This morning we discussed the fact that after a torturous year of not being able to buy $300,000 cars because of how it would look, many of you are now feeling strong enough and confident enough to go for it without the fear of people calling you a tone deaf douchebag. Well that was just the tip of the iceberg, ladies. No longer having to worry about the “recession” or a lack of bonuses means the Mecca of the the DB, the Hamptons, is once again in style. Sure, it was there last year but it was a sad summer, what with having to dial down the enthusiasm and not not strip naked and roll around in a pile of hundos once you got out there Friday night. Now feel free to do just that, or light the money on fire just because you can, whatever you want, it’s now okay.
“It’s going to be a good summer,” Megan Ruddy said. “Everyone is sick and tired of holding on to their money.”
“After people got their bonuses, they said, ‘OK, things are going to be normal again,’ ” Manhattan securities lawyer Daniel Scotti said while checking out a recent open house for an estate listed at $25.9 million in the Hamptons town of Sagaponack.Scotti, the securities lawyer, bought a property in the Hamptons in 2007, at the height of the market. When the stock market crashed, he said, he expected to wait a long time until he could sell without taking a loss. But this year, before even putting the house on the market, he was offered $2.8 million for it — several hundred thousand dollars more than he paid. And then, when Scotti went house-hunting in March, he ended up in a bidding war with four people on a property in East Hampton on the day it was listed.
The change this spring was all the talk among real estate agents at a recent event in Manhattan put on by Corcoran to promote its Hamptons inventory.Caterina Proner told of one couple who asked her to sell their home last year when the bonuses dried up. The house didn’t sell, and when bonus season came around this year they went back to Proner. “All the sudden they are back and saying, ‘I want to keep it,’” Proner said. “A bonus means a summer house.”
You know what this calls for, right? A little celebration.
Hamptons Again Warmed By Wall Street’s Glow [LA Times via DI]
party in my small neighborhood friday, be about it.
-kimballer
day of the douche. Brilliant. Well done, Bess.
What is that picture from?
Bess, can we please, please, please change the picture to Dorothy and add this quote from 1939:
“Some place where there isn’t any trouble. Do you suppose there is such a place, Toto? There must be. It’s not a place you can get to by a boat or a train, It’s far, far away, behind the moon, beyond the rain.” {It’s a place where Megan Ruddy lives Toto}
I bought a pair of New Balance at that tennis shop like 2 weeks ago. Excellent store. The owner is a total sweetheart.
I don’t think its time to start sucking each other’s dicks just yet. Suffolk is still considered distressed so its increasingly difficult to get a mortgage. If you are paying cash that is N/a but most people will try to take a mortgage and that will keep prices flat or even lower then previously seen. Banks just won’t give it up. This is the hot season so anything that would happen, generally happens now. Sales will only happen when expectations on both sides of the deal are realistic. Over paying for a house is no longer cool.
In addition the rental market is booming and that suggests a weaker buying market. A giddy Corcoran broker does not exactly mean the market is back.
@3 – http://gawker.com/262894/hamptons-concierges-catering-to-better-class-of-douchebags
@4, http://cdn.someecards.com/someecards/filestorage/enc_55.jpg
@5, wow, i now agree with prior comments about you. Please leave, doosh
@8 I agree.
Mr. Awesome, what makes you think you are so awesome?
The Awesome Opossum
@8 This is what happens when I try to benign.
I could point out that you do not even know how to spell the word “doosh” thus making you a fool, a clown, a GED failure.
How can you not even know how to use spell check?
The spelling is douche…
Now its almost 5pm and that means its quitting time for you. Have a nice trip back to Staten Island.
Oh and thanks for your incite. <—– Part of the new nicer me.
@9 you agree with the DOOSH…
hahahahahah. You guys take the same train?
http://www.linkedin.com/pub/daniel-scotti/6/378/291
How does he have any money? He worked for a Ponzi scheme.
Mr. Awesome and those conversing with him- these are among the worst comments I’ve ever seen. stupid and most offensively not funny in the least. I’m not interested in anything you have to say unless it relates to the contents of this post. This back and forth ends now or you’re finished here.
Daniel Scotti was a class action lawsuit specialist at Dreier.
You can’t make this stuff up.
What bonus could he possibly be talking about.
Maybe he’s planning on suing himself to pay for the $25mm digs.
Bess please ban Mr Awesome. I think you said you would yesterday if he didn’t keep his dumb comments off of here.
Thanks
Seriously Bess, who does Mr. Awesome think he is? Charles Festerbottom?
You Sir, are no Festerbottom, that any Chad can tell you!
Hey – that’s Jake from ATL.
“So far, the only people who don’t understand Abrams’ vision, says Abrams, are his parents. Especially his stepdad: “He doesn’t really get it with this kind of stuff,” says Abrams. “He lives in Boca Raton. He loves, loves, getting on the computer and checking Orbitz. He’s like, ‘Why the f – - – do I need someone to book my dinner reservation?’”"
Mr. Awesome clearly does not understand Abrams’ vision.
This ‘securities lawyer’ had a killer year if he bought a place in 2007 for say $2.5MM and is now considering a place for $25.9MM.
the cfa study guide told me he has a free call option if he puts no money down…
Is that a picture of Anal_yst, because that’s pretty much how I picture him.
Bess, you sound like the babysitter
@23 You let the babysitter talk to you like that?
Bess,
Can you baby sit (on my face)?
Bess, you are sexy when you are angry.
“The Day of the Douche”… a remake of “The Day of the Jackal”… a plot to assasinate the last guy in Connecticut who drives a used Ford to the train… in the last scene, the Assasin (the Douche), having failed in his mission (the driver’s side door of the beater no longer opens, so The Victim unexpectedly gets out the passenger side), is killed by a loopy old lady driving a 1983 Grand Wagoneer the wrong way down a one-way street.
@#20
Did you not exist from 2007-2010?
It’s a Wall Street feast for all of us right now, plaintiff or defense, courtesy of TARP!!!
@11 Mr. Awesome complaining about the spelling of douche when you use the incorrect form of insight…
a Dreier lawyer?? $26 mil?
http://www.linkedin.com/pub/daniel-scotti/6/378/291
@22
That is not me. Only losers with more $ (presumably) than sense and social aptitude would pay for such “service.”
Actually that’s Andrew Rimaldi. Might I add poser d-bag.
Atlantic City is the place to be now for Wall St.
Beachfront condos under 300k and lots of gambling, drinking and partying, with little or no chance of bumping into your boss!
Hamptons is for pretentious poser douches who will cram 20 to a house, have no idea how to enjoy themselves and spend most of their weekends working on some PowerPoint presentation due Monday ( which nobody will probably read).
@33
sounds like you took the script from Harold and Kumar
Anal_yst@31,
What about losers with no $, no sense and no social aptitude? Any thoughts or insights?
28 mil*
I’m just amused by “Mr. Awesome” calling somebody out for misspelling “douche”, but not knowing the difference between “incite” and “insight”.
That guy in the picture is the biggest closet homo I have seen since George Michael in his Wham days!