Hamptons homeowners are quickly learning that the sky-high prices they charged the past two summers for renting out their properties are a thing of the past. A combination of increased international travel, many former renters buying homes and a supply glut have all led to a sudden sticker-slash in the tony Long Island enclave. “There is a tremendous amount of inventory and people are not renting it,” Enzo Morabito, of Douglas Elliman, told CNBC of the area’s hot new trend toward last-minute summer rental discounts. “And it’s across all segments, from the very low to the very top of the market.”
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