Luxury condo prices in downtown San Francisco have been plummeting as the city's rate continues to spiral out of control and many tech workers avoid the office in favor of working from home.A recent report by realty group Compass found that the median sale price of a two-bedroom condo in the Golden Gate city's downtown area has plunged 16 percent since 2021, while sale prices in surrounding areas have plummeted only 7 percent.Patrick Carlisle, the group's chief market analyst, attributed the rapid decline in housing prices to the area's high crime rate and growing population, as high-earning tech workers move out of the area to work from cheaper locations.
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