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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. Aaron Erickson  🥑‏ @AaronErickson 10 Oct 2019
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      Replying to @kimmaicutler @bedwardstiek @jared_ellias

      My plan: red flag the uninsurable areas, like we would if a building isn’t up to code. Let some foreclosures happen. Yes, that means some people will see the downside to buying real estate in a fire zone. Such ppl will just need to get over it.

      2 replies 0 retweets 3 likes
    2. Richard Mehlinger  🚴 💗 💜 💙 🌇‏ @rf_mehlinger 10 Oct 2019
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      Replying to @AaronErickson @kimmaicutler and

      Red-tagging homes in fire-prone areas is both unjust and likely unconstitutional. This is not something people will "get over"--it will destroy ordinary people's savings.

      3 replies 1 retweet 2 likes
    3. Aaron Erickson  🥑‏ @AaronErickson 10 Oct 2019
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      Replying to @rf_mehlinger @kimmaicutler and

      Real estate investment is supposed to have risk. That’s why the return on it is higher. Maybe homeowners that bought property in fire prone areas didn’t get the memo.

      2 replies 0 retweets 2 likes
    4. Richard Mehlinger  🚴 💗 💜 💙 🌇‏ @rf_mehlinger 10 Oct 2019
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      Replying to @AaronErickson @kimmaicutler and

      Risk is one thing. The state condemning homes without compensation is quite another. It's cruel, it's unjust, it's likely unconstitutional, and it will be deeply unpopular. This is not what YIMBY is or should be about.

      2 replies 0 retweets 3 likes
    5. Aaron Erickson  🥑‏ @AaronErickson 10 Oct 2019
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      Replying to @rf_mehlinger @kimmaicutler and

      To be fair, maybe eminent domain then? My own position, not a YIMBY one, is that we can’t have this “heads I win, tails you lose” thing happening with real estate speculation.

      2 replies 0 retweets 3 likes
    6. Richard Mehlinger  🚴 💗 💜 💙 🌇‏ @rf_mehlinger 10 Oct 2019
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      Replying to @AaronErickson @kimmaicutler and

      Eminent domain is the appropriate tool here. Unfortunately it's expensive. If only we as a state had an effective way to raise property taxes. I think there is also a fundamental problem here, in that the rules have changed. People were for decades told to buy a home, it's safe.

      2 replies 0 retweets 2 likes
    7. Richard Mehlinger  🚴 💗 💜 💙 🌇‏ @rf_mehlinger 10 Oct 2019
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      Replying to @rf_mehlinger @AaronErickson and

      After all, even in a recession, the land won't go to zero value. And what counts as a "fire-prone area" has changed dramatically. Areas that did not used to be now are, and the fires that we're getting are far more intense, as a result of climate change.

      2 replies 0 retweets 0 likes
    8. Richard Mehlinger  🚴 💗 💜 💙 🌇‏ @rf_mehlinger 10 Oct 2019
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      Replying to @rf_mehlinger @AaronErickson and

      https://www.latimes.com/projects/la-me-sea-level-rise-california-coast/ … gets at this real well, though for water, not fire.

      1 reply 0 retweets 2 likes
    9. Aaron Erickson  🥑‏ @AaronErickson 10 Oct 2019
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      Replying to @rf_mehlinger @kimmaicutler and

      I agree some of these folks could be considered victims of climate change. But there are plenty of others who just made lousy bets. And not sure how doing a mass bailout of such people doesn’t lead to them taking on more risk.

      2 replies 0 retweets 1 like
    10. Kim-Mai Cutler‏Verified account @kimmaicutler 10 Oct 2019
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      Replying to @AaronErickson @rf_mehlinger and

      I think your suggestion ignores the political feasibility of your idea. Who would run on that campaign pledge, especially representing those districts in California? Would they actually win? No.

      1 reply 0 retweets 2 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 10 Oct 2019
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      Replying to @kimmaicutler @AaronErickson and

      America in general likes to defer hard distributional questions it can't process in its political system to the "private sector," AKA in this situation, it's likely the insurance industry that will decide where people live going forward.

      3:09 PM - 10 Oct 2019
      • 3 Likes
      • Mike Chowla Keith - Ask me if Prop 15 is right for you ANTIFA LLC supports Prop 15 and more homes!
      1 reply 0 retweets 3 likes
        1. New conversation
        2. Aaron Erickson  🥑‏ @AaronErickson 10 Oct 2019
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          Replying to @kimmaicutler @rf_mehlinger and

          This is why I make these statements as someone who, if I ran for office, would probably not win because of these tweets ;) We'll be lucky to not end up with a massive "free insurance for homeowner millionaires" bailout. More $$$ from renters in cities->owners as a result.

          1 reply 0 retweets 1 like
        3. Aaron Erickson  🥑‏ @AaronErickson 10 Oct 2019
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          Replying to @AaronErickson @kimmaicutler and

          Watch for home insurability to crush prices in affected areas, and for owners in said areas to demand bailouts to "make them whole".

          1 reply 0 retweets 1 like
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