Want to rent a multimillion dollar home for $150/mo?
Real-estate tycoon Genshiro Kawamoto is doing his part to help low-income families live worry free (at least for anything housing related). Read the full article on CNN and wonder in amazement at the type of parties that will surely ensure after the first week of settling in.
Japanese billionaire Genshiro Kawamoto has selected the first four of eight Native Hawaiian families that will each rent one of his multimillion-dollar homes in the exclusive oceanside Kahala area for $150 a month.
The low-income families could move into the furnished Kahala Avenue homes, purchased in 2005 for $2 million to $3.4 million each, as soon as this weekend.
“They will be living in heaven now,” said Kawamoto, a 75-year-old real estate tycoon.
Among Kawamoto’s four rental homes is one with five bedrooms and 5½ bathrooms. The 6,489-square-foot home was built in 1989 and is more than three times the size of the average house on Oahu. It was purchased by Kawamoto in August 2005 for $3.4 million.
The families were selected from 3,000 people who wrote him in response to his plan announced in October to rent to low-income Hawaiians.
When the government can’t fulfill the needs of citizens, it’s awesome to hear stories about individuals doing whatever they can to help out.
