I just remembered- I bought the house to set up a beauty salon. My profession was a hairstylist - one of the more elite profession. I spent well over $100 on a hairstylist chair (I had to watch the auctions for weeks before one even showed up), and people would pay $2 or more to have their hair cut/styled. For the first while I did it for free- just for the cost of hair gel and supplies. Crazy enough for you?
Other 'elite' professions at the time were body modification (plastic surgery) and coloring clothes. Red was crazy expensive. Every once in a while they'd release a new color and the price would skyrocket.
Crazy times, crazy game.