Metro

Happy times are here again for East End rentals

What recession?

Wall Streeters and the moneyed elite are once again splurging on Long Island East End summer rentals, according to real-estate brokers.

High-end houses that languished on the market in the past couple of seasons are being snapped up, the brokers say.

“This is shaping up as the best rental market since 2007,” said Prudential Douglas Elliman’s Enzo Morabito.

“People are tired of being austere and are picking up their swagger again,” he said.

Corcoran Senior Vice President Susan Breitenbach said the spending skittishness that plagued the playground of the rich has vanished. “People forget quickly,” she said.

Lavish spreads in Sagaponack, East Hampton, and other tony towns have been rented for $400,000 and more without much problem.

Even the mother of all vanity rentals, the Sandcastle estate in Bridgehampton, has been taken for $500,000 for two weeks, according to Corcoran Senior Vice President Gary DePersia.

Breitenbach said top-shelf oceanfront places are nearly all gone.

“There really aren’t a lot of high-end rentals out there at this point,” she said, noting that a resurgent sales market has taken a lot of expensive properties that might have been rented off the market.

selim.algar@nypost.com