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Economy
New Yorkers with 'middle class' $5M homes in the Hamptons slash selling prices by as much as 26% to get rid of 'unjustifiable' luxury vacation homes
2023-11-03
[Daily Mail, where America gets its news]
  • In some cases, owners have cut their asking prices by hundreds of thousands of dollars in Sag Harbor and Amagansett

  • The sudden bounce is believed to be linked to the highs seen during the pandemic, when buyers were paying double, have now settled
Related:
The Hamptons: 2022-08-18 The summer blues! Haggard Bill and Hillary Clinton stroll down the beach in matching tops during annual Hamptons getaway - while marathon-runner Chelsea jogs nearby
Posted by:Skidmark

#5  if the higher price was cut it was probably because there were no offers at the higher price

not because of some BS phrasing
Posted by: lord garth   2023-11-03 15:01  

#4  Looks like the governor has a new destination with housing for all those buses from Texas. Equality!
Posted by: Procopius2k   2023-11-03 14:40  

#3  Interesting. My sister and her husband live in the Hamptons. My brother-in-law says he remembers when all those fancy homes were just potato farms.
Posted by: Rambler in Virginia   2023-11-03 12:46  

#2  ^ Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.

Posted by: Beavis   2023-11-03 12:12  

#1  Tell me again why anyone should be able to write off mortgage interests on 2nd houses?
Posted by: Procopius2k   2023-11-03 11:21  

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