benmaritz @benmaritz
Affordable housing developer in Seattle, Tacoma and Portland. Dad, volunteer board member, aspiring pillar of the community grtexp.co Seattle, WA Joined December 2008-
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Seattle, one of the wealthiest, best educated cities in the WORLD cannot get its public schools out of a death spiral. The frustrating thing here is that SPS is acting as if closing schools is the “hard but good” thing to do, whereas it’s actually the easy but very bad option.…
Seattle, one of the wealthiest, best educated cities in the WORLD cannot get its public schools out of a death spiral. The frustrating thing here is that SPS is acting as if closing schools is the “hard but good” thing to do, whereas it’s actually the easy but very bad option.…
I don’t really care about national politics that much but the spiraling Federal deficit is going keep long term rates higher for longer which is going to make it very hard to build any new housing (or anything). America’s fiscal outlook is disastrous, but forgotten…
Why does the Seattle Comp Plan have 0.9 FAR for 4plexes in SF zones? It’s because under current law you are allowed a 0.5 FAR main house and two 1k sf ADUs. Since the typical lot is 5k sf, that is 2.5+1+1=4.5k sf or 0.9 FAR. Basically it’s no change, aside from an extra unit
Great thread. I think many of our leaders in seattle don’t understand the scarcity remedy of upzoning.
Great thread. I think many of our leaders in seattle don’t understand the scarcity remedy of upzoning.
Owner of the Saigon Deli near 12th and Jackson brilliantly posted this letter they received from the city. They need to clean up the graffiti on their building. Unless they are in a landmark district in which case they need to get permission first
2-3x as many applications when we post property management jobs for Bellevue vs Seattle.
When people talk about AMI for housing they are mostly referring to the max rent that can be charged, expressed as 1/3 of a given % of the Area Median Income. Lower means lower profit and returns, and so has a major impact on the kind of funding that can be used. Here is a…
If you have to tell people you're not a NIMBY, you just might be a NIMBY.
I genuinely believe that our elected leaders want more housing and that they care about housing costs. It’s especially true for affordable housing. I also think they are new to the housing debate and fundamentally do not understand the relationship between zoning, costs,…
A Zionist is someone who believes Israel should exist as the Jewish homeland, in addition to the millions of Arabs living there. That describes a large majority of Jews. The orchestrated demonization of Zionists both before & since 10/7 is dangerous & fuels anti-Jewish hate. 🧵
Congrats!!
GPT4's first draft of our Cornus House investor update isn't quite appropriate for an investor email, but I think is perfect for Twitter
Caption this!
If app-based food delivery was actually a viable business, they would just hire employees as drivers and get on with it.
Another insightful post from Dr. Kertesz on the cruelty of criminalizing homelessness. As a lawyer, it’s especially painful to agree w/ his conclusion: we cannot count on the law to protect our most vulnerable neighbors, nor to protect us from ourselves. But WE can change.
Another insightful post from Dr. Kertesz on the cruelty of criminalizing homelessness. As a lawyer, it’s especially painful to agree w/ his conclusion: we cannot count on the law to protect our most vulnerable neighbors, nor to protect us from ourselves. But WE can change.
So pumped. Dragged my feet on getting a 'real' office for so long but I really do think this is going to change the culture of our company for the better.
Harborview is an absolutely incredible asset to our community that desperately needs help. The 2020 Bond is not nearly enough to build the expansion that is needed. I speak from personal experience having gone from a world-class OR to a decrepit overflow ward. Finding the…
Harborview is an absolutely incredible asset to our community that desperately needs help. The 2020 Bond is not nearly enough to build the expansion that is needed. I speak from personal experience having gone from a world-class OR to a decrepit overflow ward. Finding the…
Is it bad that sometimes I wish my street had parking on both sides to limit the speed of drivers coming down it?
push the needle @pushtheneedle
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557 Followers 294 Following she/her | social policy analyst & housing researcher | advising on social housing policy & homelessness | Views=mineAny 1BR apartment that is large enough for a dog ... is suitable for a newborn
Good morning! We are at our first meeting of our social housing delegation. Meeting with Wiener Wohnen, the social/municipal housing agency of Vienna.
Social housing is all over the city. They don’t concentrate social housing in certain areas. You can’t tell if a person is rich or poor based on their address.
A problem!
The Fed increased interest rates to lower inflation, but rent is their "biggest stumbling block" in taming inflation? NO ONE IS STARTING NEW APARTMENT BUILDINGS WITH INTEREST RATES THIS HIGH. THEY ARE DRIVING UP RENTS! bloomberg.com/news/articles/…
The Seattle delegation in #waleg is also nowhere to be found here. Hardly any of them consider the crisis in our public schools a priority. Some of them will even tell parents “it’s not my issue area.” Actually, it is literally their paramount duty under the state constitution.
Seattle, one of the wealthiest, best educated cities in the WORLD cannot get its public schools out of a death spiral. The frustrating thing here is that SPS is acting as if closing schools is the “hard but good” thing to do, whereas it’s actually the easy but very bad option.…
@DaniAndi4 @AtomBane @benmaritz @dan_black07 We are not very top heavy in admin any more and could probably stand to have some more low level central staff if anything. It is true that the way we have done CBA raises costs a lot and mostly goes to senior teachers, but the main deficit issue is SPED.
@benmaritz @cruickshank Totally. Families I have spoken to in Southeast Seattle have pulled their kids and out them into charter, private, and homeschool options bc of a complete lack of responsiveness by the district to real concerns—like bullying, lack of academic rigor, and ignoring serious issues.
@benmaritz I haven’t seen good examples. Intuitively, you’d think that closing schools makes management and logistics more efficient and cost effective, but the research doesn’t show that. Unfortunately, when you’re looking at urban Ed, chronically underfunded and under resourced…
@benmaritz I agree that they should be looking at alternatives to closing schools. Again, I’ve done research on school closures and cost cutting. I just came from SLPS in St. Louis that has been closing schools for decades for similar and different reasons.
@benmaritz Reassuring that there are multiple typos on this slide.
@benmaritz The cause is housing: it’s too damn expensive to live in Seattle. if you have the money to buy a $1.5M house you’re probably of the mindset to send your kids to private school Build more family-sized housing: market, social, subsidized with public amenities
@benmaritz Exactly this! Closing schools is the easy thing to do, requiring no courage or creativity or thoughtfulness at all.
@benmaritz I'm not sure that's right. In the chart, the primary deficit is holding steady as a share of the budget and *declining* as a share of the deficit. I think what's happening is that the Fed raised rates to fight inflation, which then feeds through into gov't borrowing costs.
We did a webinar for prospective investors in our most recent ReSeed deal, and my main takeaway was: Why haven’t I been doing these for prospective investors in my own deals all these years?!
We need @jessdbateman’s Housing Accountability Act and a strong state Department of Housing to help fix this.
@asher_971 We were right there two hours ago. If you saw a guy with a 4 year old in a little league uniform, that was me! And yeah, the signs are also great for when the kids ask "when is the train gonna be here?" every minute 😂
“I just got my US citizenship and the first thing I’m doing is registering to vote and signing to get 137 for social housing on the ballot! It’s atrocious how we treat the unhoused in this country, especially in a city like Seattle with so much wealth disparity.”
Im pulling for the @dallasmavs vs. Oklahoma City Thunder. I just love watching their team play BUT most importantly @mcuban was one of two NBA owners who voted "No" on the Sonics to move to OKC. Go Mavs!!! #NBAPlayoffs
Our is the rental market in Orange County? Our ~250 unit property management company has zero homes for rent.
@eggfarkarch i agree FAR should be eliminated for this proposal (it doesnt exist for this zone) but the planners introduced it and gave it the odd 0.9 amount. odd until you realize the current allowed area is exactly 0.9 FAR…. (2500 sf house, 2 ADUs @ 1000 sf)