Buyer found for nation's priciest bank-owned home

[Forever Sunshine]

Homeowners usually dread having foreclosures in their neighborhoods because it tends to put a drag on the value of surrounding properties, but they might not mind living next to 188 Minna St., in San Francisco.

Among the nearly 4 million homes owned by banks today, according to Barclays Capital, this one stands out. For one thing, there's the waterfall in the foyer. And the 2,500-square-foot master bedroom with a hallway just for closets. And the 22-foot glass walls that look out on San Francisco's Arts District. And the fact that this penthouse condo is the most expensive bank-owned residence in the country.

bottomline.msnbc.msn.com/_news/2011/12/16/9493683-buyer-found-for-nations-priciest-bank-owned-home

[palmbeachpaul]

I could never really understand the fascination with living in San Francisco??? I mean it's a beautiful place to live- very scenic, but it's so expensive I often wonder why people pay it?

[Rovo]

I'm with Paul, i'm sure it's nice to visit and great scenery, but damn those prices!!