This is what short-term summer rentals used to command, now it's the going price for long term? Wow.

17 Nawthorne Drive, Old Greenwich, was purchased in September 2023 for $7.075 million (on an ask of $8.5) and has been rented out since. In 2024, the new landlord tried for a $23,000 monthly rent and settled for $18,000. This time, he went for $25,000 and it’s been posted as rented for $29,500. I literally had to check the MLS to make certain that wasn’t a summer rental price, for which renters pay a premium for. It’s a great street, and great house, but I guess I haven’t been following rents very much; they seem to have been following right along with sale prices into the stratosphere, which makes sense, but is still shocking — to me.