Simon Property Group

By Tim Logan GLOBE STAFF August 26, 2017

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Boston was flying high.

New towers were transforming the downtown skyline, while growing companies couldn’t hire fast enough to fill open jobs. Home prices had been surging for half a decade, and condo builders were racing to keep up with the demand.

The year was 1988. And what happened next was a real estate bust just as epic as the boom that preceded it. Jobs vanished. Banks failed. Unsold condos littered the market.

It took most of a decade for Boston to dig out.

 

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