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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 29 Jul 2019
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      Kim-Mai Cutler Retweeted Emily Badger

      It’s absurd that SF spends so much time arguing over the allocation of the ~2,000 we units we build a year while owners of the existing ~400K housing units generally see their assets appreciate by $130 *billion* a year. https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …https://twitter.com/emilymbadger/status/1155817124541206528 …

      Kim-Mai Cutler added,

      Emily BadgerVerified account @emilymbadger
      I had so much fun talking to developers (and other people) about why everyone hates them: https://www.nytimes.com/2019/07/29/upshot/developer-dirty-word-housing-shortage.html …
      8 replies 70 retweets 303 likes
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    2. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jul 2019
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      That extra $130B in appreciation/year doesn’t reflect that that existing housing is becoming more productive or efficient at housing people. It’s just the same thing, but more expensive. Aggregate value of residential real estate in SF is now $1.6 trillionhttps://www.zillow.com/research/california-leads-housing-gains-22600/ …

      3 replies 5 retweets 65 likes
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    3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jul 2019
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      Every time existing housing gets more expensive, it means new renters have to pay more per month on leases or new buyers have to pay more per month on mortgages and the city has to spend more per month on rapid re-housing subsidies or land to build affordable housing.

      2 replies 5 retweets 75 likes
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    4. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jul 2019
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      Against this backdrop of existing residential property owners seeing their assets appreciate by $100-130 billion a year, SF runs one $600 million affordable housing bond every five years to offset the impact for non-owning lower-income households? https://www.sfchronicle.com/bayarea/amp/SF-voters-to-decide-600-million-affordable-14084026.php …

      1 reply 6 retweets 45 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jul 2019
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      Anyway... Proooooop. 13 means the tax assessments on existing housing do not keep up with the costs of servicing residents with schools, fire and police so cities resort to a kludgy, ad-hoc process of extracting revenue from new housing and development. https://lao.ca.gov/Publications/Report/3497#Did_Proposition.A013_Increase_Fees_on_Developers.3F_ …

      9:31 AM - 29 Jul 2019
      • 11 Retweets
      • 88 Likes
      • Ayesha Umar عائشہ عمر William Baughman Andy Brody Senior Data Magician SFCRE🇲🇽 Naval Michael Wang Ludovic Landry EIIiot
      9 replies 11 retweets 88 likes
        1. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jul 2019
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          Kim-Mai Cutler Retweeted Zane Selvans (⧖)

          This.https://twitter.com/zaneselvans/status/1155910348014280706?s=21 …

          Kim-Mai Cutler added,

          Zane Selvans (⧖) @ZaneSelvans
          All the *real* money is in sitting around doing absolutely nothing with the housing that already exists. https://twitter.com/kimmaicutler/status/1155875880607965184 …
          1 reply 1 retweet 27 likes
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        2. Nathan Heller‏Verified account @nathanheller 29 Jul 2019
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          Replying to @kimmaicutler

          How would you answer the idea that it's six/half a dozen because, in places like SF, Prop. 13 keeps middle-income (if house-rich) hangers-on in town and thus slows wealth-washing—preserving more diversity of interests at the polls (and elsewhere) than you'd get post-reassessment?

          1 reply 0 retweets 0 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jul 2019
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          Replying to @nathanheller

          There are many diverse, Blue states that don't have California's property tax system?

          1 reply 0 retweets 3 likes
        4. 6 more replies
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        2. Eric Tucker‏ @SF_Transit_News 29 Jul 2019
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          Replying to @kimmaicutler

          A major potential downside of repealing prop 13 now would be landlords passing the tax increases onto renters of older apartments and single family homes. Could lead to massive rent hikes and displacement. A statewide annual rent increase cap would need to be implemented first

          2 replies 0 retweets 0 likes
        3. Eric Tucker‏ @SF_Transit_News 30 Jul 2019
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          Replying to @SF_Transit_News @kimmaicutler

          @kimmaicutler Have you heard of any talk to mitigate this? If my landlords annual property tax doubles from $12k to $24k, they are going to want to increase my rent by $1000/mo to maintain their profit margin. An example of how once a policy is in place, hard to ever repeal.

          2 replies 0 retweets 0 likes
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        2. Next door in Silicon Valley‏ @nextdoorsv 29 Jul 2019
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          Replying to @mattschaar @kimmaicutler

          Next door in Silicon Valley Retweeted Next door in Silicon Valley

          Not just SF... up and down the Peninsula as well... possibly all of California.https://twitter.com/nextdoorsv/status/1006341631929245697 …

          Next door in Silicon Valley added,

          Next door in Silicon Valley @nextdoorsv
          EXPERTS: Birthrates are declining. MILLENNIALS OF SILICON VALLEY: Between mortgage payments, property tax payments, and mandatory donations to public schools to pay for things like oh you know math teachers, student loan payments, we could really use some help here! BOOMERS: pic.twitter.com/l6gWgFLkX6
          0 replies 0 retweets 1 like
        3. End of conversation
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        2.  🍳 🦋 💋America is using COVID for genocide‏ @eggsbuttersugar 29 Jul 2019
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          Replying to @kimmaicutler

          the old eat the young

          1 reply 0 retweets 1 like
        3. Next door in Silicon Valley‏ @nextdoorsv 29 Jul 2019
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          Replying to @eggsbuttersugar @kimmaicutler

          Next door in Silicon Valley Retweeted Next door in Silicon Valley

          Well, old call themselves the "alpha species" so...https://twitter.com/nextdoorsv/status/1121847740554776576 …

          Next door in Silicon Valley added,

          Next door in Silicon Valley @nextdoorsv
          BREAKING NEWS: Long time Palo Alto explains that millenials shouldn't think about living in Palo Alto because of the laws of nature and that obviously baby boomers are the alphas from now until eternity and this is just how us human animals operate because science! pic.twitter.com/4WetSQB5YS
          Show this thread
          0 replies 0 retweets 0 likes
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        2. Ben Munson‏ @archaica 29 Jul 2019
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          Replying to @kimmaicutler

          Boy do they; I pay ridiculous taxes so my neighbors who’ve lived here longer can pay less than me. That totally makes sense. And everyone just accepts it as part of the natural order.

          2 replies 0 retweets 5 likes
        3. Ben Munson‏ @archaica 29 Jul 2019
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          Replying to @archaica @kimmaicutler

          And don’t get me wrong, I am not an anti-tax crusader by any means. However when I pay 3x the tax of someone whose house is 4x the value, and we have a dysfunctional culture that eats taxes in years of planning and property costs to do anything for improvements, something stinks

          1 reply 0 retweets 3 likes
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