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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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    Kim-Mai Cutler‏Verified account @kimmaicutler 3 Jul 2019
    • Report Tweet
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    Kim-Mai Cutler Retweeted Roland Li

    “A new apartment in the Bay Area costs about $700K to build.... The price tag on 20,000 units could be more than $14B. That would be a major chunk of Google’s cash on hand. Parent company Alphabet had $136.8B in revenue last year and reported $109.1B in reserves.”https://twitter.com/rolandlisf/status/1145725171229024256 …

    Kim-Mai Cutler added,

    Roland Li @rolandlisf
    Google has committed $1 billion to help build 20,000 Bay Area homes over the next decade. But the total cost could exceed $14 billion* – here's how they could get there: https://www.sfchronicle.com/business/article/Google-wants-to-build-20-000-homes-It-may-need-14062529.php# … *corrected
    2:05 AM - 3 Jul 2019
    • 6 Retweets
    • 30 Likes
    • RD Ogg vv e l c o m e Melissa Tsang verity freebern Alex Esber Sam Dodge Ryan Moulton 🌎🌍🌏🌡📈 Khoiril Anwar G Emberlin
    8 replies 6 retweets 30 likes
      1. New conversation
      2. Mark Rogowsky‏ @maxrogo 3 Jul 2019
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        Replying to @kimmaicutler

        In what universe is $14B a major chunk of $110B and rising ? How does any serious person accept a figure like $700K per unit ?

        1 reply 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 3 Jul 2019
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        Replying to @maxrogo

        You can read all the bond reports from the $310M Prop A bond in 2014. Every unit is around $700K. Some more, some less depending density of the project, whether the land had to be bought or publicly owned, etc. https://sfmohcd.org/2015-affordable-housing-general-obligation-bond …

        1 reply 0 retweets 1 like
      4. 6 more replies
      1. New conversation
      2. Gregory Wild-Smith‏ @GregWildSmith 3 Jul 2019
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        Replying to @kimmaicutler

        ... that seems... high

        1 reply 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 3 Jul 2019
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        Replying to @GregWildSmith

        pic.twitter.com/OdZSBFUWBL

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. New conversation
      2. Paul Roales‏ @PaulRoales 3 Jul 2019
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        Replying to @kimmaicutler

        Not sure how a reporter got the basic fact of cash on hand so wrong: It is over $110B. I guess you could call 12% ‘major’ but I wouldn’thttps://www.google.com/amp/s/amp.cnn.com/cnn/2019/02/04/investing/google-alphabet-cash-dividend/index.html …

        1 reply 0 retweets 1 like
      3. Roland Li‏ @rolandlisf 3 Jul 2019
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        Replying to @PaulRoales @kimmaicutler

        ?pic.twitter.com/QnPcs7KiU3

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Dave Roberts‏ @davesonoma 3 Jul 2019
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        Replying to @kimmaicutler

        Buying all the homes in the south bay that pay less than $1,000 in property tax and flipping them to people who will build ADUs would double the housing stock and reset the legacy Prop 13 rates. Better than new units.

        1 reply 0 retweets 4 likes
      3. Ben Munson‏ @archaica 3 Jul 2019
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        Replying to @davesonoma @kimmaicutler

        Do you propose using eminent domain? Where are these people to live? Who will pay the permits and expedite the construction of ADUs?

        1 reply 0 retweets 0 likes
      4. 1 more reply
      1. Max Cantor  🏋️‍♂️ 🛩 🐱‏ @maxcan 3 Jul 2019
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        Replying to @kimmaicutler

        How much of that cost is legal fees from permitting and environmental review?

        0 replies 0 retweets 1 like
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      1. Mike Marcantonio‏ @mtones9 3 Jul 2019
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        Replying to @kimmaicutler

        With that balance sheet they could finance the units with 100% debt.

        0 replies 0 retweets 2 likes
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