You may want to check back in 10+ years. Benefits of infrastructure won’t be known till decades later.
I recall Singapore spent billion of dollars in building HDBs that become ghost towns and MRT (subways) that people hardly use. Look at now. Those ghost towns are highly sought after and MRT is very crowded (with Covid, not so crowded now). So reserve your judgement till 10+ years later.
Infrastructure is built based on three possible goals:
a. Meet projected future demand
b. Catalyze demand
c. Scrambling to meet demand
For a. you don’t know outcome because can be not there or not enough.
For b. you don’t know outcome because need for promotion (hype?) to create demand.
For c. you are fire fighting.
Singapore/HongKong have a few better alternatives for mobility other than subways. That is why their subway system has some of the highest fair-box recovery rate. Similarly, there are not too many places where people can build home in those island cities. In Bay area, BART, VTA, ACE train, Caltrain run on huge losses and will not run a single day if not supported by taxpayers. People have better mobility options in bay area. Even bigger problem is when a strong authoritarian government kills private sector and free market to make their own government product successful. We can see this happening in Bay area where the money meant for roads/cars/parking/personal transportation are being diverted elsewhere. Similarly, Obamacare tried to kill private healthcare market to promote its own policies.
I was commenting on success/ failure of BRI can’t be known till 10+ years later. Are you saying won’t be successful at all?
I don’t know much about HK. In Singapore, many policies are co-ordinated across ministries. Is the main reason why many infrastructure projects are very successful. Singapore has a co-ordinating minister for infrastructure Responsibilities:
different aspects of urban planning and infrastructure provision - housing, commercial and industrial development, road and rail networks, and even Singapore’s IT infrastructure.
I didn’t say so I am not that smart like you, didn’t have a degree in an US college so can’t do brilliant analysis. I hedge my bet ie. holding on to the Cupertino SFH in case I will be back. Check my explanation to @notabene Head I win, tail I don’t lose.
Just kidding. Don’t take me seriously. I have a tiny portfolio of WFH/ cloud stocks that is not worth mentioning its worth. Is buy n hold … praying one of them is a SHOP or TSLA. Ok to list them, I think you might have some of them,
I gave two big ideas in my post. Cargo Train and Grain Exports.
12 or 17 days still huge improvement in just in time inventory system back and forth (EU/Asia/AFrica) and faster product revenue cycle in tech world.
when you observe FIFA cup 2018 in Russia. there is alot of high tech networking and security systems. There is high end software development capabiltiy.that managed and secured around 11 cities.for months ahead of games. Each team got separate training stadium and residential camp for months of training on top of actual stadiums.
so the more competence a country show the more R&D money it attracts. which country software service will you use .The country that provide cheaper food and cheaper healthcare or the expense one?. It does not end here. Public construction projects. All the expertize is moving out from SF bayarea except for Software. and if software shrinks in head count. even independent dentists and all the hospitals that need money per head count will have to further raise the prices. Attorneys and CPAs serving small business are already getting small client load.
It’s understandable that you may be hesitant to sell the property if you plan on returning to the Bay Area in the future. However, it’s important to consider whether keeping the property as a rental is the best use of your investment. If you’re not able to generate enough income to cover expenses and make a profit, you may be better off selling the property and reinvesting the funds in a more profitable venture.