It does not include the value of the land, but is the cost of rebuilding your home.
But one of his ministers later declared that the war coalition should bear the cost of rebuilding.
Earlier, the International Monetary Fund said it believed Japan's economy was strong enough to afford the cost of rebuilding the damage from the earthquake and tsunami.
Various guesses have been made about the cost of rebuilding.
Even if the outcome is successful, Japan, to avoid floods of North Korean refugees and to preserve its relationship with Uncle Sam, will have to fund a huge slug of the cost of rebuilding North Korea.
Rome was set to host the 1908 Olympics when Mount Vesuvius erupted two years prior, forcing the city to forgo the Games due to the cost of rebuilding (although some historians speculate that Italy was struggling to fund the event even before the volcano erupted).
But the final cost of rebuilding a battered Iraq will depend on how quickly the country manages to get back on its feet -- it does after all have the second largest oil reserves in the world, and a fertile agricultural economy.
There were doubts about the wisdom, much less the cost, of rebuilding.
Particularly when weighed against the incalculably high cost of rebuilding an American city after it has been attacked with a weapon of mass destruction, even a large investment in defending the country seems hardly unreasonable.
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There have been bipartisan complaints from Congress about being kept in the dark about the figure, while administration officials have consistently said it was impossible to predict how much the war -- and the rebuilding of Iraq -- would cost.
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The opposition parties favour rebuilding the state pension in effect passing the cost of Britain's ageing population on to tomorrow's taxpayers.
Donald Powell told reporters yesterday that rebuilding the New Orleans levies could cost billions of dollars more than expected.
His employees started to throw out recommendations of how to address the high-cost buildings, including consolidating their workforce or simply rebuilding.
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