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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 11 Jul 2019
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      Kim-Mai Cutler Retweeted Kim-Mai Cutler

      Again, SF’s planning department reviews more projects than any other major city in the US, and five times as many projects as New York City, because discretionary review is embedded in the charter.https://twitter.com/kimmaicutler/status/1148317151570251776?s=21 …

      Kim-Mai Cutler added,

      Kim-Mai CutlerVerified account @kimmaicutler
      As a result of this unique process, SF's planning department reviews *FIVE* times as many projects as New York's planning department does every single year, according to the SF planning department head: https://www.planetizen.com/node/81148/crises-and-innovation-converge-san-francisco-planning-director-john-rahaims-watch … pic.twitter.com/uGhQvqLM5q
      Show this thread
      2 replies 8 retweets 55 likes
      Show this thread
    2. Kim-Mai Cutler‏Verified account @kimmaicutler 11 Jul 2019
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      Kim-Mai Cutler Retweeted Robert Fruchtman

      It costs the city and taxpayers more to build middle-income housing than it does to build low- and very-low-income housing.https://twitter.com/_fruchtose/status/1149372720200572928?s=21 …

      Kim-Mai Cutler added,

      Robert Fruchtman @_fruchtose
      The City is nowhere close to meeting its middle income RHNA goal. Middle-income units cost an extra $100K extra per project, because SF can't access federal funds and other money for low-income housing.
      Show this thread
      1 reply 3 retweets 36 likes
      Show this thread
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 11 Jul 2019
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      Now Aaron Peskin is defending SF's housing process, saying how great it is, and is citing MEDA, which originally opposed @scott_wiener's SB35 and then used it.... to bypass SF's process! 🙃https://www.sfchronicle.com/politics/article/Mission-housing-project-invokes-law-to-exchange-12815332.php …

      5 replies 0 retweets 58 likes
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    4. Kim-Mai Cutler‏Verified account @kimmaicutler 11 Jul 2019
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      Kim-Mai Cutler Retweeted Sam Moss

      .@SandraLeeFewer, the supervisor who represents the Richmond District, said that real San Franciscans don't earn more than $60K a year.https://twitter.com/sammymoss425/status/1149379380780490752 …

      Kim-Mai Cutler added,

      Sam Moss @sammymoss425
      Sssooooooo @SandraLeeFewer just said I wasn’t a real San Franciscan. That happened. It’s not even lunch time.
      7 replies 4 retweets 53 likes
      Show this thread
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 11 Jul 2019
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      It turns out that she just sold one of the at least three houses that she owns in SF. Bought for $440K, listed for $1.8M. Now in contingency. Someone making $60K a year could definitely not afford the mortgage implied by that price.https://www.redfin.com/CA/San-Francisco/273-Dolores-St-94103/home/955138 …

      8 replies 6 retweets 124 likes
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    6. Kim-Mai Cutler‏Verified account @kimmaicutler 11 Jul 2019
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      I hope she sold it to a non-profit, because otherwise that would be wholly inconsistent with the legislation she just passed. She also spent the morning lecturing the mayor's office on regulating human greed.http://www.sfweekly.com/news/city-grants-nonprofits-first-priority-in-building-sales/ …

      2 replies 0 retweets 80 likes
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    7. Kim-Mai Cutler‏Verified account @kimmaicutler 11 Jul 2019
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      Her legislation only applies to building with 3 or more units, so she probably has it in contract with a private buyer at a price/mortgage that implies the next set of tenants has to be substantially wealthier than the current set. https://sfmohcd.org/sites/default/files/Documents/MOH/COPA/Final%20COPA%20FAQs%20for%20Posting.pdf …

      2 replies 0 retweets 30 likes
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    8. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jul 2019
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      Yesterday, Mayor @londonbreed tried to fix SF’s broken housing approval process, where it costs more than $700K and takes more than 5 years to build one new unit of affordable housing. The Board of Supervisors, which is like SF’s city council, rejected it.https://www.sfchronicle.com/politics/article/SF-supes-kill-Breed-s-proposal-to-streamline-14089886.php …

      3 replies 15 retweets 60 likes
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    9. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jul 2019
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      Kim-Mai Cutler Retweeted London Breed

      It would've saved 6-18 months and $1.5-6M per project.https://twitter.com/LondonBreed/status/1149423374851985408 …

      Kim-Mai Cutler added,

      London BreedVerified account @LondonBreed
      Today the Board killed my Charter Amendment to streamline the creation of 100% affordable & teacher housing. It is estimated that per project it would have saved an average of 6-18 months and $1.5 to $6 million. This represents 6-22 more affordable homes per project.
      Show this thread
      1 reply 1 retweet 49 likes
      Show this thread
    10. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jul 2019
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      Sandra Lee Fewer, who is elected to represent the Richmond District on the city’s more suburban West side, excoriated @LondonBreed's policy director Andres Powers about regulating greed in order to preserve the city’s affordability yesterday morning.pic.twitter.com/4mrYthhLiB

      4 replies 9 retweets 42 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jul 2019
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      If you wanted to buy her third house off of her at the $1.8M price she listed it for sale at last month, you would need to earn at least $28,770 a month to spend no more than 30% of your income on housing, assuming 20% down. https://www.redfin.com/CA/San-Francisco/273-Dolores-St-94103/home/955138 …pic.twitter.com/LdRREsyG77

      2:44 PM - 12 Jul 2019
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      4 replies 9 retweets 88 likes
        1. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jul 2019
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          If she closes at that price or higher, her real estate investment would have appreciated by more than what 90% of Americans earn in a year for every single year she owned it.

          4 replies 3 retweets 96 likes
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        2. Kyle Huey‏ @khuey_ 12 Jul 2019
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          Replying to @kimmaicutler

          Uh, she got a 400% return in 10 years and she's talking about how other people are greedy?

          1 reply 0 retweets 6 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Jul 2019
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          Replying to @khuey_

          well we don't know what kind of return she got. We know what she was aiming for!

          1 reply 0 retweets 2 likes
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        2. 𝔇𝔞𝔯𝔯𝔢𝔩𝔩  🍫 𝔒𝔴𝔢𝔫𝔰‏ @IDoTheThinking 12 Jul 2019
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          Replying to @kimmaicutler

          $1.8 million is a human right you neoliberal

          1 reply 0 retweets 11 likes
        3. Aaron  🥑 🚈 🌲 🏀‏ @aceckhouse 12 Jul 2019
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          Replying to @IDoTheThinking @kimmaicutler

          odds that Sup Fewer would oppose taxing "middle class homeowners" making more in home equity per year than "real San Franciscans" who "deserve" housing?

          1 reply 1 retweet 6 likes
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        2. Fat Guy‏ @FatGuynaLtlCoat 12 Jul 2019
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          Replying to @kimmaicutler

          How much property tax does she pay on her third home worth that much?

          1 reply 0 retweets 0 likes
        3. jake rosenberg  🥑 🌐 Ⓥ‏ @rowborg 12 Jul 2019
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          Replying to @FatGuynaLtlCoat @kimmaicutler

          Roughly $446/month. Welcome to California, baby!!

          1 reply 0 retweets 2 likes
        4. 2 more replies

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