San Francisco Housing Slumps… Literally

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SF Gate reports on the sinking and tilting of SOMA’s Millennium Tower, which has settled 16 inches since its completion in 2008. Theories vary, with some saying this is due to the choice not to drill piles into the bedrock and others shifting the blame to excavation at the adjacent Transbay Transit Center.

Meanwhile, rental housing is down as well (metaphorically)

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