Home or a house

March 23, 2007 – 1:47 am

Billionaire gives mansions to Hawaii’s native homeless

  • Billionaire gives three families keys to multimillion-dollar houses Thursday
  • He says he will open eight of his 22 homes to needy Hawaiian families
  • The families will be able to stay in the homes for up to 10 years
  • Some neighbors speculate he is trying to drive down real estate values

Is he being philanthropic or a property trader? time will tell.

His neighbour was saying:

“Everyone’s paying homage to him, but in reality, he’s the problem,” said Mark Blackburn, who lives down the street from Kahale’s new home. “Houses are homes. They’re made to live in; they aren’t investment vehicles.”

From the desk of Tradergav.com


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    3 Comments »

    Comment by LP
    2007-03-23 14:05:32

    I don’t care what his motivation is as long as it helps a few people out. Good to know that there are people like that out there.

     
    Comment by Gav
    2007-03-23 20:15:11

    Yeah. At least for the coming 10 years,he does help some people out. Just hope he won’t be evicting out tenants with short notice just to sell the house again )

     
    Comment by easwaran
    2007-03-24 01:52:49

    beloved tradergav,
    thanks for your information
    this keeps us
    to have hope that this world will be better
    thanks
    cheers
    easwaran
    india

     
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