In my post on land-oriented investment, Mrs. Huang (Lisa’s aunt) pointed out that you can improve the wood “superstructure” but not the location. So what define a good location to me? school district –vs– connectivity are the 2 main factors, but RD and CC2 can be important. I’m willing to pay more if it’s worthwhile.

1. SD i.e. school district?
   1. usually correlates with appreciation but not RD
2. CC1 i.e. connectivity/commute — my soft spot
   1. usually correlates with rent and appreciation
   2. https://tanbinvest.dreamhosters.com/2017/05/08/clusters-of-contract-jobs/
   3. https://tanbinvest.dreamhosters.com/2017/05/25/subwayrailway/
3. street cleanliness. My pet peeve.
4. RD i.e. rent demand, as insurance
   1. I feel connectivity is key. Deep outskirts have demand too, but lower. However, the locations away from waterfront (like in JCity) may not be so easy to rent out, if house is old and streets dirty.
   2. risk management — what if we want2move after buying: RentOut!
5. CC2 i.e. Chinatown i.e. Chinese community
   • there would be good demand for Chinese preschools, __but__ I think she might be willing to commute for 30 minutes
   • Chinese language for my kids
   • grandparents visiting
   • 🙁 overpriced, due to Chinese investors!
   • 🙁 usually not good connectivity
   • 🙁 not necessarily good school district
   • 🙁 Phillip Huang pointed out that the Chinese population living right in a Chinatown is usually not a professional population
6. —- Below are LG2
7. car-free. See walkable neighborhood and https://tanbinvest.dreamhosters.com/2016/03/18/any-place-that-needs-no-car/
8. liquidity when I need to sell
   1. some remote school districts may not have enough demand
9. appreciation — automatically
   • would be reasonable if good school district
   • would be reasonable if good connectivity
   • would be reasonable if good rent demand
   • If I decide to hold long-term, then appreciation become a bigger factor than rent income
   • risk management — in a decline, good locations declines less.
   • depends on land size unless in a high urban location
   • I already have appreciating properties in Asia
10. safe, worry-free? automatically

Let’s look at Edison/Bayonne

• — At Edison/Bayonne, what criterion are important to ….family?
  1. SD – it’s already a given that we won’t pick a bad district
  2. price tag and reasonable size/condition
  3. street cleanliness, dilapidation, parks — i feel sunset park area is tolerable to wife but not to me
  4. commute
  5. CC2
  6. Chinese grocery
  7. RD — depends heavily on connectivity
  8. car-free
  9. psf
  10. appreciation — we already have many. Also, could be hard to predict.
• — At Edison/Bayonne, what criterion are important to ….myself?
  1. price tag and reasonable size — agility
  2. street cleanliness, dilapidation, parks — emotional level
     1. compare to water-front? I feel it’s irrational and harmful comparison
  3. commute
  4. car-free convenience
  5. RD — positive cash flow
  6. appreciation
  7. psf — i’m willing to pay a fair price for what I want
• — on my Edison/Bayonne visits, what I spend most time discussing
  1. SD
  2. monthly cost vs rental income
  3. street cleanliness and parks
  4. RD
  5. car-free
  6. appreciation