Rich People of the Hamptons Have a New Headache: Even Richer People

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Hamptons News

The Hamptons,Millionaires,New York City

Prices are ballooning as an influx of city dwellers subsumes the East End. “There’s so much money now it’s nauseating,” said one longtime homeowner. “I’m a 1-percenter. But I bear no resemblance to these people.”

Along with random $50s strewn across the beach have come the ultra-monied themselves, who’ve flooded in in numbers many say they’ve never seen before, leaving even the rich people thinking the rich people are ruining the Hamptons . “There’s so much money now it’s nauseating,” said one woman who bought her house in Amagansett in 1991. “I’m a 1-percenter. But I bear no resemblance to these people.

And her $3,000 contribution for housing is nothing compared to what young people are spending at clubs. “Tables are absurd,” she said. “I’ve had friends who have ended the night with $7,000 bar bills.” She said one night she spent $60 on a one-mile Uber trip home. Another has reported $600-plus rides for trips between two hamlets, blaming the price hike on increased demand from “tourists.

The Hamptons Millionaires New York City Real Estate

 

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