More Galleries
Some Converse copycats cost big bucks A few bargain brands got swept up in Chuck Taylor's net, but others cost a pretty penny. More
Urban infrastructure gets a second life Railroad beds become parks, power plants become aquariums and slaughterhouses are now art centers as an industrial past turns people-centric. More
Boomtown moms From working mothers raising their kids in RVs to stay-at-home moms who spend their days organizing events for the Oil Wives club, meet the moms of North Dakota's oil boom. More

Special Offer
7 of 10
BACK NEXT
Wall Street - 1987
Wall Street - 1987
  • 1987 cost of luxury apartment: $950,000
  • 2008 inflation adj. cost: $1.8 million
  • Actual 2008 cost: $8.6 million
  • "Greed is good" was the mantra, and once Bud Fox started making serious money under the tutelage of Gordon Gecko, it was time to ditch the old digs for a swank new condo.

    Bud went straight to Manhattan's Upper East Side and shelled out $950,000 for a pad, described by his real estate agent as a "splendid four-room thirteenth floor aerie overlooking Central Park."

    More than 20 years ago, a $1 million apartment in the Big Apple was a status symbol. Now it's just a place to live. According to New York appraisal company Miller Samuel, the median price for a Manhattan apartment is $945,000, or $1,160,000 for a condo.

    In inflation-adjusted 2008 dollars, Bud paid nearly $1.8 million in 1987. But he'd have to pay even more if he wanted to live like a high-roller today. At two new luxury buildings in prestigious Manhattan neighborhoods, the median price for condos is about $8.6 million, according to Miller Samuel.

    Some might say greed is still good.

    NEXT: The $64,000 Question - 1955 to 1958

    Last updated May 23 2008: 3:58 PM ET

    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

    Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

    Factset: FactSet Research Systems Inc. 2014. All rights reserved.

    Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

    Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.