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@neftaly

I visited Pakatoa island for a few days on the long weekend! The caretakers, Nigel and Fi, have a microwave link to Waiheke island, but are otherwise completely alone.

It used to be a resort in the '80s, and everything was basically abandoned as-is. The cabins still have tables set and beds made. In the background are a bunch of Wekas; free of introduced pests, they've basically taken over the island.
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Their house is basically 2 cabins on the beachfront, with the dividing wall knocked out. Across the road is a pub and restaurant. There was a lot of original food and booze left sitting around (the tuckshop is still set up with a till and a bunch of stock, and the bar is fully stocked with circa-80s beer/wine/spirits).
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We went diving for scallops in the morning. You just see the mast of his (24ft iirc) sailboat on the left; Nigel is planning to do a solo trans-tasman crossing next year.
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There used to be a power cable to the island connected to a substation, but it keeps getting picked up by anchors and dredges. Nowadays there is wind, solar, a big new generator, and an older generator.
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The local fire service
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View from the secondary water tanks
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"Harrods", the old rubbish dump. All the good stuff has been gradually dug out and sorted.
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The dam, used as a backup water supply and to irrigate the golf course (once a planned use for the island).
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The main beach. Mistake Not is moored in the background.
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Sewerage treatment plant
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@mmckegg
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@cel
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@Anders
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@Nonlinear
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@nanomonkey
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@nanomonkey

And it's for sell?! The place is beautiful. I wonder what it would go for and if I could get citizenship if I pitched in on it. :)

@substack
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@dangerousbeans
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@dangerousbeans

Lets do an ICO and buy it

1 token = 1 old bottle of 80s alcahol

@mikey
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@dangerousbeans

@neftaly how much is the island?

@dangerousbeans

apparently it's $40,000,000 NZD

@neftaly

I think the owner has had higher offers from overseas, but doesn't really need the money (land bank), and would prefer to sell locally.

I told Nigel about #tangleball and #hAKLand - he may visit the next time he is on the mainland! Fiona is also pretty interested in SSB (I showed them #spider-farm and #boats).

@neftaly

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@dangerousbeans

Found a video: https://www.youtube.com/watch?v=wcWcXtgQjLc

@nanomonkey

188,461 schmeckel!

@dangerousbeans

240,000 sq/m

$40,000,000 NZD

1 sq/m land = $166.66

@dangerousbeans

1 sq/m land = $115.84 USD

@juul
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@Dominic

I understand that before it was going to be a resort The Salvation Army ran it as a place for alcholics to go to dry out. I understand that women went to one island and men went to the adjacent island. so close yet so far.

@Dominic

Am totally down for that but I'd be more interesting in something more affordable. Like, a regular farm would be way less per square meter. like, 20 times less! That means you can have 20 times more land!

@nichoth
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@neftaly

Yep! There was an old dock and a big single building that everyone boarded in - the units were added for the resort. Nigel remarked on the irony of going from a place for teatotalling to a place designed to get people as drunk as possible.

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@Dominic

40,000,000 / 100 = 400,000 per bedroom! you could actually buy entire houses (okay, not in auckland) for that price!

@olso
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@miked
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@Nate

I have been in contact with the owner, (my uncle) had put a rough idea together and got a lot of interest internationally. That was before I understood ICO...

This presentation was aimed more at big purpose investor friends. My main vision is an opensource research and development island, developing things such as micro food supply, SSB or free energy devices.

If someone would like to start a conversation between trusted parties, how do we best do that here? (I'm kinda new to patchwork)

I know the real sale price and what the previous offers have been

Lets just say, theres a major discrepancy there, in our favor

@Nate

https://docs.google.com/presentation/d/1zDp8x7A40VJK6jIMCUythjmFxE0ieGYdDuEWb6XJteU/edit?usp=sharing

@Nate

They still found a way to get to Rotoroa, sober and horny... I'd give it a go

@duncan
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@balon
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@substack

ICOs have some problems because unless you're very careful they may amount to regulated securities. As I understand it (but @kemitchell would know better), in addition to other penalties, you may be liable to refund the initial purchase amount if you sell to unaccredited investors. I also don't see how much use there is in creating a commodity that can be traded to represent the value of a big asset. Financial speculation on land and treating land as investment is part of why houses are so expensive and why there are 5 to 10 times as many vacant homes as homeless people.

For a better example, you can look at how the omni commons bought a 2 million dollar building in north Oakland by pooling resources from a dozen or so collectives along with an anonymous donor chipping in 1 million (or maybe it was a low or no interest loan?). They got a loan from a bank using that money as a down payment and they are now paying down a mortgage which is much lower than they were paying to rent the whole building previously. Some members of some of the collectives gave out interest free personal loans while all the deals were going through.

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@testdude2
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@hevc
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