Nation building via learning and being the best in business
This post just show collapsed building at the cities in Southern Philippines which experienced magnitude 7.8 tremors recently. Many have been injured many have died.
We had a project in Polomolok, a municipality 15 km from Gen San and we could have gone on investment spree at neighboring towns which now are very progressive.
But the recent earthquake may have pushed back progress by a couple of decades. Maybe reconstruction will be quick. The earthquakes have been strict building inspectors. And clearly many have subscribed to lower magnitude of earthquake, or enforcement have not been up to par.
This post avoided investments in
1. Tagaytay (near Taal volcano)
2. Baguio (Punongbayan said that a lot of geological changes will take place in Baguio
3 Pampanga and Zambales (due to Pinatubo)
4. Bulacan (it is sinking)
Is this post being ultraconservative or is this wise risk management?
What do you think of these disasters vs investments?
George Bockl, whose book on real estate I read many times warns of unchangeable faults (those that exist and cannot be remedied by repairs of human efforts. Who can prevent damages from earthquake or volcanic eruptions? or collapse of property near a riverbank or sea?