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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
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