Longtime Hamptonites are complaining about the uptick in prices at the vacation hotspot and blame a new crowd of wealthy individuals for the rising costs.
Locals claim the recent wave of rich residents is 'ruining the Hamptons,' citing an increase in the cost of housing, dining and transportation.
'There's so much money now it's nauseating. I'm a one-percenter. But I bear no resemblance to these people,' one woman, who bought her Amagansett home in 1991, told Vanity Fair.
'Everyone with money is here. If I weren't here already, I wouldn't come now. The conspicuous consumption is just gross.'
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Hamptonites are complaining about the uptick in prices at the vacation hotspot and blame a new crowd of wealthy individuals for rising costs (Pictured: Duryea's restaurant in Montauk)
1-percenters claim the new wave of rich individuals are 'ruining the Hamptons,' citing an increase in housing, dining and transportation (Pictured: Arbor Montauk)
The woman shared how each day she would walk by a home allegedly belonging to a hedge fund manager to find a crew planting fully grown trees at a cost of $50-100,000 per day.
The Amagansett resident said this summer she has had to 'work at relaxing'.
'[The Hamptons is] a different place now,' she claimed. 'It's the age of entitlement.'
Another Hamptonite, Heidi Wald, said it's not uncommon to find large bills strewn across the beaches.
'I looked down, as I'm always looking for sea glass and there was a perfect crisp $50 bill on the shore. I thought, 'Only in the Hamptons,'' Wald told the magazine.
Kathryn Kellinger and her husband, Lee Hanson, who is the chef and co-owner of Manhattan's Frenchette restaurant, say the housing prices in the area have 'gotten ridiculous' lately.
The couple began visiting the Hamptons in 1998, renting until they could afford to purchase a place of their own. They argued that wouldn't have been able to do that with current prices.Insurance Loans Mortgage Attorney Credit Lawyer
'We were five late 20-something friends