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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@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 6 Jun 2018
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      Kim-Mai Cutler Retweeted SocketSite

      Congrats guys. No new housing is gonna get built until after the next recession.https://twitter.com/SocketSite/status/1004511892461613056 …

      Kim-Mai Cutler added,

      SocketSite @SocketSite
      If the early trend for previously uncounted votes holds, #MarkLeno will become the next Mayor of SF by a margin of around 660 votes (0.3% of all ballots cast) #election2018 http://www.socketsite.com/archives/2018/06/lenos-lead-narrows-in-mayoral-race.html … pic.twitter.com/0bKCyyBQod
      21 replies 51 retweets 299 likes
    2. Chris O'Brien‏Verified account @obrien 7 Jun 2018
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      Replying to @kimmaicutler

      Maybe time to for tech companies to pause trying to squeeze every possible human into their SV castles?

      1 reply 0 retweets 2 likes
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 7 Jun 2018
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      Replying to @obrien

      I don't think you get how the cities are complicit in this. All of the Bay Area cities keep approving *just* office space but not sufficient housing bc they want the tax revenue but don't want to have to pay for residents.

      2 replies 6 retweets 36 likes
    4. Chris O'Brien‏Verified account @obrien 7 Jun 2018
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      Replying to @kimmaicutler

      I get that perfectly, thx. Yes, they should stop approving tech expansion plans, absolutely. You can approve 10,000 homes, but if let Facebook build space for 10,000 employees, you're still making zero progress on housing issues.

      1 reply 0 retweets 2 likes
    5. Chris O'Brien‏Verified account @obrien 7 Jun 2018
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      Replying to @obrien @kimmaicutler

      You can approve 1 million new housing units, but then Google will just keep hiring in SV. You can turn SV into Manhattan, but housing prices will still suck. These cities need to rethink economic development in a way that is not driven by the endless lust for growth.

      1 reply 0 retweets 2 likes
    6. Kim-Mai Cutler‏Verified account @kimmaicutler 7 Jun 2018
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      Replying to @obrien

      much of New York City is significantly cheaper than the peninsula/South Bay bc they keep building in line with population and economic growth. If you have lack of growth, there is no way to pay for the city/state's long-term liabilities which are already cannibalizing services.

      2 replies 0 retweets 4 likes
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 7 Jun 2018
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      Replying to @kimmaicutler @obrien

      if property owners on the peninsula/South Bay actually paid a sufficient amount of property tax, such that their governments didn't have to rely on tech to pay for infrastructure/services, I would be like OK, you can be left alone. But that's not actually what happens.

      2 replies 1 retweet 2 likes
    8. Kim-Mai Cutler‏Verified account @kimmaicutler 7 Jun 2018
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      Replying to @kimmaicutler @obrien

      Palo Alto, one of the richest suburbs in America, is facing a $1 billion unfunded pension liability. https://www.paloaltoonline.com/news/2017/10/13/behind-the-headlines-transcript-palo-altos-pension-problem …https://www.paloaltoonline.com/news/2018/05/18/alarmed-by-pension-costs-city-seeks-to-slash-4m …

      1 reply 0 retweets 4 likes
    9. Chris O'Brien‏Verified account @obrien 7 Jun 2018
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      Replying to @kimmaicutler

      As for unfunded pensions, well , taxpayers were suckered on that long ago. Nothing to do now but pay what was agreed.

      1 reply 0 retweets 2 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 7 Jun 2018
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      Replying to @obrien

      But that is partially what is driving the "attract tech companies but build no housing" behavior. If people want to honor what they promised, they have to *grow*. That's the lust for growth.

      11:56 AM - 7 Jun 2018
      • 5 Likes
      • Nicholas Moryl Taylor Michael Mullany Death will not release you Chris O'Brien
      1 reply 0 retweets 5 likes
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        2. Chris O'Brien‏Verified account @obrien 8 Jun 2018
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          Replying to @kimmaicutler

          I think that's a false tradeoff. One could lift the commercial property part of Prop 13, use that money to pay obligations like pensions, and get back in balance. I don't think letting Apple build a castle in the middle of Cupertino is going to solve that city's pension issues.

          1 reply 0 retweets 0 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 8 Jun 2018
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          Replying to @obrien

          Removing the commercial cap would make it even more attractive for cities to build office instead of housing.

          1 reply 0 retweets 0 likes
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