Well, what do we have here! Why, it's a chart of important, incontrovertible statistics that have convinced us, once and for all, that the Hamptons rental market isn't just back, it's fully en fuego. Who better, after all, than random rental website HomeAway.com to drop such knowledge on us? And hey, TheStreet.com is taking it seriously, including this very important statement: "Sag Harbor and Westhampton Beach in New York saw rental interest double last summer." Double! Double from what? Who cares! Double!
Alrighty. But might there be some slight cause for concern when this is the best example the reporter can dig up? "John P. Vitello, senior director of high-end real estate firm Brown Harris Stevens' Hamptons office, says his firm already has rented a relatively modest 3,400-square-foot, five-bedroom home in Southampton for $55,000 in July." Everyone hear that? Someone's paying $55,000 for a rental this summer! En fuego, indeed.
Look, from all we're hearing, the rental market is fine. Might even end up better than fine. But this sort of fake hype really doesn't help the cause. So, as ever: reports welcome of what you're actually seeing out there, whether as a renter, owner, or broker, to email@example.com, or in the comments below.
· Rental Prices Rebound in Hamptons [TheStreet.com]