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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@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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    Kim-Mai Cutler‏Verified account @kimmaicutler 20 Dec 2017
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    "In total, a new buyer would lose about $25,000 in deductions in the first year of purchasing a home priced around $1.2 million. The impact is disproportionately more harmful to new homebuyers than existing owners."https://blog.pacificunion.com/final-version-of-tax-reform-is-still-detrimental-for-california-housing-marketst/ …

    2:58 PM - 20 Dec 2017
    • 9 Retweets
    • 25 Likes
    • Ryan Cole A.J. Carrillo Ariel Waldman H Andrew Benson's Nuclear Takes WebVixen Juggalos For Responsible Flushing🔰🌇 Statehood for DC and PR! Abolish the filibuster! Central NJ Yimby🇺🇸🚲🏙
    6 replies 9 retweets 25 likes
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      2. Ben Dodson‏ @bjdodson 21 Dec 2017
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        Replying to @kimmaicutler

        What percentage of purchases are "all cash" deals? If not overwhelming, seems prices will go down but without helping affordability

        2 replies 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 21 Dec 2017
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        Replying to @bjdodson

        Right

        0 replies 0 retweets 0 likes
      4. End of conversation
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      2. Byron Hing‏ @byronhing 20 Dec 2017
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        Replying to @kimmaicutler

        This is true but taxpayer still sees a cut vs status quo. 25k implies ~350k income which has 32% rate for married or 8k tax increase But Lower rates mean tax cut of more than that. I did math and lower rates will save 350k married couple about 14k so still 6k tax cut

        1 reply 0 retweets 0 likes
      3. Byron Hing‏ @byronhing 20 Dec 2017
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        Replying to @byronhing @kimmaicutler

        And likely buyer of such a house has kids, so child tax credit, which will no longer be phased out gives her another 2k/ kid.

        1 reply 0 retweets 0 likes
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      1. Ben Munson‏ @archaica 20 Dec 2017
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        Replying to @kimmaicutler

        This reform would have been actually beneficial to Californians if passed 50 years ago

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Mike Mahoney‏ @Mahoney 20 Dec 2017
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        Replying to @kimmaicutler

        Any chance this actually brings California house prices down to a sane level for people to get in?

        1 reply 0 retweets 0 likes
      3. Dan Dominguez  🌐 🚲‏ @Domin_D 21 Dec 2017
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        Replying to @Mahoney @kimmaicutler

        To a sane level no. But you might see marginal price decline or a marginal decline in the rate the prices increase. Until California housing supply meets demand it’s going to be expensive.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Historic 100 Year Flood Zone Preservation District‏ @BelmontRenters 20 Dec 2017
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        Replying to @kimmaicutler

        Ah, well it’s a good thing new CA homebuyers have it better in so many other ways

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      1. Byron Hing‏ @byronhing 21 Dec 2017
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        Replying to @dtc @NEHSF @kimmaicutler

        It’s not repealed, but they increased exemption a lot

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      1. Tamworth‏ @tamworth54 20 Dec 2017
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        Replying to @kimmaicutler

        I don’t feel too sorry for people that can afford $1.2 million homes. Sorry.

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