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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. working from home‏ @eric_young_1 Jan 7
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      Replying to @jhscott @kimmaicutler

      I believe low-income/homeless were pushed-out of housing market long time ago... and it will take a long time to get them back (it will be very costly and see little benefit/upside) The immediate crisis facing the Bay Area is lack of overall housing for current workers (techies)

      2 replies 0 retweets 0 likes
    2. Jacob‏ @jhscott Jan 7
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      Replying to @eric_young_1 @kimmaicutler

      🤔 why is there little upside for low income housing and why are techies a crisis? If anything, techies are more resilient due to their earning power.

      1 reply 0 retweets 1 like
    3. working from home‏ @eric_young_1 Jan 7
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      Replying to @jhscott @kimmaicutler

      there's less little upside for the city (financially). Net-net, low-income/homeless costs the city/taxpayers in aggregate.... Vs younger techies (non executive level).... that have an entire lifetime of future buying power & tax revenue.... plus future family

      1 reply 0 retweets 0 likes
    4. working from home‏ @eric_young_1 Jan 7
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      Replying to @eric_young_1 @jhscott @kimmaicutler

      though please not, I'm arguing against helping low-income/homeless housing... I'm arguing the market will eventually provide relief to all income groups.... as the overall supply of housing continues to increase Right now, middle-income workers (techies) are forced to flee

      2 replies 0 retweets 0 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler Jan 7
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      Replying to @eric_young_1 @jhscott

      Not going to work. It’s like $900K to build a new unit in SF (assuming mid-rise density). You can never make those numbers work for working-class people. That said building enough housing to accommodate pop growth can relieve reverse filtering pressure on existing housing stock.

      3 replies 0 retweets 2 likes
    6. Jacob‏ @jhscott Jan 7
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      Replying to @kimmaicutler @eric_young_1

      Housing policy in SFBA/CA is wonky and should be fixed but I reject framing the discussion financially and claiming tech workers are better for the city than teachers, police, bus drivers... not the least bc financialization helped get us here (NIMBY desire for real estate 📈)

      2 replies 0 retweets 1 like
    7. working from home‏ @eric_young_1 Jan 7
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      Replying to @jhscott @kimmaicutler

      let me rephrase, techies as a class are not 'better' than lower-income service workers - in terms of valuing them as persons What I'm arguing is that class got priced out years/decades ago - and left ages ago. Right now, the crisis is on essentially sub $90-150K younger workers

      1 reply 0 retweets 0 likes
    8. working from home‏ @eric_young_1 Jan 7
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      Replying to @eric_young_1 @jhscott @kimmaicutler

      because this class of workers are young and made $90-150.... losing them is really really bad. Not only for the city/county. But also for the state CA needs to focus on building more housing full stop. Not limit by singularly focus on low-income/homeless housing only as prerequi

      2 replies 0 retweets 0 likes
    9. Jacob‏ @jhscott Jan 7
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      Replying to @eric_young_1 @kimmaicutler

      CA needs to build more housing full stop. Losing talented high earners is bad for the states tax base and bad for creation of a vibrant state. Cities with a steady state underclass of workers who can’t afford to live there is also bad / in tension with our values.

      1 reply 0 retweets 2 likes
    10. working from home‏ @eric_young_1 Jan 7
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      Replying to @jhscott @kimmaicutler

      agreed. That is my argument overall. Which is why I support that upcoming prop E: tying housing with new office construction CA shouldn't limit new housing to only low-income/homeless. That's not the crisis. Instead focus on overall new housing and to stop fleeing tech workers

      1 reply 0 retweets 0 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler Jan 7
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      Replying to @eric_young_1 @jhscott

      That’s not what this is doing. It’s not shifting anymore resources or effort into housing. It’s just effectively limiting new job growth in SF, which will mean Big Tech workers will crowd everyone else out and still be able to bid up housing costs.

      7:12 PM - 7 Jan 2020
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        2. Kim-Mai Cutler‏Verified account @kimmaicutler Jan 7
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          Replying to @kimmaicutler @eric_young_1 @jhscott

          It makes the city like Palo Alto, extremely exclusive and increasingly irrelevant to new company formation. Just all big tech executives and middle management.

          1 reply 0 retweets 0 likes
        3. working from home‏ @eric_young_1 Jan 7
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          Replying to @kimmaicutler @jhscott

          Singularly focusing on limiting new housing development to low-income/homeless -who left the housing market decades ago -would exacerbate that problem (big tech and ultra rich exclusivity) because the current crisis would continue: people fleeing now would have no relief in sight

          2 replies 0 retweets 0 likes
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        2. working from home‏ @eric_young_1 Jan 7
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          Replying to @kimmaicutler @jhscott

          I disagree. Limiting office development is a negative incentive on city taxes. Which also negatively affects existing housing value (existing owners/constituents) because it negatively affects job growth (which also negatively affects rental market)

          1 reply 0 retweets 0 likes
        3. working from home‏ @eric_young_1 Jan 7
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          Replying to @eric_young_1 @kimmaicutler @jhscott

          Would it be best if new housing development wasn’t tied to office development? Yes We need new/more housing independent of office development This prop isn’t perfect. But I think it’s next best available alternative

          0 replies 0 retweets 0 likes
        4. End of conversation

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