My father dreamed of building his own house, but doing that in India is an unbelievably complicated process. The first thing you had to do was purchase a piece of land for the house. Then, you had to apply for an allotment so that you could buy the steel rebar, piping, cement and everything else you would need to construct the house.
India is a socialist country, so the products listed above were not always readily available, and they were distributed based upon a quota system. After the house was built, you had to go through even more political maneuvering to have your sewage, water and electricity connected. Needless to say, it could take years for all of these things to happen, but there was another way to get it all done.
This is when “the fixer” enters the picture.
Who Are the Fixers?
Like with all dysfunctional governmental administrations, fixers know exactly who to talk to when they need to accomplish something. The fixer is someone who throws money around or promises to do someone a favor to ensure that a project is competed. If you were to do things by yourself, it would take two or three years before you could declare that you were finished with anything, but a fixer shortens this time to a couple of months.
Even though he had a fixer on the case, my father’s house wasn’t completed for several years. People don’t have to go through that process today because new technology is making it possible to build a house in less time, and this makes building a home a much less expensive endeavor than it used to be.
Introducing 3-D Printing
The new technology is called “3-D printing,” and it is about to become the conventional way to build a house because of the incredible damage that hurricanes Irma, Harvey and Maria have caused this year. Harvey is responsible for destroying 12,700 houses, and Irma did away with 25 percent of the housing in the Florida Keys. Maria caused $30 billion worth of damage to houses in the Caribbean.
Dominica is an island with which I am personally familiar because of the many trips I have taken there to go canoeing and hiking, and it has come close to being entirely devastated. Practically 100 percent of the houses and other buildings were demolished this year. If Dominica had to re-build all of these properties in the same way that they were built the first time, this tiny island would never be able to afford it. It would require Dominica to spend more money and time than it has.
The X1 Robot from Cazza
There is a solution to this problem, and it is in the hands of a company called “Cazza.” Cazza is a 3-D printing company that developed an X1 robot that has 3-D printed several structures, such as commercial buildings, warehouses, shelters, villas and houses in seven days.
According to Cazza, 3-D printing can lower building costs by 40 percent. For a house that would cost $50,000 to build, 3-D printing would bring the price down to $30,000. Don’t forget, a house that is constructed by 3-D printing is ready in just one week.
Authorities have estimated that the potential costs of the hurricanes are equal to $340 billion. We can safely say that 30 percent of the damages were done to houses and other buildings. If we employ Cazza’s X1 technology to rebuild everything that has been razed in the hurricanes, the savings could equal $40.8 billion.
That is absolutely fantastic!
That’s why 3-D printing of buildings has captured my imagination so intensely. If we can begin to re-build houses and other buildings with 3-D printing now, we would have every reason to use this same technology to build everything in the future. This will bring housing costs down, and companies that can provide 3-D printing to customers are going to see their stock prices skyrocket for many years.
These are the types of companies that I recommend to my readers. Subscribe to my publications if you are interested in finding these gems that are investing in new technologies that are making people’s lives better.
About Paul Mampilly
Paul Mampilly definitely has the experience to offer others advice about the stock market. He arrived on Wall Street in 1991 when he took a job with Bankers Trust as an assistant portfolio manager. He moved on to Deutsche Bank and ING where he was given the responsibility of managing accounts worth millions of dollars.
Executives with Kinetics Asset Management knew a good thing when they saw it, so they invited Paul Mampilly to join them in their company as a hedge fund manager in 2006. Paul Mampilly proved to be worth the trouble because he turned the $6 billion company into a $25 billion enterprise while he was there. The firm also received the honor of being named the “World’s Best” by Barron after the firm averaged 26 percent annual returns under Paul Mampilly’s leadership.
The Templeton Foundation selected Paul Mampilly to participate in its prestigious investment competition. Paul Mampilly lived up to this challenge and turned an initial $50 million investment into $88 million in just one year. If that wasn’t enough, he managed to accomplish this incredible deed during the financial crisis of 2008 and 2009.
After all of his above-mentioned successes, Paul Mampilly had had enough of Wall Street and making the ultra-rich even wealthier. He “retired” to spend more time with his family and to found Profits Unlimited and Extreme Fortunes, two newsletters that help regular people make money on their investments. He also created a new research service called “True Momentum.”