The Hamptons Wants to Borrow More Money as Wealthy Linger Longer

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The Hamptons Wants to Borrow More Money as Wealthy Linger Longer
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East Hampton, New York joins a list of wealthy US tourist destinations that have sold debt this summer

, joining a list of well-off US tourist destinations that have tapped the market this summer.

Sitting on the easternmost tip of Long Island, the town encompasses Montauk, Amagansett and other affluent areas, and for decades has been the favored summer getaway for wealthy New Yorkers, including those in financial markets. Now the persistence of remote work schedules in the post-pandemic world has made the Hamptons, as the region is known, a viable longer-term residence.

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