How much?!?!?!?!?

So we got the first bids for renovating the apartment. The 650 square foot apartment. They want more than we spent on our whole first house (1800 square feet) to renovate this apartment (650 square feet)! Hello? Have you lost your freakin' mind, Mr. Contractor? Did you smoke some crack when you wrote up the bid? Needless to say, we are scaling back significantly.