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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. 𝔇𝔞𝔯𝔯𝔢𝔩𝔩  🍫 𝔒𝔴𝔢𝔫𝔰‏ @IDoTheThinking 2 Apr 2019
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      𝔇𝔞𝔯𝔯𝔢𝔩𝔩  🍫 𝔒𝔴𝔢𝔫𝔰 Retweeted Jim Gleeson

      Tokyo builds more housing than the entire state of California and housing is a depreciating asset. Tokyo's population has risen more than most major U.S. cities like New York and San Francisco. De-commodification or not, supply is an *strong* factor in affordabilityhttps://twitter.com/geographyjim/status/1113328661581766656 …

      𝔇𝔞𝔯𝔯𝔢𝔩𝔩  🍫 𝔒𝔴𝔢𝔫𝔰 added,

      Jim Gleeson @geographyjim
      "Last year the average rent for a two-bedroom unit in Tokyo was slightly below $1,000 a month—a figure that has remained virtually unchanged over the past decade" https://www.wsj.com/articles/what-housing-crisis-in-japan-home-prices-stay-flat-11554210002 …
      19 replies 286 retweets 1,077 likes
      Show this thread
    2. Brian EdwardsTiekert‏ @bedwardstiek 3 Apr 2019
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      Replying to @IDoTheThinking

      Have you seen any explainers on the cost-side of building in Tokyo? My understanding is current labor, land, and material costs in the inner bay area practically make it impossible to build 2BR units that can be rented out at a profit for anywhere near $1,000/month.

      1 reply 0 retweets 3 likes
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 3 Apr 2019
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      Replying to @bedwardstiek @IDoTheThinking

      because we have allowed a lot of the wealth creation in Northern California to just get largely absorbed by underlying land values since the 1970s. Japan doesn't culturally treat housing as an appreciable asset.https://www.economist.com/finance-and-economics/2018/03/15/why-japanese-houses-have-such-limited-lifespans …

      2 replies 0 retweets 13 likes
    4. Brian EdwardsTiekert‏ @bedwardstiek 3 Apr 2019
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      Replying to @kimmaicutler @IDoTheThinking

      @markasaurus 's annual development cost calcs put land acquisition at about 20% of the unit cost on mid-rise development in San Francisco. I mean ,you could cut land costs in half and you still wouldn't be able to profitably build $1,000/month rentals.

      2 replies 0 retweets 1 like
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 3 Apr 2019
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      Replying to @bedwardstiek @IDoTheThinking @markasaurus

      how much of labor's wages are effectively reabsorbed back into land via the rents/cost of housing they have to pay?

      2 replies 0 retweets 4 likes
    6. Kim-Mai Cutler‏Verified account @kimmaicutler 3 Apr 2019
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      Replying to @kimmaicutler @bedwardstiek and

      how much of fees effectively exist to compensate for the flipside of allowing so much wealth to be absorbed underlying land values because Americans weirdly want housing to be both a good investment *and* remain affordable?

      1 reply 0 retweets 5 likes
    7. nancy pelosi's endorsements guy 🌹‏ @uhshanti 3 Apr 2019
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      Replying to @kimmaicutler @bedwardstiek and

      right, and the whole point of decommodification is rooted in the idea that housing being a good investment and a universal right are completely incompatible

      2 replies 1 retweet 7 likes
    8. nancy pelosi's endorsements guy 🌹‏ @uhshanti 3 Apr 2019
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      Replying to @uhshanti @kimmaicutler and

      saying “but Tokyo” isn’t necessarily the gotcha rejoinder to American decommodificationists that some people like to think it is

      2 replies 0 retweets 0 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 3 Apr 2019
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      Replying to @uhshanti @bedwardstiek and

      I think Tokyo is very interesting, as an also seismically active, dense, urban part of the world, but it also assumes lots of really profound cultural, legal and financial changes in the structure of the US, which has been a property rights centric democracy for almost 250 years

      1 reply 0 retweets 7 likes
    10. nancy pelosi's endorsements guy 🌹‏ @uhshanti 3 Apr 2019
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      Replying to @kimmaicutler @bedwardstiek and

      yes!! thank you!! I feel like I'm taking crazy pills

      3 replies 0 retweets 1 like
      Kim-Mai Cutler‏Verified account @kimmaicutler 3 Apr 2019
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      Replying to @uhshanti @bedwardstiek and

      you're not taking crazy pills. But both mass-scale social housing (as in way 10X+ larger than the 1930-1970s period) & Japan style decommodification are totally foreign to the way this country has culturally operated at every level for centuries.

      12:39 PM - 3 Apr 2019
      • 4 Likes
      • nick Jordan Grimes Juggalos For Responsible Flushing🔰🌇 nancy pelosi's endorsements guy🌹
      1 reply 0 retweets 4 likes
        1. New conversation
        2. nancy pelosi's endorsements guy 🌹‏ @uhshanti 3 Apr 2019
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          Replying to @kimmaicutler @bedwardstiek and

          you'll find zero disagreement with that here. people's arguments have become slightly more sophisticated since then, but Tokyo is often invoked to describe the endpoint of what would happen if we simply eliminated American zoning laws. at least in my menshies it was

          1 reply 0 retweets 0 likes
        3. nancy pelosi's endorsements guy 🌹‏ @uhshanti 3 Apr 2019
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          Replying to @uhshanti @kimmaicutler and

          also, I believe the Japanese government is trying to stimulate homebuying, which is stagnating because buyers don't see any value in it. I'll have to dig up the report, but it's interesting if they are trying to make housing *into* an investment vehicle

          1 reply 0 retweets 1 like
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