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October 13, 2017

Let's Talk About 4, 8 and 13

Homeownership

Whether you give any credibility to superstitions or not, it's important to know that they've played a fairly large role in shaping many cultures and ways of life. In fact, they play enough of a role that if you're looking to buy or sell a home, it may pay to do your homework on superstitions around the globe.

Brooms and ladders aside, let's focus on numbers and the role they play in real estate as they can heavily influence key buying and selling decisions.

Friday the 13th: Though it's origin is shrouded with speculation, Friday the 13th is still considered one of the unluckiest days of the year. Some homebuyers consider this number so unlucky they won't buy a home with the number 13 in the address. In fact, only 5% of high-rise condominiums in New York City have a 13th floor as developers won't take the financial risk. City planners often avoid the risk as well by dodging a "13th Street" – as is the case in Santa Monica, California, with planners choosing instead to name it Euclid in the 2nd – 26th Street sequence.

In Italy, however, the number 13 is thought to bring life and prosperity.

"Can we push our scheduled closing from Friday the 13th out to the 17th, you know, just to be safe?" – it happens! 

Eight. In Chinese culture, the number eight is thought to bring luck since it's pronounced much like their word for prosperity. In areas with strong Chinese influence, it's not unusual to see homes priced with an eight, such as $188,000, $228,000 or even $8,888,888 for large, commercial buildings.

Four. In Chinese culture, the number four is considered unlucky as it sounds like the word for death in Chinese languages. Want good luck selling your home? Stick with the eight versus a four, if you believe.

Back to the broom. Superstition has it that bringing an old broom into a new house will bring all your previous misfortune with it. Would you buy a new broom for your new home?

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