A very large apartment building in San Francisco has lost $250 million in value since 2018 as the city has devolved into a hellscape of crime and open drug addiction.
Commercial real estate and retail space in the city have had the same problems.
This could eventually cause a domino effect on San Francisco unlike anything we have ever seen.
The FOX Business Network reports: San Francisco apartment building facing foreclosure, significant decline in value An apartment building in San Francisco has reportedly experienced a large decrease in its value compared to where it stood in 2018. The San Francisco Chronicle, citing data from Trepp, reported Thursday that the building, the Crescent Heights-owned NEMA, had its value decline by $264.6 million, hitting $279 million, more than a 48% drop from 2018, when it was worth $543.6 million. Trepp had also tweeted about it Wednesday. The company, which tracks structured finance, commercial […]
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