HONOLULU, Hawaii (AP) -- 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.....more
Renting a 6,000 square foot home to a low income family in my mind is trouble... The utilities and upkeep could easily exceed what they could afford to pay. Has anyone read 'The Millionaire Next Door'? It describes the issues young parents have when their family has given them money to buy a house in a nieghborhood they can't afford...the house can be given to them, but if they are not ready financially and mentally to afford the neighborhood it is nothing but trouble.
This guy is spending hundreds of millions on his philanthropic venture...if he were to spend that money in educational and motivational programs teaching the children of these kids financial management, entreprenurial spirit, ingenuity, and the benefit of charity and philanthropy...he could create generations of people out of the low income cycle...
Hate to say it but he's forgot the basic tenent...give a man a fish you feed him for a day, teach a man to fish....
Am I seeing this wrong?
Renting a 6,000 square foot home to a low income family in my mind is trouble... The utilities and upkeep could easily exceed what they could afford to pay. Has anyone read 'The Millionaire Next Door'? It describes the issues young parents have when their family has given them money to buy a house in a nieghborhood they can't afford...the house can be given to them, but if they are not ready financially and mentally to afford the neighborhood it is nothing but trouble.
This guy is spending hundreds of millions on his philanthropic venture...if he were to spend that money in educational and motivational programs teaching the children of these kids financial management, entreprenurial spirit, ingenuity, and the benefit of charity and philanthropy...he could create generations of people out of the low income cycle...
Hate to say it but he's forgot the basic tenent...give a man a fish you feed him for a day, teach a man to fish....
Am I seeing this wrong?