Levittown is on fire right now. Homes are going up and selling instantly. I spent over $ 500K just to knock down a traditional Levitt—originally sold for $ 7K in the 1950s—and rebuild it into a 5-bed, 4-bath, $ 1.5M home. I’ve got three more going up: one sold for $ 1.35M, another for $ 1.45M, this one will be listed at $1.5M, and another a few blocks away at $ 1.6M. Buyers are showing up in droves, and they’re coming with cash. Are people nuts and overpaying for McMansions that are ruining Long