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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. Anthemos Georgiades‏ @anthemos Jun 1
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      In the backdrop of the tragic George Floyd news, there's a big demographic trend happening in San Francisco All this talk of people leaving SF for a future of remote work is now backed up by hard data SF 1BR rents were ⬇️ 9.2% YoY in May via @Zumper

      57 replies 381 retweets 1,582 likes
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    2. Anthemos Georgiades‏ @anthemos Jun 1
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      Even more staggering are drops in the South Bay near Google & FB campuses, who have been increasingly telling employees that remote work is part of the future 1BR rents there were down: ⬇️ 15.9% in Mountain View ⬇️ 14.1% in Menlo Park ⬇️ 14.3% in Cupertino ⬇️ 10.8% in Palo Alto

      6 replies 107 retweets 424 likes
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    3. Anthemos Georgiades‏ @anthemos Jun 1
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      These price drops are unprecedented in the 7+ years we've published @Zumper monthly rent datapic.twitter.com/OIzU0luvKp

      10 replies 28 retweets 208 likes
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    4. Anthemos Georgiades‏ @anthemos Jun 1
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      Whereas in other geos we can correlate the impact of mass unemployment with falling rent prices, the size of these drops in the Bay Area are indicative of a flight to other markets with lower costs of living, in addition to job losses

      2 replies 12 retweets 106 likes
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    5. Anthemos Georgiades‏ @anthemos Jun 1
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      The magnitude of these rent drops may also be higher than our published data since some landlords conceal price drops in "lease specials" like 6 weeks of free rent to move in

      1 reply 10 retweets 114 likes
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    6. Anthemos Georgiades‏ @anthemos Jun 1
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      Turns out a lot of the online hype about Silicon Valley's move to remote is is now borne out by the data When you read about the SF budget shortfalls, this has the potential to make them very real cc @LondonBreed @kimmaicutler @scottbudman @CurbedSF

      6 replies 11 retweets 110 likes
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    7. Kim-Mai Cutler‏Verified account @kimmaicutler Jun 1
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      Replying to @anthemos @LondonBreed and

      I wouldn’t be so fast. I definitely see a lot of movement right now because it doesn’t make sense to be in a closed down city through the summer. But once things open up or the pandemic passes in 1-3 years, there will be a lot of good deals/prices, possible energy to come back.

      8 replies 0 retweets 32 likes
    8. Anthemos Georgiades‏ @anthemos Jun 1
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      Replying to @kimmaicutler @LondonBreed and

      Yep fair. I'll say from personal experience, the emigration is real. Multiple friends who are SIP out of state have let their SF lease expire & and have come back to pack up. Admittedly anecdotal, but a non insignificant % will leave for good. First time this narrative is real

      2 replies 0 retweets 7 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler Jun 1
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      Replying to @anthemos @LondonBreed and

      Totally. But 30 years olds get replaced by 20 years olds.

      10:43 AM - 1 Jun 2020
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      • Mark Dinan I-Kang Ding, Ph.D. Brock Keeling Kristy Guy scott budman Anthemos Georgiades
      1 reply 0 retweets 6 likes
        1. Rishi Bhardwaj‏ @_rishi_bhardwaj Jun 1
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          Replying to @kimmaicutler @anthemos and

          Yup, although the 20 year olds paying capacity will be much lower than the departed 30 year olds...

          0 replies 0 retweets 1 like
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