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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 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
      19 replies 38 retweets 177 likes
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      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.)

      2:57 PM - 27 Jul 2018
      • 7 Retweets
      • 40 Likes
      • Hayes Haugen Skip Pile David Hodge James Mishra If you meet 60+-year-olds, quarantine like one Renato Valdés Olmos Finbarr Timbers michael woods Andrea V. Brambila
      6 replies 7 retweets 40 likes
        1. New conversation
        2. Adam Messinger‏ @adam_messinger 27 Jul 2018
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          Replying to @kimmaicutler

          It is important to note that many of these costs our under our control can can be changed, if we have the political will. Certainly permitting (including carrying costs waiting on permits) can be much cheaper. And land prices can be amortized over more units if we allow density.

          1 reply 0 retweets 2 likes
        3. Rob Frances‏ @RFrances2 27 Jul 2018
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          Replying to @adam_messinger @kimmaicutler

          Land value doesn't work that way. If more units are approved (higher density), the land IMMEDIATELY increases in value. If current raw land value is $400,00 per unit, it will remain $400,000 a unit, times the higher unit density number. Want cheaper land? Tax the hell out of it.

          1 reply 0 retweets 0 likes
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        1. SherylHohman‏ @SherylHohman 27 Jul 2018
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          Replying to @kimmaicutler @mikeal

          Imagine how many people could have college degrees, affordable housing, .. via "$$ found" (debt accrued) for new farm subsidies introduced b/c of fallout from new agricultural tariffs. BTW, does the new EU soybean deal, mean the farm subsidy/bailout/bribe/fix can be Lowered?

          0 replies 0 retweets 0 likes
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        2. Brian EdwardsTiekert‏ @bedwardstiek 27 Jul 2018
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          Replying to @kimmaicutler

          At $70k/year, incarcerating one person in CA = paying the entire mortgage on 1.4 x 750k units. With an average household size of 2.2 in SF, that means you can house three people for the price of jailing one -- more, if they're contributing to payments.

          1 reply 0 retweets 1 like
        3. Brian EdwardsTiekert‏ @bedwardstiek 27 Jul 2018
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          Replying to @bedwardstiek @kimmaicutler

          Also, this author rolled the cost of constructing ground-level space for lease (to an arts organization and a childcare canter) into the purported per-unit cost of the residential units above them. Declaring the construction cost $756k/unit is bad math.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. CA SCHOOL BONDS‏ @AuhsdBond 27 Jul 2018
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          Replying to @kimmaicutler

          I tell people all time but they don't really get it. You're 100% right. Only construction is for rich people.

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        1. Tracy Saville‏ @TKSaville 27 Jul 2018
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          Replying to @kimmaicutler

          Rarely do people unbind the logical costs of the problem: we need to restructure the policies and the cost components. We can do that if we’re not tied to obstructing the status quo. Thanks for talking plainly about the details. Are you active in that pursuit?

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