Archive for December, 2013

A Cultural Exchange

Monday, December 16th, 2013

Southampton is bringing back a relevant piece of Long Island history. The town has decided to purchase the Neptune Beach Club and turn back the hands of time to create a museum which will honor African-American Coast Guardsman who were stationed there during WWII.

The 3.2 million dollar purchase of the 2.78 acre property will include a museum and educational center. In addition, board members discussed a plan to construct an 800ft boardwalk, connecting the new historic sight and the Tiana Beach pavilion.

The cultural significance proves that roots run deep on the eastern end of Long Island.

Photo Credit: Newsday

Town & Country extends congratulations to Southampton Village

Friday, December 13th, 2013

Town & Country extends congratulations to Southampton Village for forging the path to smaller carbon foot prints by all.
Two years ago the village was the first to ban plastic shopping bags that clog our landfills, fly with the wind and litter our beautiful areas
Not to mention the additional pollutions when recycled!
Now the Department of Environmental Conservation honored Southampton Village with their annual Excellence Award.
The volunteer group known as Southampton Advocates for the Village Environment or SAVE were behind the movement..
So a big thank you to SAVE from T&C!

EAST HAMPTON’S HOLIDAY TOUR

Wednesday, December 11th, 2013

East Hampton’s Chamber of Commerce is hosting it’s 24th annual holiday tour from noon to 4pm.

Unlike other holiday tours, East Hampton not only proudly displays Christmas Décor at its most elegant timelessness, but the homes and properties that you visit each has a history that defines this Norman Rockwell like east end hamlet.

On the tour is the 1770 House & Inn, who’s beehive fireplace in the original Speakeasy, actually predates 1770!

 

 

 

 

 

 

The Huntting Inn, c 1699, was the family home of Reverend Daniel Huntting of the Second Presbyterian Church.

 

 

 

Pollock- Krasner House & Study Center, which is the new comer to the tour and a National Historic Landmark c. 1879.

 

 

 

 

 

 

The Topping Rose House, actually on Bridgehampton’s Main Street, c. 1842 was built for Judge Abraham Topping Rose.

 

 

 

 

Bring the family to these historic properties and enjoy the step back in time.
 
Visit www.easthamptonchamber.com or call 631.324.0362 for information.

Children under 12 are free, admission $25 for all others
 
See you on the road to the 17th Century.

An Ounce of Prevention is Worth a Pound of Cure

Thursday, December 5th, 2013

Town and Country Real Estate partners Janet Hummel, Nancy McGann and myself attended a presentation by The Nature Conservancy today in their East Hampton office at 142 Route 114.

 

We were invited by Paul Brennan, along with a dynamic selection of local Real Estate professionals – the topic was Clean Drinking Water on Long Island. This was the start of a grassroots movement on the East End to educate, and then deploy means to prevent the East End from the sufferage that Nassau County is experiencing.

 

Studies have shown that it is the nitrogen pollution that its cause algae bloom, some of which are toxic to humans, marine life and vegetation. Nitrogen pollution is caused by septic systems and cesspools. Requirement on the municipal level, for all 5 East End towns to install redesigned septic systems that clean the waste better, is the area of change needed.  The Hamptons, North Fork and Shelter Island all poised to set the bar higher for others.

 

As inhabitants of an island, we must all be keenly aware of water quality.

 

The Suffolk County Water Authority states, “almost 70% of Suffolk County community supply wells were rated as high or very high for susceptibility to nitrate.” (2013 Report)

 

There is a solution! We urge you to let your local governments know you want to spend an ounce of prevention RIGHT NOW.

HERE YE, HERE YE!

Tuesday, December 3rd, 2013

East Hampton Village, one of the oldest towns on Long Island, settled in 1648, embraces its history and goes to extraordinary lengths to engage the public.
December is when the history takes center stage.
This past weekend was the East Hampton Historical Society house tour, a cocktail fund raiser.
The Christmas tree lighting on Town Pond is the next big event, Maidstone Tree Lighting, December 9, then December 13th, Hugh King, East Hampton’s Town Crier, is hosting the annual lantern tour, a walk back in time of preserved properties.
On December 14th there will be a reading of Victorian holiday stories at Clinton Academy Museum at 151 Main Street, at 4pm.
For a mere $15, you can take a 90 minute tour with Mr King and Richard Barons, EH Historical Society Director,  to view several historic structures built between 1680 and 1784
Our East Hampton Main Street has been voted one of the most beautiful Main Streets in America.
I’ve always thought it looks like a Norman Rockwell painting all four seasons, but especially when it snows and the skaters are on Town Pond.
I hope you can join us, you’re sure to enjoy the tour!

HOUSING MARKETS—LOCAL & NATIONAL

Monday, December 2nd, 2013

It was exactly a year ago that I wrote a blog called “Housing Will Save US”.
I had been BLOGGING about all the good news relative to housing statistics both locally & nationally for guite some time now. I predicted that a housing boom would help to pull this nation out of it’s Great Recession and that’s exactly what happened. While governments and corporations went on a belt tightening mission by decreasing staff—costs—in order to boost profits, the housing sector was growing from the foundation up. Literally and figuratively.

Locally, our economies have enjoyed a healthy steady growth through all facets of housing and the ancillary services housing supports. From landscapers to framers, all report an uptick in business. While the jobs may be on tighter margins, at least there are jobs to report. Nationally, the same has held true.
 
This trend is poised to continue as the October report on US Building Permits hit the highest since June 2008 with 1.034 million permits issued—a 6.2% increase from September, which was a 5% increase from August. The trend is set. Now the S&P/ Case-Shiller Index on US Home Prices in September realized the highest gains since February 2006, over 7 years ago, with a 13.3% rise year over year in September.
 
We’ve all listened to the experts say the rise in building permits was so great due to multi-family homes, so should not be counted as so great. How silly— what ever form of housing is under demand, that is the void that builders fill. And Professor Shiller cautioned us that the price spike was due to institutional buyers of single family homes… with all very well earned respect sir, 100,000 institutional purchases over the millions sold does not make me gasp!
 
Bottom line…Housing remains the American Dream.
It provides one of the 3 essentials in life—shelter— Home values took the greatest hit since the Great Depression after the collapse of Lehman and now we are all wiser for it.
 
That’s not to say there are not bubbles that form in certain segments of markets with in markets. Whenever you have a market driven by a specific niche set of buyers it’s a fragile market. It has happened before and will happen again, but the scale on which our last correction was denoted  will not be seen in our lifetime.
 
Slow and steady wins the race…. We are just enjoying a little sprint after a long rest!