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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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    2. Kim-Mai Cutler‏Verified account @kimmaicutler 20 Jul 2019
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      Replying to @soopa

      Which part of the Bay Area do they represent? This sounds unusually high to me. What I see more of is people just moving or planning to move back into their parents’ homes when they have kids and doing some ADUs, expansions to accommodate.

      11 replies 0 retweets 43 likes
    3. Sean O'Shea‏ @EastBayBias 20 Jul 2019
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      Replying to @kimmaicutler @soopa

      Parents remortgage their house pull out a ton of cash give to the kid. I’m 40, that’s how many of my friends my age who’ve “bought” do it.

      1 reply 0 retweets 1 like
      Kim-Mai Cutler‏Verified account @kimmaicutler 20 Jul 2019
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      Replying to @EastBayBias @soopa

      Taking out a second mortgage on your home in your 60s?

      7:55 PM - 20 Jul 2019
      1 reply 0 retweets 0 likes
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        2. Gregory Wild-Smith‏ @GregWildSmith 20 Jul 2019
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          Replying to @kimmaicutler @EastBayBias @soopa

          Not a uncommon 😬

          1 reply 0 retweets 0 likes
        3. Sean O'Shea‏ @EastBayBias 20 Jul 2019
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          Replying to @GregWildSmith @kimmaicutler @soopa

          The kids then pay them back. A large percentage is written off as a gift. Also more commonly, parents take out enough to make the 20%+ down payment, which is still prohibitive for most of my peers on their own (in Oakland).

          1 reply 0 retweets 1 like
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