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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 10 Feb 2018
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    Even though SF builds like 2K units a year, the total amount of housing on the market has declined 40% from 5 years ago because Bay Area property owners love to HODL. (They can keep their capped property tax rates & pass to kids, heirs.) https://www.paragon-re.com/trend/bay-area-market-survey …pic.twitter.com/m7bmgBzCjl

    12:46 PM - 10 Feb 2018
    • 23 Retweets
    • 101 Likes
    • Dan Grover Frank Olken The Dude kamilah taylor Patrick Ewing Evan Siroky eRealty Fundrise Mike Chen 陳懋華
    8 replies 23 retweets 101 likes
      1. Kim-Mai Cutler‏Verified account @kimmaicutler 10 Feb 2018
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        It is kind of crazy that in a region of 7 million people, there are only like 3,000 to 5,000 active listings for homes per month.

        5 replies 4 retweets 44 likes
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      1. Ben Munson‏ @archaica 10 Feb 2018
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        Replying to @kimmaicutler

        I bought in San Jose last year. What conditions have to be in place for me to transition from mere gentrifier to something more sinister?

        0 replies 0 retweets 1 like
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      2. Rex Salisbury‏ @rexsalisbury 10 Feb 2018
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        Replying to @kimmaicutler

        Partially true. It’s more driven by the fact that homes are selling quicker. So annual sales volume is similar. But total for sale at any time is lower.

        2 replies 0 retweets 1 like
      3. Ben Munson‏ @archaica 10 Feb 2018
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        Replying to @rexsalisbury @kimmaicutler

        This is true; owners sold to us because we offered midweek before the open house. There were still three offers.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Dan Kahn‏ @dbkahn 10 Feb 2018
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        Replying to @kimmaicutler

        Grandfathering in the mortgage interest deduction will only exacerbate this.

        0 replies 0 retweets 3 likes
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      1. Don Sheu 許家豪‏ @ulysseas 10 Feb 2018
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        Replying to @kimmaicutler

        Tried to put together a development deal in Seattle, lot owner made completely financially nonsensical decision to refuse offer on property because can convey to heirs and then heirs sell without capital gains bill

        0 replies 0 retweets 0 likes
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      2. Patrick McDonough, AICP‏ @citybeautiful21 10 Feb 2018
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        Replying to @kimmaicutler

        Can you de-anagram HODL for us beyond-the-bay-Area folks?

        1 reply 0 retweets 0 likes
      3. Dan Keshet 😷‏ @DanKeshet 10 Feb 2018
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        Replying to @citybeautiful21 @kimmaicutler

        It's a Bitcoin meme, where people invested in the bubble encourage each other to hold (typed quickly thus misspelt) bitcoin, not sell them, to prevent devaluing them.

        0 replies 0 retweets 2 likes
      4. End of conversation
      1. Enneahedron Ⓥ‏ @Enneahedron 12 Feb 2018
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        Replying to @kimmaicutler

        Not everyone has to live in the SF Bay Area. The tech industry needs to spread out to other areas of the country where housing is less expensive. That will relieve some of the pressure on the real-estate market.

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