If you've ever thought about purchasing a summer place or investment property in the Hamptons but couldn't swing the steep price tag, there just might be a way to live the dream—you can buy into a hotel condo or co-op, which are numerous in this area and can be a fraction of the cost of a single-family house. That's important to know because home prices in this stretch of paradise are still at an all-time high. In the first quarter, the median s…
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