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GARDEN CITY, N.Y. (AP) - Forget window shopping the photos of million-dollar manses in the real estate shops on Southampton's Main Street. If you really want to know how the housing market in the Hamptons is faring as summer beckons, Steven Gaines suggests an unusual yardstick.
He says the best barometer of how people in the Hamptons are doing is the price of the lobster salad at the local gourmet shop in nearby Sagaponack. Right now, it's selling for $100 a pound.
"When you're spending $100 a pound for lobster salad, what's $15 million for a home?" says Gaines, a local author and aficionado of all things Hamptons.
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