Japanese Billionaire Kawamoto renting 8 Luxury Homes to Low Income Families for 150 Dollars a Month
Real Estate tycoon Genshiro Kawamoto has decided to rent out 8 of his luxury waterfront homes on the Hawaii Island of Oahu for 150 dollars a month to low income families. The homes have been bought up over the past couple of years and are now sitting empty. Kawamoto is planning on putting a museum in 4 of the 20 homes that are part of this block of homes.
What do you think of this? I think it is pretty cool and a great opportunity for these families.
The low-income families could move into the furnished Kahala Avenue homes, purchased in 2005 for up to $3.4m each, as soon as this weekend. “They will be living in heaven now,” said Genshiro Kawamoto, 75, a real estate tycoon. Among Mr Kawamoto’s four rental homes is one with five bedrooms. The 603 square metre (6,489 sq ft) home was built in 1989 and is more than three times bigger than the average house on Oahu. Mr Kawamoto bought it in August 2005 for $3.4m.
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. Mr Kawamoto said it was difficult to choose families because there was so much interest. He expects to select four more tenant families as early as next month.
He said he was renting the homes “because the affluent people can help the least fortunate people”. Mr Kawamoto has spent about $115m to purchase 20 homes on Kahala Avenue since 2002. Many of the houses have been vacant since then.via Guardian Unlimited.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Kevin - WA on 22 March 2007:
I have worked with this segment for many years as a non-profit executive, and also today as a salesman of used mobile homes. I have a feeling that this good deed is going to bite him down the line. Fortunately it appears that he can afford to take the financial hit.
Comment by LAMoneyGuy on 22 March 2007:
It’s a fantastic and generous gesture. I hope for his sake that the fortunate families take good care of this gift.
Comment by Corey on 23 March 2007:
I’m predicting today’s existing home sales report will be 100,000 less than expected. Kiplinger says the Fed will ignore housing all year. More here: http://infohype.blogspot.com
Comment by Corey on 23 March 2007:
I’m stunned! Existing home sales data is in and blows away expectations. Is the bust over? http://infohype.blogspot.com
Comment by john on 24 March 2007:
Wow, where can I rent that house for a month?
Comment by Mark on 30 March 2007:
Qoute”Kevin – WA // Mar 22, 2007 at 10:18 am
I have worked with this segment for many years as a non-profit executive, and also today as a salesman of used mobile homes. I have a feeling that this good deed is going to bite him down the line. Fortunately it appears that he can afford to take the financial hit.”
Well its sad that some people will only do stuff if it reaps a finacial gain. I dont belive his intentions were to make a profit off this and perhaps he is just doing this out of the kindness of his heart to help the needy. He is thankful for his great life he has and is sharing it with others instead of being gready and only worring if its gonna be a profit gain or a finacial loss. We need more people like him in the world .. perhaps it would be a better place and people would get along better.
Comment by Fredrick Charles Guluma on 13 June 2007:
Send me e-mail address of Japanese billionaire Kawamoto
Fredrick Char;les Guluma
E-mail: gulfredrick@yahoo.com
Comment by Sue on 18 July 2007:
I hope i have the ability to do the same!
Comment by josefina beltran on 9 September 2007:
please help me before my house and lot is foreclosed. My family and I will be living in the streets if before October 2007 I can’t pay the mortgage total equivalent to $25,000. please help me, I am old widow and unemployed. I am from the Philippines. I am very poor. I already wrote to Mr. Genshiro Kawamoto requesting for help. Please help me and my family. you can reach me through my email add. thank you and God bless us always.
Comment by josefina beltran on 9 September 2007:
In God’s help I would like to reach Mr. Genshiro Kawamoto. Please help me before my house and lot is foreclosed. Please, please, please. God bless you.
Comment by tanya on 24 September 2007:
were can we sign up for a house i need one for me and my family!please help me! my e-mail is she_bite@yahoo.com please i am a 19 year old mom with 2 kids i need a place to call home!
Comment by janice melvin on 20 October 2007:
please help me please, i need everything, money, car, vacation, home, i have not been on a vacation in 20 years, lived @ 1 place for 27 years and owner want her place back, got sick and have major medical bills!!!! please email or write po box 25029 washington, dc 20027
Comment by cynthia nowick on 21 October 2007:
Mr.Kawamoto, If you happen to run across this comment, you purchased our family home approximately 15-20 years ago and stated that if we ever wanted to buy it back from you we could. My family has suffered many unfortunate losses over the years, we would be VERY interested in working something out with you with regards to buying our home back. Please contact me @ the following address : PO BOX 6858 Ocean View, HI 96737 Mahalo & A Hui Hou
Comment by Grace Cruz on 22 October 2007:
I need financial help and I found your web site and read all the things you are doing to help other’s and I thought that may be you could help me and my family. My husband is disabled and my sister lives with us and she can not find a job I think it’s because of her age. Any thing you can do will help us. We only have one income that is my husband’s check from the state of 640.00 a month.
Comment by valerie truong on 29 January 2008:
I am a 25 year old asian girl that hasn’t been able to smile for over 10 years.Why? I have alot of missing teeth. For as long as i could remember I have put my name down on the Australian governments dental list to get free treatment but they never replied.I went in 3-4 years later after no reply and they said they couldn’t find my name.I then put my name on the list again and still they haven’t called me.After reading what you have done for those less fortunate,i want to beg you for your help.Please help me pay my dental fees so I can smile once again.I cry alot.There’s not one day that goes by that I look into the mirror and feel all embarrassed.. People won’t employ me just because i have no teeth and can’t smile.I wish with all my might someone would help make my dreams come true!!!
Comment by Leilani on 29 January 2008:
Anyone have Kawamoto’s address? My son is adopted and of Hawaiian ancestry. Our family is a motley crew of colors and races. We are not desperately poor, but know how to maintain property well.
My son is very talented in some areas such as photography and luthiery. He’s very hardworking, too.
We have another adopted daughter who is dark-skinned and of Japanese ancestry, as I am.
We can certainly fit the “color” criteria….
Comment by vera asentista-fergerstrom on 19 March 2008:
my husband and i is able to up keep your property and the maintenance of your property.my husband is a landscaper and i am a housecleaner. we are not native hawaiians but we’re both born in hawaii. husband is 48 and i is 51. the community will never have to complain about how your property looks.both of us were homeless before and worked real hard to get out of homelessness. thank you for your time.
Comment by Wendymay Cameron on 29 July 2008:
Dear,Mr Kawamoto, my name is Wendymay Cameron I live in Phoenix Arizona, with my 70 year old mother and my to young great newphews one who is disabled. Me and my mother are disabled,and recieve limited income. My parents have been separated for a long time,but my father helps us buy paying our rent. We have a four bedroom house and pay about 820.00 dollars a month. I just found out on July, 24th that my father is dying of cancer and is losing his battle fast, Me and my mom and newphews and our three small dogs, will have to move. We cant afford the cost of moving and the price of our house. I was hoping that you or maybe you new someone who could help me and my family. We dont have a lot of people who can help us and the worry and stress is making us both sick. thank you for listening and if you can help. If you cant that is alright and I thank you anyway. May God Bless You Always… Love, Wendymay
Comment by Jan on 12 August 2008:
Well even if he wants to rent it to low-income families and to help them it’s still a huge money that Mr. Kawamoto will receive by pay day.
Comment by Pomaika'i on 19 January 2009:
Does anyone know how to contact Mr.Kawamoto?
Comment by Deborah on 7 May 2009:
God Bless him for such a great heart. I wish we had someone where I live that would be that generous. I am 55 and me and my daughter,her husband to be ,granddaughter, and his mother live in Ohio and there is no work and we were all wanting to move to Florida so they could find work. His mother and I are on social security disability and we are going with them to help out financialy. We have low income they cant find jobs and we are desperate. We dont even know the first step to make this move or even if we will have enough money to even do it. So God Bless you Mr. Kawamoto for what you have done for these people because I know how scared and depressed they were before they were blessed with this oppertunity becauseI am there. God will realy bless you for your heart.