Real estate mogul tries to help poor families but does he?

Posted on March 22, 2007
Filed Under General |

Apparently, the rather wealthy Japanese real estate mogul Genshiro Kawamoto decided to give away some of his multi-million dollar houses to homeless and low-income families. He is giving away the houses for 10 years at no cost other than utilities. He claims that the cost of all these for him is nothing but pocket change. Well that is great, ain’t it?

I just wonder, how the hell will a homeless or low income family be able to pay the utility bill for these houses? Just watering the lawn or running electricity will probably come at a premium. I am not saying that the guy is not trying to do something nice. I just don’t understand why can’t he figure out a better way to make use of his properties to help the homeless. Say for example, he could donate one or more of these houses to the city that could turn it into a homeless shelter hepling more than one families.

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