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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 31 May 2018
      • Report Tweet
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      Kim-Mai Cutler Retweeted Roland Li

      My favorite law, which has shaped every aspect of my life, from the time that I personally had to fundraise for my PE and arts teachers’ salaries when I was in the 1st grade, to all of my public university tuition hikes, to my unaffordable housing costs and more! Thanks Prop. 13!https://twitter.com/rolandlisf/status/1002292809896935424 …

      Kim-Mai Cutler added,

      Roland Li @rolandlisf
      It's the 40th birthday of Prop 13, which capped California property taxes and removed billions of dollars for cities and counties. @BlancaWrites investigates how it's helped older homeowners, limited inventory and shaped city land use in this week's cover: http://bizj.us/1pm7qa  pic.twitter.com/rHLAg8r3WJ
      18 replies 217 retweets 621 likes
      Show this thread
    2. Keith Bradley‏ @tkbrdly 31 May 2018
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      Replying to @kimmaicutler

      Maybe property tax isn’t the right way to pay for all that. Do you want every lower income person forced out of their homes because they can’t afford taxes on value they can’t control?

      2 replies 0 retweets 2 likes
    3. Keith Bradley‏ @tkbrdly 31 May 2018
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      Replying to @tkbrdly @kimmaicutler

      Property tax is one of my top concerns when looking for a place to live, many places it’s more than $1000 a month, how can anyone afford that?

      2 replies 0 retweets 0 likes
    4. Kim-Mai Cutler‏Verified account @kimmaicutler 31 May 2018
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      Replying to @tkbrdly

      It’s mostly more than $1K a month in the Bay Area. But lots of others states created robust exemptions and deferrals for low-income folks and seniors. It did not have to be a blanket thing for all kinds of real estate, including malls and golf clubs.

      1 reply 0 retweets 26 likes
    5. Keith Bradley‏ @tkbrdly 31 May 2018
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      Replying to @kimmaicutler

      Consumption tax just makes more sense. Food and necessities exempt. Property value changes too much to be a fair source.

      2 replies 0 retweets 2 likes
    6. Drew Roos‏ @mrgriscom 31 May 2018
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      Replying to @tkbrdly @kimmaicutler

      Allow deferral of property tax payments until house is sold. City eventually captures their share of value out of appreciation; no one is forced out involuntarily

      1 reply 0 retweets 8 likes
    7. Keith Bradley‏ @tkbrdly 1 Jun 2018
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      Replying to @mrgriscom @kimmaicutler

      And the family loses all the value that they had the foresight to capture. Sounds like no new wealth can be created. Many people scrapped money together to buy a home for their family for $100k 30 years ago, it’s now worth $1MM- tax would have jumped 100/m to 1000/m

      4 replies 0 retweets 0 likes
    8. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Jun 2018
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      Replying to @tkbrdly @mrgriscom

      In most parts of the country, that value rose to only $200K. That extra $800K is coming off of the backs of the future middle class, who then have to pay the 4-8K/Mo mortgages without saving new wealth. It’s just a transfer from the young to the old.

      1 reply 0 retweets 18 likes
    9. Keith Bradley‏ @tkbrdly 1 Jun 2018
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      Replying to @kimmaicutler @mrgriscom

      If they can afford 4-8k a month, they aren’t middle class.

      2 replies 0 retweets 0 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 1 Jun 2018
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      Replying to @tkbrdly @mrgriscom

      That is what mortgages cost in the Bay Area at min $1M. That is what pays for a house here. So your policy over time leads to no one middle class being able to live there LT if you allow too much wealth to be captured into land.

      4:19 AM - 1 Jun 2018
      • 6 Likes
      • tatere.🦑 Jeremy Jeff Armand Matt Matteson
      1 reply 0 retweets 6 likes
        1. New conversation
        2. Keith Bradley‏ @tkbrdly 1 Jun 2018
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          Replying to @kimmaicutler @mrgriscom

          They cost that much because 1) there isn’t enough housing (change zoning) and 2) tech salaries are driving up prices. If we tax income for anyone who makes more than $300k at 60% (or 90!) like we used to, home values would cap out.

          4 replies 0 retweets 0 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 1 Jun 2018
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          Replying to @tkbrdly @mrgriscom

          The zoning and Prop 13 are interlinked. Because of P13, approving housing generally loses municipalities net tax revenue over the long term so cities try and make up for it by approving office space rather than housing, which generates net positive tax revenue.

          2 replies 2 retweets 14 likes
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