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Podcast: News For Reasonable People
Episode: #2,518 - Sinking San Francisco Millennium Tower's condo price plummets
Description: A condo in San Francisco's Millennium Tower sold for $400,000 less than its original purchase price.
A one-bedroom unit sold for $615,000 last week, but the seller bought the condo back in 2014 for over $1 million.
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Millennium Tower has made numerous headlines over the years for its structural issues. Engineers discovered back in 2016 that the 645-foot-tall building was sinking and tilting. They found the building had sunk 16 inches and was leaning to the west. Engineers claim they have stabilized the building, but the value of its units has dropped...