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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (9046)	8/5/1999 9:50:00 PM
From: Dayuhan	Read Replies (1) \| Respond to of 9980

Caveat Emptor, as always. I bought a lot just outside Manila back in the late '80's, with the advice of a geologist and an engineer. Turned out to be an excellent investment. It's on high ground overlooking a valley, and we used to walk the half-mile or so down to the dropoff, where a pretty ravine cut down between two hills. A few years back a developer came in, bulldozed the tops of the hills into the ravine, graded the whole thing, and sold it off as residential lots at premium prices. It looked great, but I wonder how the poor schmucks who built on that loose fill feel about it now. The same developer built a drainage system which failed to consider water's tendency to flow downhill; the people at the bottom of the hill suffer the consequences. Americans who rant over the negative effects of regulation have often been insulated from the negative effects of non-regulation for so long that they've forgotten them. A little control over business is not always a bad thing.