Utilities & Mobile new tower

Was it a good deal?

 

Globe is looking for a tower location in Valencia and we have been approached but no details. I simply wanted to make a comparison. I guess that means Globe might be getting serious about becoming competitive in the area.

 

This topic of telco towers reminds me of a story I heard recently of a foreigner here in the Philippines who paid top dollar for a home in the mountains with an amazingly beautiful ocean view. However, a few years after buying the home, a company erected a tower directly in the path of his view, greatly diminishing his investment and enjoyment of the property. Food for thought if you are seeking a property with a view, because more, not less towers will litter the horizon in the years to come.

 

Someone has started a new tower in Valencia a couple of months ago.
It's located directly West of the park. About 400 meters from the market on the road going to Bong Bong.

 

There so many ways in which a house gets blighted - one of the risks of buying instead of renting. As you say, towers can ruin a view - as can trees on another person's land or a new house. Then there are changes to peace or smell - a big piggery next door, transmission cables over-head, squatters' camp, new airport or flight path, rowdy neighbour(s), very frequent earthquakes, major volcanic eruption. Just cross your fingers and pray!

 

We have a lot in Valencia that might suit Globe, do you have a contact for the people that approached you ?

 

Happens everywhere. About 15 years ago I was living on the 16th floor in a high rise (31 floors) on the Upper West Side of Manhattan. Our side of the building had no view, but the apartments on the other side had spectacular views of the Hudson River and New Jersey palisades. These were high density, middle-income rental apartments when built in the 1960s in wake of the blighted nighborhood they tore down ("West Side Story" took place and was partially filmed). In the early 1990s the buildings went co-op and by 2005 were worth a fortune. But between these mundane, huge apartment buildings on the bluffs and the river sat the all-but-abandoned rail yards that ran along the New York side of Hudson shoreline. Donald tRump held the rights to those rail yards. He proceeded to build luxury high rises cutting off the views of all those older apartments. Not a thing could be done, and tRump didn't care. Since then, every one of those condo "tRump" buildings has changed their rules to tear the tRump name off their buildings since he had always been *sshole-in-chief to their condo associations. The buildings remain. tRump owns not a penny of them. And not one of them bears his blighted name. But the views from the old apartments will never return.