Do you think that since there is no inventory now in Hamptons to buy, this will lead to many more rental options 2 years down the line, since many people who bought will travel to Europe to their usual summer vacation destinations once the pandemic is over ?
It’s all the same houses that just changed owners. But I’m sure some of those owners will be ready for a change
Where did all these buyers come from? They just had 400k or something lying around that they decided to use to buy a house in the Hamptons? I would not buy in the Hamptons now - the prices are way higher and once they come back to normal you’d likely lose a lot of money if you bought now..
Plenty of people are rich or they take out mortgages or liquidate shares in the market.
there is still plenty of inventory for sale. prices will come down soon