The struggling Hamptons real estate market is rebounding — but young buyers are less flashy than previous generations. “Those great big huge houses from the 1990s and early 2000s, they’re sitting,” Paul Brennan, a broker at Douglas Elliman Real Estate, told Bloomberg’s James Tarmy. “I think that conspicuous consumption isn’t in vogue these days, and that’s why bigger isn’t better.” The shift away from ultra-luxury is hurting the richest homeowners. Rather than sprawling estates that are difficult […]

Source: trdnews

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