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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. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @kimmaicutler @adamnash

      Not sure what cycles you're citing. The bust of the first dot com boom meant lots of people who moved here for that left. The economy shrank, budgets too, but the Bay Area became more affordable. Long term, austerity here is more tied to decreased tax rates than economic cycles.

      1 reply 1 retweet 1 like
    2. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Mar 2019
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      Replying to @DaveId @adamnash

      Cycles of tax revenue and govt funding. Yeah, OK so the Bay Area was temporarily more affordable for like 5 years.

      2 replies 0 retweets 0 likes
    3. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @kimmaicutler @adamnash

      My point was partly a question about what you meant by "every cycle" and what exactly is permanently "crammed down" by these cycles each time. Partly, it was to broaden the historical time frame and see if stepping back influenced/informed that perspective.

      1 reply 0 retweets 0 likes
    4. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @DaveId @kimmaicutler @adamnash

      The piece feels to me like someone who stuck their toe in the water in california, historically speaking, throws around some numbers to make it seem more informed than it is, and declares for the 9000th time that California will soon fall into the sea.

      1 reply 0 retweets 0 likes
    5. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @DaveId @kimmaicutler @adamnash

      Dot com boom seemed unsustainable (and it was) with rents outpacing incomes. My 1-br rent jumped from $600/mo to $1400 with greedy landlord and I had to leave oakland for elsewhere in East Bay until bubble burst, my income increased, and suitable alternative found.

      1 reply 0 retweets 0 likes
    6. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @DaveId @kimmaicutler @adamnash

      I know someone who in 2018 was priced out of Nashville, TN of all places under similar circumstances. Urban areas all going through similar things now, if not to the same degree as Bay Area, LA, and NYC.

      1 reply 0 retweets 0 likes
    7. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @DaveId @kimmaicutler @adamnash

      In the 1970s, homeowners in California were freaking out about unsustainable property tax increases, and that was exploited to pass #Prop13 (keep grandma in her house) which extended infinite tax savings to corporations like PG&E with large land holdings.

      1 reply 1 retweet 2 likes
    8. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @DaveId @kimmaicutler @adamnash

      While capitalistic boom and bust cycles can be especially cruel -- austerity after dot com bust or foreclosure crisis which hit Oakland in an unprecedented and devastating way or even today's tech boom -- I'd argue much of what ails the state is structural/longer term.

      2 replies 0 retweets 0 likes
    9. Occupy the Port  🌹 #4aPeoplesParty‏ @occupytheport 12 Mar 2019
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      Replying to @DaveId @kimmaicutler @adamnash

      So what happens when this cycle turns down?

      1 reply 0 retweets 0 likes
    10. Dave Id‏ @DaveId 12 Mar 2019
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      Replying to @occupytheport @kimmaicutler @adamnash

      Based on history, people move back to wherever, rents drop or at least stop rising, commercial vacancies increase, building boom stops. Austerity for everyone except cops/prisons. Not sure about companies that scooped up thousands of houses after foreclosure crisis. That's new.

      1 reply 0 retweets 1 like
      Kim-Mai Cutler‏Verified account @kimmaicutler 12 Mar 2019
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      Replying to @DaveId @occupytheport @adamnash

      Are you talking about REO to rental or workers who bought homes

      1:00 PM - 12 Mar 2019
      1 reply 0 retweets 0 likes
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        2. Dave Id‏ @DaveId 12 Mar 2019
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          Replying to @kimmaicutler @occupytheport @adamnash

          I imagine workers who bought homes would be more likely to stay. But the last point was about REO to rental, I suppose. Will these mega- landlords forever own insane amounts of housing? Will they collapse or sell off if rental market drops? There's no precedent, hard to predict.

          1 reply 0 retweets 0 likes
        3. Occupy the Port  🌹 #4aPeoplesParty‏ @occupytheport 12 Mar 2019
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          Replying to @DaveId @kimmaicutler @adamnash

          if they do sell off, then laws should be passed to ban and/or limit 'investing" in housing. Strict limits on foreign buyers coupled with high fees. Same for strict limits on amount of units that can be privately owned.

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