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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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    Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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    Kim-Mai Cutler Retweeted

    Btw it costs $780M per mile to build BART underground today & Berkeley has three underground stations. It is totally irresponsible to leave low-density and single-family zoning near billions of dollars of public infrastructure that taxpayers have paid for. https://www.citylab.com/transportation/2018/01/why-its-so-expensive-to-build-urban-rail-in-the-us/551408/ … https://twitter.com/ByRosenberg/status/955900127184474112 …

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    11:44 AM - 29 Jan 2018
    • 245 Retweets
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    • Casey Welch Christopher Schultes Takeshi Young Jukka Haapasaari Nancy Norris East Bay Food Briefly victim of its own excellence Mike Maples, Jr Elaine (((Clisham)))
    17 replies 245 retweets 804 likes
      1. New conversation
      2. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @grievre @woodyatpch @skimbrel

        not sure that is a great path either. Seattle's insurance standards, for example, induce the housing market to build more rentals than condos. And that means while there are lots of apts, there are very few opportunities for entry-level folks to buy & stay more permanently.

        1 reply 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @kimmaicutler @grievre and

        See here: http://www.sightline.org/2017/08/14/why-seattle-builds-apartments-but-vancouver-bc-builds-condos/ …

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      1. New conversation
      2. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @grievre @woodyatpch @skimbrel

        The problem is neither the federal government nor the state government have funding to adequately fund low-income housing because people are unwilling to tax themselves to fund it. So local politicians have taken to pushing inclusionary housing which

        1 reply 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @kimmaicutler @grievre and

        requires that a % of new market-rate housing funds low-income housing. So the low-income housing is partially dependent on new market-rate housing being built. Get it?

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      4. End of conversation
      1. New conversation
      2. Bill Woodcock‏ @woodyatpch 29 Jan 2018
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        Replying to @grievre @skimbrel @kimmaicutler

        Uh... Density ≠ affordability. The real estate developers who are paying Skinner and Wiener to do this to us aren't doing it because they want to build _low income_ condos. They want another Hong Kong. High rises full of $4m condos with $500k parking spaces.

        1 reply 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @woodyatpch @grievre @skimbrel

        Actually, Hong Kong is 50% public or affordable government subsidized housing.http://www.scmp.com/comment/insight-opinion/article/2118732/how-hong-kongs-public-housing-policy-failing-those-most-need …

        1 reply 0 retweets 2 likes
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      1. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @grievre @woodyatpch @skimbrel

        No it was not. CA adds >300K people per year net, after considering births, deaths, in-migration & out-migration. It has averaged roughly 80K units/yr over the last decade or so. If affluent parts of the Bay don't do their part, everyone else gets screwed http://www.ebudget.ca.gov/2017-18/pdf/BudgetSummary/HousingandLocalGovernment.pdf …

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      1. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @grievre @woodyatpch @skimbrel

        Some people have been waiting at least a century or so for that. Hasn't happened. We live in a mixed economy. I don't see us living in a mixed economy changing any time soon.

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      2. Bill Woodcock‏ @woodyatpch 29 Jan 2018
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        Replying to @grievre @skimbrel @kimmaicutler

        Yep. There are way more people in China who can afford to let a shiny new condo in California sit empty than there are Californians who can afford to live in one. http://www.bbc.com/news/business-37640156 …

        1 reply 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Jan 2018
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        Replying to @woodyatpch @grievre @skimbrel

        That is a red herring. Condos do not hold value as well as single-family homes do. If you were really optimizing for store of value and protection of your investment, you would just buy an existing, old single-family home -- like this: https://www.modernluxury.com/silicon-valley/story/how-sell-and-sell-and-sell-silicon-valley …

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