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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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    Two-way (sending and receiving) short codes:

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    Kim-Mai Cutler‏Verified account @kimmaicutler 31 Oct 2018
    • Report Tweet
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    Kim-Mai Cutler Retweeted Jon Coupal

    “O, sorry, the property tax cap we gave ourselves got priced into more expensive housing, indebting you for the rest of your lives with 10X price-to-income ratios on housing. Now can you plz extend this tax break for us? We’ll leave, but we’ll bankrupt your schools. Kthxbye!” 💋https://twitter.com/joncoupal/status/1057689947719626752 …

    Kim-Mai Cutler added,

    Jon Coupal @joncoupal
    A big reason why Prop 5 deserves a Yes vote. "How Prop 5 May Bring Back Kids." http://www.foxandhoundsdaily.com/2018/10/prop-5-may-bring-back-kids/ …
    11:29 AM - 31 Oct 2018
    • 15 Retweets
    • 136 Likes
    • oh wow Jon Geeting j. domenig Pete Roberto Greco Mike Chen 陳懋華 cory fuller Thomas Rogers Christopher Langford
    5 replies 15 retweets 136 likes
      1. New conversation
      2. Rob Frances‏ @RFrances2 31 Oct 2018
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        Replying to @kimmaicutler

        (Roughly guessing for SF) 1980: 80% AMI dual income= $75K x 4 = $300K house price 2018: 80% AMI dual income= $300K x 5 = $1,500K The ratio is up, but maybe not so dramatically. Also, faster planes & worldwide Intl Airports make it much easier for wealthy to buy CA pied-à-terres.

        1 reply 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 31 Oct 2018
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        Replying to @RFrances2

        Bay Area home prices were 4X incomes in the late 70s/early 80s so your ratio is off.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Juggalos For Responsible Flushing 🔰 🌇‏ @ebarcuzzi 31 Oct 2018
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        Replying to @kimmaicutler

        If you restrict supply all this stuff just gets added to the price, prop 13 protections, mortgage interest deduction, low-income buyer programs, etc

        1 reply 0 retweets 1 like
      3. Ian Monroe Voting Yes On Prop 15‏ @eean 31 Oct 2018
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        Replying to @ebarcuzzi @kimmaicutler

        I mean even if you don't. Even in a healthy housing market property tax lowers house prices and the MID increases the sticker cost of houses.

        1 reply 0 retweets 1 like
      4. 2 more replies
      1. If you meet 60+-year-olds, quarantine like one‏ @poiThePoi 31 Oct 2018
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        Replying to @kimmaicutler

        To put that in perspective... A career for educated college grads is 40-45 years. Taxes are 16-18 at Bay Area incomes. 24-27 10x income is actually 20 years of income because mortgage. So a house in the Bay Area is 70-80% of take-home income. Hope you didn't like saving!

        0 replies 0 retweets 1 like
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      1. ManMo‏ @manar0808 31 Oct 2018
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        Replying to @kimmaicutler

        SNARK

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Jose‏ @jvillalobos 31 Oct 2018
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        Replying to @kimmaicutler

        Serious question - I get how prop 5 is horrible for tax revenues across the state but unsure of the specific reason why it’d rank local school revenues. Where can I find more on that?

        2 replies 0 retweets 0 likes
      3. Adam Prewett‏ @prewett 31 Oct 2018
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        Replying to @jvillalobos @kimmaicutler

        If someone moves into an area of lower cost, they actually get their tax basis lowered. So it allows someone to buy a 500k house in Fresno but pay taxes as if it's <100k

        0 replies 0 retweets 4 likes
      4. End of conversation

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