Lucky address can add up to big gains in house sales

on average, around five figures when superstitions run in a seller’s favour.

You don’t have to believe in superstition for it to hex your house, if the results of a forthcoming Canadian study are any indication. Reporting in the journal Economic Inquiry, researchers uncover enormous costs associated with “magical thinking” in real estate transactions in neighborhoods with a high concentration of Chinese residents.

The good news, however, is that they also identify payoffs on average, around five figures when superstitions run in a seller’s favour.


READ FULL STORY:  Courtesy of business.financialpost.com

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