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Real estate: the ultimate game of risk and reward. It’s the biggest investment most people ever makeFortunes are won and lost every day. How do you stay ahead of the game? Who’s buying, who’s selling and why? You need an edge. Boroughs & Burbs. This podcast is your secret weapon, giving you the insider knowledge and strategies you need to succeed in the high-stakes and cutthroat world of real estate. The Boroughs are New York City.The Burbs are wherever you are: Connecticut, Austin, the Hamptons, Carolinas, Florida and beyond. From Palm Beach to Palm Springs, Manhattan to Malibu, we travel the country pressing the experts in every luxury market to expose the pain, find the deals, and occasionally predict the future. Don’t settle for mediocrity - tune in to Boroughs & Burbs Thursdays 3pm Eastern and start dominating your market.
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Tuesday Oct 18, 2022
Tuesday Oct 18, 2022
Welcome to our Hamptons show. World-famous towns, villages and hamlets on Long Island's South Fork between Westhampton and Montauk, the Hamptons have long been a weekend and summer retreat for the world's wealthiest people, from movie and TV stars, dignitaries and socialites, hedge fund managers to hip-hop artists and more. We'll ask these two Hamptons insiders to tell us about the Hamptons beyond the beautiful beaches and the people who frequent them. Is there still a Hamptons for mere mortals?
Of course we have to talk about the trophy properties. The current trophy-holder for the priciest sale in the Hamptons is $137 million. That was set in 2014 and was a sale for three contiguous lots running across 16 acres in East Hampton. Only five Hamptons homes in history have ever gone for more than $100 million (according to Jonathan Miller, president of real estate appraisal company Miller Samuel) Jonathan says "Thanks to the rising net worth of America's richest 1 percent, whose wealth increased by $12 trillion during the pandemic to a record $45.9 trillion at the end of 2021, trophy transactions are picking up pace. Appraiser @jonathanmiller said in the early years of the market he would see one or two transactions above $50 million in a year. Now he sees them every other week."
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