“The Hamptons are pretty much sold out for summer rentals, hence the move here.”Most renters are looking in the $4,000 to $7,000 a month range, which gets a modest-sized three or four-bedroom home, she said. But high-end rentals are extremely competitive, even as they command tens of thousands a month. “Traditionally you would think these very well-to-do people who have these beautiful houses wouldn’t really need the money,” she said. “But there are people who clearly want to make the move and they’re going to do it regardless. Especially if the woman is pregnant or they have babies and there’s a strong emotional component to make a life change now.

Source: International New York Times July 17, 2020 09:00 UTC