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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. Michelle Tandler  🌁‏ @michelletandler Jun 18
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      Pretty much every apartment in SOMA is offering 4-8 weeks free right now. Many offering 1/2 month rent deposit. Also some offering 30-day money back guarantee. This is going to get interesting.pic.twitter.com/nkYaomm1D9

      10 replies 11 retweets 62 likes
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    2. Michelle Tandler  🌁‏ @michelletandler Jun 18
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      I think it's reasonable to say that YIMBY will be stopped dead in its tracks. Anybody who bought in East or South SF in the past 5 years will likely be underwater soon. No developer will want to build. Good for prospective renters. Very bad for owners.

      4 replies 0 retweets 15 likes
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    3. Jeremy Conrad‏ @nomadicnerd Jun 18
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      Replying to @michelletandler

      YIMBY isn't about current rent prices. It's about building enough housing to keep up with population growth and job creation. We're about 20 years behind on that account. As good of a time as ever to change the regulations to build a denser and more equitable city

      1 reply 0 retweets 4 likes
    4. Michelle Tandler  🌁‏ @michelletandler Jun 18
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      Replying to @nomadicnerd

      Yes - I get that. I just don't think there will be broad-based support given a big % of homeowners are going to be seeing their nest eggs plummet in value. The last thing they will want is more supply. Also developers will be wary to build. Especially with BMR reqs, fees, etc.

      2 replies 0 retweets 3 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler Jun 18
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      Replying to @michelletandler @nomadicnerd

      Complex. Nothing was being built toward the end of the cycle anyway bc land prices were too high. Land prices will reset over the next few years and then a window will open again.

      5:15 PM - 18 Jun 2020
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        1. Kim-Mai Cutler‏Verified account @kimmaicutler Jun 18
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          Replying to @kimmaicutler @michelletandler @nomadicnerd

          And then also as @anthemos has pointed out — terrible for investment-oriented owners who bought assuming a certain rental cash flow. But family-sized homes meant as primary residences are well supported bc no ones building more of them here in the inner Bay Area anyway.

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        1. Jeremy Conrad‏ @nomadicnerd Jun 18
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          Replying to @kimmaicutler @michelletandler

          But if zoning allowed for more units and permitting wasn't a multi year slog then wouldn't that make the land prices less of an issue?

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