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What's Up WIth All These Overpriced Homes In The Hamptons?

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Without much difficulty, we could focus all of our real estate coverage on homes that have seen their price chopped, have languished on the market for years, or sold for dramatically less than their initial ask. With very few exceptions, this seems to apply to almost every listing in the area?from the Under $500Ks to the high-end properties.

So, for this week's Thursday Open thread, we're asking for your theories as to why the pricing seems so screwy out here. Is it some type of marketing strategy? Are sellers to blame? Agents? Does it all come down to basic greed? Or maybe the Hamptons are just following a national trend. Feel free to share your thoughts in the comments. We'll round up the best responses early next week. Have fun!

· Previously on Thursday Open Threads [Curbed Hamptons]