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Summer Rental Hype Watch

In the wake of the rental of The Sandcastle in Bridgehampton for two weeks for $500,000, the media's all over the story that Hamptons summer rentals are back, baby! Newsday quotes Town & Country's Judi Desiderio: "It's very healthy, with prices back to where they were in 2008." And CBS 880 Radio files a hard-hitting 45-second piece in which Saunders' Jane Gil notes, "People are willing to pay the $50,000 or $75,000, you know, for two months, whereas last year you had maybe 30 couples who would pay that price and they kind of double up or triple up in a house." [Newsday/CBS 880]