As The Wealthy Return To Cities, Beach Resort Towns Are Left With A Housing Mess In 2020, the pandemic precipitated a mass migration event of well-heeled New Yorkers to the swanky beach towns of the Hamptons on Long Island. But the reality of in-person schooling and return-to-office mandates means the city expats of 2020 and 2021 are heading back to their normal lives this year, leaving behind a slew of problems — like a punishing labor shortage and exacerbated housing crisis — in their wake.
Without homes that are both available and affordable for a wide swath of the working population, locals who spoke to Bisnow in recent weeks said they are concerned that family businesses and public services in the small communities will be completely eroded.“Ultimately, something will break,” East Hampton Director of Housing Tom Ruhle told Bisnow.… Read the full story here. |