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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 20
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      If you wanted to buy an existing old $750K unit, you’d need to have $150K as a down payment and be able to afford $3,800 in monthly payments. Developers don’t build affordable in SF bc production costs are too high. They can’t absent large taxpayer subsidyhttps://www.nytimes.com/2020/02/20/us/California-housing-costs.html …

      7 replies 19 retweets 126 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler Feb 20
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      Kim-Mai Cutler Retweeted Mark Hogan

      Some quibbles about cost breakdown here. https://twitter.com/markasaurus/status/1230718865253916674?s=21 …https://twitter.com/markasaurus/status/1230718865253916674 …

      Kim-Mai Cutler added,

      Mark Hogan @markasaurus
      Yet another article perpetuating the myth that construction workers are overpaid by claiming they make $90/hr, which is actually a billing rate. They make around $25-$35/hr. https://nyti.ms/2Vb6kcq 
      Show this thread
      9:19 PM - 20 Feb 2020
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      • John Henry Towne tatere.🦑 Shut it all down, R2 Sarah Rogers Choo Choo LaRue Theo, Yes on Prop 15 this November Jeri Dansky Sid Kapur Paul Roales
      3 replies 0 retweets 9 likes
        1. Kim-Mai Cutler‏Verified account @kimmaicutler Feb 20
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          Kim-Mai Cutler Retweeted Economic Institute

          But it’s otherwise consistent with overall costs per unit in affordable housing projects the city has seen in the last few years. https://twitter.com/bayareaeconomy/status/1228402450853330944?s=21 …https://twitter.com/BayAreaEconomy/status/1228402450853330944 …

          Kim-Mai Cutler added,

          Economic Institute @BayAreaEconomy
          It’s no secret that building housing in the #BayArea is expensive. In 2019, the average construction cost of new below market rate housing in the Bay Area was an astonishing $664,455 per unit! Read more about it here: http://www.bayareaeconomy.org/how-much-does-it-cost-to-produce-one-unit-of-below-market-housing-in-the-bay-area/ … #HousingCrisis #BayAreaHousingCrisis pic.twitter.com/VpcoLy58L4
          2 replies 0 retweets 9 likes
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        2. penelope‏ @penelopeonthego Feb 20
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          Replying to @kimmaicutler

          He’s correct. But, yes, the cost to the client is ~$90/hr. for construction workers. Unskilled labor to sweep the floor ~$55/hr. Goes up for electricians, plumbers, elevator workers etc.

          1 reply 0 retweets 0 likes
        3. Scott Littlehale‏ @FactChecker23 Feb 20
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          Replying to @penelopeonthego @kimmaicutler

          For context: 2013-2018 American Community Survey microdata show that full-time/year-round blue-collar construction workers employed in San Francisco reported ANNUAL earnings as follows: $37,048 (25th percentile) $57,605 (50th pctl) $83,790 (75th pctl) Sample N=763 (pop=20,070)

          3 replies 2 retweets 1 like
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        1. Alan Barclay‏ @codemup Feb 21
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          Replying to @kimmaicutler

          If you are the worker, the difference between $25 and $90/hr is more than a quibble.

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