Wall Street is Back - Hamptons
NYT:
"The nexus of the Hamptons McMansion production line, the Farrell Building Company, currently has 30 spec homes in various stages of construction, mostly in the $3 million to $10 million range, and mostly in Amagansett and Bridgehampton."
2 comments:
"Seven to eight million dollars per acre is the going price for oceanfront property in hipster-and-surfer-approved Montauk, formerly the funky final frontier of the Hamptons."
CP,
Woohoo! Rising interest rates on CDs must be coming shortly then! Just look at all that prosperity!
Or not. ;)
Low CD Rates: Lending Drought and Savings Monsoon
Rising interest rate environment my @$$. ;)
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