Kim-Mai Cutler
@kimmaicutler
Partner at @initialized. When life hands me lemons, I make tarte au citron.
33.5K Following 58.5K Followers
In many parts of the California except for San Francisco, market-rate rents are lower than the government-mandated rent limits on affordable housing.
I’m excited for the day when people devise ever escalating, more bizarre social rituals in order to prove the other person is a real human being.
Everyone remembers what happened when Google tried to give San Francisco free citywide Internet in 2005 or when Mark Zuckerberg gave $75 million to SF General Hospital in 2015 after his wife did her residency there.
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Scott Wiener’s “unproven housing ideology” is … checks notes … building housing.
It only took 10 years to finally undo the damage Jane Kim did to housing construction financing feasibility. Don’t let her destroy the entire state of California’s insurance system (and basically crash everybody’s ability to get any kind of residential insurance — public, private, affordable, you name it).
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Narrator:
There was indeed much alpha to be had on the OG Gundo party bus.
California loses ~1.6% of personal income tax revenue per year to out-migration. Like ~$1.4B in revenue if you put PIT at around $85B.
That rate 3X-ed what it was compared to before the pandemic.
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