I am proud to say that I, Greg Watson, of Palmerston North, Manawatu have solved the New Zealand Housing Crisis
... and you're welcome.
There is only one small catch but bear with me on this......
Recently Jeff Bezos, C.E.O. and founder of Amazon spent $256.3 million dollars (NZD) on a house in California, breaking the previous record for the area for a sales price.
Source: Associated Press
Bezos, named "the richest man in modern history", has a net worth (according to stuff.co.nz) of about NZ $236 billion dollars. Let's just have a look at that written down.....
It was a palatial property, called Warner Estate, designed in the 1930s for Jack Warner, the late former president of entertainment giant Warner Bros.
Warner Estate Aerial View: Source Alex Wong/Getty Images; Los Angeles County/Pictometry
A headline in stuff.co.nz reads "The most expensive home in LA cost Jeff Bezos only 0.13% of his net worth"
..... and that got me thinking. The Christchurch rebuild estimates from July 2018 indicated that $40 billion dollars will be required, and when I saw the worth of Jeff Bezos it got me thinking.
Let's see how many homes Jeff Bezo's could build in New Zealand for the same price as his new mansion:
At the New Zealand Median house price of $640,000, he could build 400 houses to help the homeless or at the Manawatu Median House price he could build 640 houses!
Wait a minute! Jeff Bezos is visiting New Zealand at the time of writing (stuff.co.nz), his private jet was spotted in Wellington - as was he.
If his new 'home' in California cost him 0.13% of his net worth, then I can indulge my fantasies of asking Jeff for some help.
At the New Zealand median house price, he could build 369,093 homes for kiwis to live in - solving the housing crisis for years to come.
But, hey the guys gotta live right, so let's say he keeps half his net worth - he could still build 184,546 homes.
So Jeff, while you are in the neighbourhood, why not drive to Palmerston North, pop into my office and we can figure this all out!!
So here's the small catch, Jeff Bezos would have to agree with me.
Dreams are free, but what a dream it is!! Let's get cracking . . . .
Source Nick Paradise, Dribbble.com
If Jeff Bezos built us around 360,000 homes at 100 houses per day in New Zealand it would take just less than ten years!
Until next time.
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