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PriceChoppers' Paradise

Far be it for us to declare a rebound in the market, but it seems at the very least in another write-up today that real estate has "pulled a rip cord." Still, in big-ticket markets around the world, "discounts are the new norm," says a WSJ Magazine feature, and an asking price is really only a starting point for negotiations. Even private islands are getting discounted, with one $22 million Nafsika Island off the coast of Greece getting a doozy of a price chop down to $11 mil. And to think someone would rather put a down payment on a measly San Francisco penthouse! [WSJ.]