Wealthy People Agitated by Real Estate Trend

by Joshua Michtom

What interesting lessons about personal finance and the economy can we take away from the fact that web sites like AirBnB and VRBO are upending the market for $1,000-a-night rentals in the Hamptons? Probably none. But it is marvelous to know that there is a therapist in East Hampton willing to report with a straight face that “one of her patients’ top anxieties these days [is] the explosion of short-term rentals.”

The rich really are different than you and me, aren’t they?

Photo by the author.

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