The Millennium Tower in San Francisco, completed in 2008, has experienced significant structural issues, sinking 17 inches and tilting 14 inches. Despite a city inspection confirming its safety for occupancy, the value of the luxury condos has plummeted by an average of $320,000. Residents express dissatisfaction with the situation, questioning the adequacy of insurance coverage and potential solutions to the building's problems.
PREREQUISITESReal estate investors, structural engineers, urban planners, and anyone interested in the implications of building safety on property values.