"San Francisco Mansion Plummets $10 Million Amid Housing Market Collapse"

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Source: Business Insider
"San Francisco Mansion Plummets $10 Million Amid Housing Market Collapse"
Photo: Business Insider
TL;DR Summary

A six-floor luxury house in San Francisco has seen its value plummet by $10 million in just three years, selling for $20 million in January 2020 and then again for $10 million in November. The property, located in the Russian Hill neighborhood, features four bedrooms, eight bathrooms, a five-car garage, and a guest apartment. The decline in home values in San Francisco has been attributed to a recent slump in the city's housing market, with median prices falling from a peak of around $1.6 million in April 2022 to $1.2 million in January.

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