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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 22 Oct 2018
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      Kim-Mai Cutler Retweeted

      If you came to San Francisco in the 1970s and 1980s "when it was cool" and are complaining about how tech has ruined the city and you're only paying a few grand in property tax a year on $2M+ in home equity, ask yourself... how does my city pay for things? https://t.co/aKTc21qCR0 

      Kim-Mai Cutler added,

      This Tweet is unavailable.
      35 replies 155 retweets 692 likes
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    2. Lindsey McBride‏ @Lindsey_McBride 22 Oct 2018
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      Replying to @kimmaicutler @TimOBrien

      @kimmaicutler Home equity isn't cash. You really only realize the gain when you sell. How does that help someone, low income or elderly stay in their home?

      4 replies 0 retweets 3 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 22 Oct 2018
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      Replying to @Lindsey_McBride @TimOBrien

      Have you ever heard of a HELOC? Refinancing? Cash-out refinancing? Borrowing against it to buy other assets?

      1:44 PM - 22 Oct 2018
      • 28 Likes
      • Theo, Yes on Prop 15 this November Meg-han 🦀 Loren Baxter j. domenig Vinny Eng Gordon Mohr ꧁👁👁꧂ Jeremy Vote Yes on California Prop 15 Biden/Harris
      10 replies 0 retweets 28 likes
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        2. Lindsey McBride‏ @Lindsey_McBride 22 Oct 2018
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          Replying to @kimmaicutler @TimOBrien

          Of course I've heard of those options. There are others as well. Doesn't address the actual issue. Would be better to end subsidies to attract businesses that end up starving public budgets.

          2 replies 0 retweets 1 like
        3. AndThe JokeContinues‏ @JokeContinues 22 Oct 2018
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          Replying to @Lindsey_McBride @kimmaicutler @TimOBrien

          Prop 13 is needed for elderly.. but homeowners should be held responsible for property taxes once they sell the house.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Lindsey McBride‏ @Lindsey_McBride 22 Oct 2018
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          Replying to @kimmaicutler @TimOBrien

          Where I live in PDX there's incompetence across levels of government to subsidize wealthy developers & many ways already wealthy homeowners get subsidies. 10 yr prop tax freeze in historic neighborhood etc. Starves schools & subsidizes renovation owners would have done anyway.

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        2. Sung Lee‏ @Sungwookieboy 22 Oct 2018
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          Replying to @kimmaicutler @Lindsey_McBride @TimOBrien

          We did decide this matter with prop 13 in CA back when we didn’t wanted grandma to sell the family home because she couldn’t pay the property taxes with her fixed income.

          0 replies 0 retweets 0 likes
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        1. Rishab Aiyer Ghosh‏ @r2g2 22 Oct 2018
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          Replying to @kimmaicutler @Lindsey_McBride @TimOBrien

          I see proposals to abolish prop 13, but have there been proposals to simply treat the equity value used for loans as the tax base? It would counter the argument that owners aren’t benefiting from their increased home equity so they shouldn’t have to pay more tax.

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        1. Bobby‏ @H2oBoyBoucher 22 Oct 2018
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          Replying to @kimmaicutler @Lindsey_McBride @TimOBrien

          While valid, that is a horrible suggestion. Most meaning almost all would not be wise to tap those lifelines. To clarify another point the percentage be of people living in SF paying a few grand in property taxes is close to zero and I'm probably being generous with that guess

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        1. Ben Barenholtz‏ @therealbenbare 22 Oct 2018
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          Replying to @kimmaicutler @Lindsey_McBride @TimOBrien

          If you want to see cashed out home equity in action spin through Redwood City. modest houses enormously inflated, all with at least three 60k+ cars in the driveway, Audi’s, BMWs, Mercedes and fancy trucks. if you talk to them, most aren’t in tech just reaping the benefits.

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        1. Paul Mohme‏ @pmohme 22 Oct 2018
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          Replying to @kimmaicutler @Lindsey_McBride @TimOBrien

          A lot of folks did so in the years prior to 2008...how'd that turn out?

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        2. Mark Cathcart‏ @cathcam 23 Oct 2018
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          Replying to @kimmaicutler @Lindsey_McBride @TimOBrien

          and a HELOC specifically doesn't help someone on low income, you have to be able to make the interest payments. I'm with you in general, this is not a solution though.

          1 reply 0 retweets 1 like
        3. Lindsey McBride‏ @Lindsey_McBride 23 Oct 2018
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          Replying to @cathcam @kimmaicutler @TimOBrien

          Right - and you have to live somewhere - so it isn't a feasible solution for many people.

          0 replies 0 retweets 0 likes
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