"I'm loving this. The end of the ibanker bonus will also signal the end of the $600,000 studio. There's no reason the cheapests livable 1BRs in this city should cost $800,000. I'm looking forward to the real 20% drop that takes place next summer and a return to some semblance of normal valuation of real estate. You know, that thing we left back in the 90s." [Oct. 1, 2008: The Day the Real Estate Boom Died]For more stories from Curbed, go to curbed.com.
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