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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. Patrick Traughber‏ @ptraughber 27 Nov 2017
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      Home for sale in Oakland. Listing price is $849k (will likely sell for > $900k). Assessed value is $64k. That’s a $10k per year subsidy for the homeowner. Prop 13 makes me wish I had bought a house... before I was born.pic.twitter.com/x5XUFpf7uf

      20 replies 28 retweets 132 likes
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    2. MD‏ @mikeydoubled 28 Nov 2017
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      Replying to @susanthesquark @louisgray and

      Texas gets around this granting prop tax exemptions to elderly and to disabled. Exemptions *don't* get passed on to descendants, unlike in CA where we are creating a landed gentry.

      2 replies 0 retweets 15 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 28 Nov 2017
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      Replying to @mikeydoubled @susanthesquark and

      In Berkeley, 41% of the homeowners are over the age of 65. And you can transfer your capped property tax assessment to your kids and grandkids. It creates an inherited landed gentry in California, which is why no one sells. http://www.lao.ca.gov/Publications/Report/3693 …

      10:45 AM - 28 Nov 2017
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      12 replies 113 retweets 211 likes
        1. MD‏ @mikeydoubled 28 Nov 2017
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          Replying to @kimmaicutler @susanthesquark and

          I wonder what the largest differential between assessed value and market value is in the city? Surely somewhere on Pac Heights? E.g. 2820 Scott assessed at $8M, on sale for $29.5M -- $250k annual subsidy?pic.twitter.com/P9ODdyzLvK

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        1. Constantin Gurdgiev‏ @GTCost 28 Nov 2017
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          Replying to @kimmaicutler @sarahcuda and

          And then we wonder why the American Dream (merit-based social promotion) is dead…

          0 replies 0 retweets 2 likes
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        1. Ask Me About Prop. 15‏ @TribTowerViews 28 Nov 2017
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          Replying to @kimmaicutler @mikeydoubled and

          On that note, did you see Zelda's newest banger? https://www.dissentmagazine.org/online_articles/hsieh-moretti-affordable-housing-free-market-fantasy …

          0 replies 0 retweets 4 likes
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        2. Brad Payne‏ @Jbpayne32 28 Nov 2017
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          Replying to @kimmaicutler @mikeydoubled and

          How hard would it be to get rid of that provision specifically? I know total Prop 13 repeal is almost impossible, but how about just the inherited aspect and phase out over the next 5-10 years?

          2 replies 0 retweets 1 like
        3. Ben Munson‏ @archaica 28 Nov 2017
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          Replying to @Jbpayne32 @kimmaicutler and

          Unfortunately there's no way to fix this that doesn't either bankrupt people with "real" tax bills, or destroy 100B in wealth through property devaluation.

          1 reply 0 retweets 1 like
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        1. Ben Munson‏ @archaica 28 Nov 2017
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          Replying to @kimmaicutler @mikeydoubled and

          Or you do what my aunt did, which is sell her 20+ years property, move to a smaller condo, but keep the same rate from the old property.

          0 replies 0 retweets 0 likes
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        2. Patrick Atwater‏ @patwater 28 Nov 2017
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          Replying to @kimmaicutler @mikeydoubled and

          Sigh! And we have a state run by “progressives”

          1 reply 0 retweets 1 like
        3. Theo, Yes on Prop 15 this November‏ @theo_earthling 30 Nov 2017
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          Replying to @patwater @kimmaicutler and

          That's why it's dangerous to allow Republicans to have power. These regressive tax laws were enacted in the 1970s to 1990s, when Republicans had power, and put into the Constitution where it's hard to change. Proposed repeal would be greeted by relentless attack ads full of lies.

          1 reply 1 retweet 4 likes
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        1. Mike Hunter‏ @diabolical_mdog 28 Nov 2017
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          Replying to @kimmaicutler @mikeydoubled and

          Did I read the report correctly that over 8% of transfers qualify for Prop 13 exemptions? That's 8% of ALL transfers (transfers includes standard home sales?) Wow.

          0 replies 0 retweets 1 like
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        1. Obligation Value‏ @ObligationValue 29 Nov 2017
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          Replying to @kimmaicutler @mikeydoubled and

          Yes, and the kids can’t renovate, or the property taxes go up. So all the houses keep aging.

          0 replies 0 retweets 3 likes
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