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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. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      but of course, building lots of office and no housing is terrible for affordability.pic.twitter.com/uttlzG7qKd

      1 reply 0 retweets 0 likes
    2. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      this is a central dilemma for housing policy in America. We want housing to be both a good investment and be broadly affordable (which is impossible!)http://cityobservatory.org/housing-cant-be-a-good-investment-and-affordable/ …

      1 reply 0 retweets 1 like
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      You can't have residential real estate appreciating at roughly 7% a year while having stagnating median wages, without a lot of people falling out of the bottom! https://www.frbsf.org/economic-research/files/wp2017-25.pdf …

      1 reply 0 retweets 2 likes
    4. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      but Americans don't really want to address this contradiction. They want to do half-assed things. In SF, people created inclusionary housing policy to make new market-rate construction fund below-market rate housing (which is certainly better than exclusionary zoning)

      1 reply 0 retweets 0 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      this is where you see things like "blah blah fought for 40% affordable housing." But the costs just get passed onto buyers of new market-rate housing, making it even more luxury, and it also doesn't really scale or produce that much housing. http://cityobservatory.org/inclusionary-zoning-has-a-scale-problem/ …

      1 reply 0 retweets 1 like
    6. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      Kim-Mai Cutler Retweeted Kyle Huey

      if you also set the %s too high, it can shut down production of all kinds of housing as developers wait for nearby rents to get high enough to then justify & cross-subsidize the below-market-rate housing.https://twitter.com/khuey_/status/962109517696663552 …

      Kim-Mai Cutler added,

      Kyle Huey @khuey_
      This is exactly how a 20% inclusionary zoning mandate is intended to work. It crushes supply growth, raises prices of existing (voter-owned) property, doesn't cost taxpayers anything, and lets people sleep at night pretending that they did something good. https://twitter.com/maccoinnich/status/962091760640933889 …
      1 reply 0 retweets 0 likes
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      some DSA folk like @uhshanti think we need mass public housing. I think there are lots of interesting, successful social housing programs globally. Like Vienna! http://www.governing.com/gov-affordable-luxurious-housing-in-vienna.html …

      1 reply 0 retweets 0 likes
    8. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      I just have a hard time seeing how the US gets there in the near-term, given the current administration and how we're going to have even *less* affordable housing funding than we did before.https://www.nytimes.com/2018/01/18/business/economy/tax-housing.html …

      1 reply 0 retweets 0 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      @LAO_CA also calculated that it would cost $250 billion to build affordable housing for all 1.7 million low-income, rent-burdened tenants in the state: http://www.lao.ca.gov/Publications/Report/3345 …

      1 reply 0 retweets 0 likes
    10. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      (keep in mind that the state of CA has $400 billion in unfunded pension & retirement healthcare liabilities that it hasn't figured how to pay for) https://calmatters.org/articles/california-retirement-pension-debt-explainer/#How-big-is-the-problem …

      1 reply 0 retweets 0 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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      Replying to @kimmaicutler @itsa_talia and

      and that CA's taxation system is highly volatile in part because it is so dependent on high-income earners whose incomes are tied to the performance of the stock market. The last recession wiped out $115 billion in revenue. (We have $16B in reserves.) http://lao.ca.gov/Publications/Report/3769 …

      7:04 PM - 16 Mar 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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          Replying to @kimmaicutler @itsa_talia and

          general debates are: how much should we build? where should we build? what kind of housing should we build? where should we get money to finance low-income housing as the federal govt continues to recede? how should we reform Costa Hawkins/rent control?

          1 reply 0 retweets 0 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 16 Mar 2018
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          Replying to @kimmaicutler @itsa_talia and

          is it possible to reform Proposition 13? If so, how?

          0 replies 0 retweets 0 likes
        4. End of conversation

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