Real estate developer Visa Land and Lifescapes (VLL), owned by the family of Senator Manny Villar, is using the same strategy employed by Ayala Land Inc. (ALI) to simultaneously raise fresh funds and market to the public its residential units.
Vista Land recently announced details of its HomeBuilder Bonds which pay 5% interest per annum for a total minimum investment of P180,000.
Imagine a pot of live crabs being cooked in boiling water. Fighting for survival, all of them would surely try to escape. One crab could no doubt climb its way out of the pot. But this is not easy, because the other crabs beneath him would not let him escape. They will pull him down, thinking “If I can’t escape here, then you cannot too.” A few minutes later, all of them will be dead.
Such is the curse of the crab mentality.
