This basically seals the deal that San Francisco is going to be a Big Tech town going forward; if you are a mid-size company or smaller, you need to pick another city or go remote (if you haven't likely done that already).https://twitter.com/MLNow/status/1214242370478170113 …
-
Show this thread
-
Big Tech is already fueling a lot of the leasing in the city, pushing other cos out. With this effective office space ban likely to pass and existing commercial real estate operators agreeing to it to enhance their pricing oligopoly, you get the idea.... https://product.costar.com/home/news/shared/1457689812 …pic.twitter.com/Rj0d6iuFeQ
3 replies 11 retweets 82 likesShow this thread -
Kim-Mai Cutler Retweeted Paul Roales
Yes. Political actors in SF ostensibly arguing for equity will just gentrify Oakland more. https://www.sfchronicle.com/business/article/Why-downtown-Oakland-is-booming-14869616.php …https://twitter.com/PaulRoales/status/1214636083217981440 …
Kim-Mai Cutler added,
2 replies 13 retweets 106 likesShow this thread -
Kim-Mai Cutler Retweeted Renee DiResta
And it only cost them $400K.https://twitter.com/noUpside/status/1214390623484035073 …
Kim-Mai Cutler added,
Renee DiRestaVerified account @noUpsidePlease note the key sentence in this article about an upcoming SF housing ballot measure. $407k can buy housing policy. That’s it. Less than a seed round. This is what the proposition system enables, but only one side is playing the game... https://missionlocal.org/2020/01/proposition-e-barring-unforeseen-lunacy-will-pass-handily-but-then-what/ … pic.twitter.com/KZmZ00a5dmShow this thread4 replies 4 retweets 59 likesShow this thread -
Dilemma of the Bay Area city. 1) Say no to office growth = will be harder to keep up with deficits & $10B pension/OPEB liability + big companies that are more resourced and adept at tax evasion will crowd out everyone else + gentrify East Bay.https://www.sfchronicle.com/bayarea/article/SF-mayor-orders-budget-cuts-as-city-takes-on-14911585.php …
3 replies 9 retweets 77 likesShow this thread -
2) Say yes to office growth = gets disproportionately priced into residential real estate with little recapture from existing property owners to compensate for impacts because of Prop. 13.https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
2 replies 4 retweets 67 likesShow this thread -
But this measure won't meaningfully add more funding for affordable housing. It will just ban office space in SF, and then shift the calculus of office space feasibility into other Bay Area cities.
8 replies 6 retweets 93 likesShow this thread -
Kim-Mai Cutler Retweeted 🇧🇧 🇹🇹 🇺🇸 👨👩👧👦 🐕 🌉
https://twitter.com/eparillon/status/1214680782213660674?s=21 …https://twitter.com/eparillon/status/1214680782213660674 …
Kim-Mai Cutler added,
1 reply 1 retweet 22 likesShow this thread -
So the new line of thinking today to solve the housing crisis in the Bay Area is to address the jobs-housing imbalance -- not by building more housing -- but by banning everything else like office! See Palo Alto's most recent mayor: https://sf.curbed.com/2020/1/13/21062784/palo-alto-mayors-housing-crisis-sb50-filseth-fine …pic.twitter.com/L69yrb03CR
2 replies 4 retweets 21 likesShow this thread -
And in SF with Prop. E, which is marketed as an affordable housing measure, but is actually a long-term office ban that all but ensures that only cos like Google & FB will be able to afford SF long-term & will push offices into East Bay, South SF: https://www.citylab.com/equity/2020/01/san-francisco-affordable-housing-office-space-proposition-e/604651/ …pic.twitter.com/S2ynDQHhUb
6 replies 8 retweets 23 likesShow this thread
Big Tech crowding out everything else, Part #4193 from @alexismadrigal:https://www.theatlantic.com/technology/archive/2020/01/why-silicon-valley-and-big-tech-dont-innovate-anymore/604969/ …
-
-
Oh, a report from the city economist showing that the board of supervisors wants to cut SF’s GDP growth by $23 billion over the next 20 years in a measure that doesn’t actually increase funding for affordable housing.https://sf.curbed.com/2020/1/28/21111334/san-francisco-prop-e-balanced-housing-act-report …
2 replies 9 retweets 51 likesShow this thread -
Kim-Mai Cutler Retweeted Ask Me About Prop. 15
Everyone actually running the campaign for this measure doesn’t care about the future because they’re not going to be around anyway. https://twitter.com/tribtowerviews/status/1191938766371467264?s=21 …https://twitter.com/TribTowerViews/status/1191938766371467264 …
Kim-Mai Cutler added,
Ask Me About Prop. 15 @TribTowerViewsArt Agnos: “We have not seen young people following in the footsteps of neighborhood movement leaders... I don’t know why... We’ve seen some [young people] involved but it’s all run by seniors. We’re gonna have Prop M 2.0 next year... everyone in that campaign is over 50.”Show this thread2 replies 3 retweets 30 likesShow this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.