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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 Feb 6
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      The previous owner of this house was taxed as if it was worth only $65K for decades and just wandered off with $3.55 million. https://twitter.com/leahculver/status/1225435202345811968 …pic.twitter.com/UThBHuV1pU

      35 replies 95 retweets 577 likes
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    2. Kim-Mai Cutler‏Verified account @kimmaicutler Feb 6
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      .@LATstevelopez had it right yesterday. We criticize new housing for not having enough affordable units but the vast majority of investment returns on real estate are always in *existing* not new real estate. (Get a share of *all* appreciation, not some.) https://www.latimes.com/california/story/2020-02-05/steve-lopez-column-housing-legislature …pic.twitter.com/hotoPC7w79

      2 replies 25 retweets 144 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler Feb 6
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      Imagine if we got a percentage of *all* of this, instead of fighting over the share of the roughly only 2-4,000 units SF builds a year that can be income restricted.https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …

      1:22 PM - 6 Feb 2020
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      • Kevin Schultz Alfred Twu C E Watkins Sid Kapur Matthew Stafford Brian Pepin Max Dubler 🏳️‍🌈 Gaming Grandpa 🚲🥑🚎 Heini Natri
      6 replies 13 retweets 110 likes
        1. Kim-Mai Cutler‏Verified account @kimmaicutler Feb 6
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          Kim-Mai Cutler Retweeted Preserve the Memes

          🙃😂 https://twitter.com/preservememes/status/1225513873106755584?s=21 …https://twitter.com/preservememes/status/1225513873106755584 …

          Kim-Mai Cutler added,

          Preserve the Memes @preservememes
          homeowner: “i’ve lived here for 20 years, and i’m here to oppose the project, the developer is a speculator!” plancom prog: hmm good point we do not like speculators homeowner: *goes home to 900k of zero-work, barnacle-ass appreciation*
          Show this thread
          4 replies 1 retweet 49 likes
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        2. Next door in Silicon Valley‏ @nextdoorsv Feb 6
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          Replying to @kimmaicutler

          Inevitably people respond with: Why should HOMEOWNERS get thrown out of their homes for appreciation that they didn't ask for? My answer: Imagine if cities weren't penalized for building more homes, and instead built more homes to stabilize prices. Their reaction: 😶

          2 replies 0 retweets 1 like
        3. Ryan Carrigan‏ @carrigan_ryan Feb 6
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          Replying to @nextdoorsv @kimmaicutler

          I mean they're not building it tho....?

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Brian Pepin‏ @UnLtdBananas Feb 6
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          Replying to @kimmaicutler

          PREACH

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        1. Sid Kapur‏ @sidkap_ Feb 6
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          Replying to @kimmaicutler

          Wow. So that's $5-10 billion of new housing wealth created each year, compared to $131 billion of value increasing in existing housing... (4000 units * $1.5 million = $6 billion. I added a fudge factor of ~2x because new housing may be slightly more expensive than old housing)

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        2. nicholas russell‏ @BetterCity Feb 7
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          Replying to @kimmaicutler

          Housings a funny market isn’t it. Very little of the stock is sold and that marks the rest to market. Ends up being self-fulfilling prophecy as people hold assets because of paper value rises. Limited supply in turn drives prices.

          1 reply 0 retweets 0 likes
        3. nicholas russell‏ @BetterCity Feb 7
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          Replying to @BetterCity @kimmaicutler

          Meaning if one were to introduce new supply into market, that would lower book prices, which would in turn push more people to sell, before prices dropped further, which would further lower prices.

          1 reply 0 retweets 0 likes
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        1. Davret‏ @FloMartinSec Feb 6
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          Replying to @kimmaicutler

          The funny thing is in NY suburbs, the opposite is true. Property taxes are based on current assessments, then the costs of the tax become unsustainable for the occupants, especially as they get older. They get forced out of their communities. Taxing shelter requires an even hand.

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