When looking to buy a home or other property in the U.S., location is typically at the top of the list—many buyers value properties with access to amenities like schools, parks, and an easy commute. But is that value shared by home buyers in developing countries? University of Illinois economist Hope Michelson looked at property transactions in Kenya near what she assumed would be a highly desirable location and found the real estate mantra, “location, location, location,” wasn’t necessarily the guiding principle there.