For Manhattan and Hamptons Housing, A Falling Tide Sinks All Boats

Holy cow, the Hamptons are affordable! Well, not really, but they are certainly more affordable this year than last, according to a new Douglas Elliman-Miller Samuel report. It’s abundantly clear that the collapse of the Wall Street economy is largely to blame here, and the wild spending out in the Hamptons, where moguls of all shapes, sizes and colors competed for prime real estate, is over at least until the Manhattan-based economy picks...

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