Court remands TMT sublease

[VancouverIslander]

quote:

---

Originally posted by gypsy69

Maybe some would care to enlighten me as to how this TMT project would help out our homeless or middle class that now live here on the big island?

http://www.civilbeat.com/2015/02/living-...dle-class/

Hopefully Tomk, PaulW, hotpe, and kalakoa you will share your constructive opinions as to how this TMT telescope would better the lives for the majority who live here in puna.

---

You do realize, of course, that the article you linked talks almost exclusively about how Honolulu is un-affordable for the middle class, right? Now, despite what others have said subsequently in answering your question, I'd like to ask this: why is it the responsibility of TMT to do anything for the poor or middle class? It's job is to expand scientific knowledge in the world for the benefit of all. Still, despite their mandate, they provide a million in scholarships as well as many millions in terms of boosting our economy by providing well paying jobs, both during the construction phase as well as during operation. Side benefits include increased service sector jobs to serve the highly paid workers at the observatory since they will spend the bulk of their hard earned cash on the Big Island. If all we do is try to hold every project hostage for whatever we can squeeze out of them, there will be no projects and no jobs and everyone will be relying on welfare.

The best thing for the middle class is to not wait for someone else to do something for us and to forge ahead and do things for ourselves. Once we own a house, we can build equity, borrow from it to buy other houses to rent out to serve the needs of those who can't afford the down payment or cleverly follow the advice on PW to rent before you buy. Everyone wins when you do things like this. REnters have a place to live, you have someone to pay down the mortgage on the rental house while waiting for real estate values to rise. My wife's cousin and her husband did this in Vancouver starting about 40 years ago and now they own more than 20 houses in the hottest real estate market on the planet. They started out very middle class and are now wealthy. There are more millionaires created in real estate than everything else combined. This will work in Puna as well even though it's one of the few spots on the planet where they are making more land.

Sorry for the rant. I strongly believe that we all need to be personally responsible for our own financial well being. Looking to others to provide for us make us weak in a world that demands strength to be successful.

Just call me Mike