The Wall Street Journal yesterday discussed the latest proposal in the Town of East Hampton for limiting share houses because of complaints about noise and overcrowding at beaches. Some residents say the problem has worsened in recent years as trendy bars and clubs have opened in Montauk. The bill would require homeowners to inform the town if they are renting their house and disclose the square footage and number of bedrooms. Not everyone is in favor. John Keeshan, the well known Montauk broker, says if the town would “enforce the laws on the book presently, it wouldn’t be necessary to muddy the water by creating new legislation.”
· East Hampton Seeks Share-House Hangover Cure [WSJ]
Reining in Share House Rentals in East Hampton – party hearty – Curbed Hamptons.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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