Million-dollar homes for $150 a month.


Japanese billionaire Genshiro Kawamoto is a real estate developer in Hawaii. He has a history of renting homes below market value to low-income Hawaiians, but now he’s selecting native Hawaiians to rent luxury homes for only $150 a month. Four of eight families have been selected from 3,000 applicants. He said he is renting the homes "because the affluent people can help the least fortunate people." http://www.cnn.com/2007/US/03/20/billionaire.charity.ap/index.html?eref=rss_topstories

This is certainly a heartening thing for me, being a Hawaiian (partial ancestry, full Hawaiians are very hard to come by these days). It tells me there are still some people hoping to make a difference for the Hawaiian people.

Still, I have to wonder how much of the utilities, or better yet, how much of everything, is actually covered by that $150.
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I think it would be better if he would rent those at full price to some rich bastard and use the money to build less fortunate peoples homes the 3000 applicants. This would actually help a lot more.
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It is just so nice to hear about Mr. Genshiro Kawamoto's kindness and generosity... it seems kind of rare these days... especially since he has the means to something... however unusual... it's encouraging someone. -debi-
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