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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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    Kim-Mai Cutler‏Verified account @kimmaicutler 27 Jul 2018
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    Kim-Mai Cutler Retweeted woolie

    Why don’t developers build affordable housing? Because it’s mathematically impossible given land, labor and permitting costs. Taxpayers or “luxury” housing can cross-subsidize a nominal # of affordable units.https://twitter.com/woolie/status/1022918737068838912 …

    Kim-Mai Cutler added,

    woolie @woolie
    Currently it costs $750,000 to construct a single affordable apartment in San Francisco. http://www.socketsite.com/archives/2018/07/timing-and-cost-of-affordable-family-housing-to-rise-in-mission-bay.html …
    Show this thread
    2:54 PM - 27 Jul 2018
    • 38 Retweets
    • 177 Likes
    • Karl D Benjamin Ulloa🏠 irinatag Brett Ed Zitron andre Jacob Oppenheim Jeff Lonsdale Bilal Farooqui
    19 replies 38 retweets 177 likes
      1. Kim-Mai Cutler‏Verified account @kimmaicutler 27 Jul 2018
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        But that subsidy per housing unit is so large it’s basically the equivalent to educating a whole classroom of K-12 kids. Or covering tuition for 20 students in the University of California system. Or incarcerating 4 to 5 prisoners (yes, prison is that expensive.)

        6 replies 7 retweets 40 likes
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      2. Y‏ @medericdegoy 28 Jul 2018
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        Replying to @kimmaicutler @Nicolas_Colin

        FYI in France all cities have a 20% mandatory surface reserved for social housing. And it costs 950€/SQ.m. to build highly energy-efficient buildings by an architect (excl. land cost). (French salary isn't the weakest). So ?

        1 reply 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 28 Jul 2018
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        Replying to @medericdegoy @Nicolas_Colin

        We’d have to rebuild a culture of social housing in America. Hasn’t been going well since the early 1980s or so. https://www.nytimes.com/2018/07/27/us/politics/hud-affordable-housing-crisis.html …

        2 replies 0 retweets 3 likes
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      1. Dennis Wingo‏ @wingod 27 Jul 2018
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        Replying to @kimmaicutler

        Yes, its always easy to spend someone else's money.

        0 replies 1 retweet 3 likes
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      1. Roland Li‏ @rolandlisf 27 Jul 2018
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        Replying to @kimmaicutler

        Good insights: https://www.strongtowns.org/journal/2018/7/25/why-are-developers-only-building-luxury-housing …

        0 replies 1 retweet 11 likes
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      1. Jeff Grenz‏ @JeffGrenz 27 Jul 2018
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        Replying to @kimmaicutler

        Sure. Are there enough lux units left to build to subsidize affordables? Of course not. Try looking at the cause of the housing shortage and repair that.

        0 replies 0 retweets 2 likes
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      1. George Nixon‏ @georgenixon 27 Jul 2018
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        Replying to @kimmaicutler

        Is there a baseline cost per door or per sf?

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      1. Agent F‏ @_ideator_ 27 Jul 2018
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        Replying to @kimmaicutler

        Hybrid "luxury & access to first home" projects are a viable alternative for developers and municipal governments. Also quite successful in cities where they are implemented.

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      1. Kevin Riggle‏ @kevinriggle 27 Jul 2018
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        Replying to @kimmaicutler

        And which of these three could legislation affect, hmm 🤔

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      1. Wear Your Damn Mask‏ @moids 27 Jul 2018
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        Replying to @kimmaicutler

        Triple the property tax on absentee owners. Use money to subsidize affordable housing. And yes, keep working out these system inefficiencies #SFisaJoke

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