The Daily Stat: The Value of Living at 888 Oak Street

 

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May 19, 2014 The Value of Living at 888 Oak Street In North American neighborhoods where more than 18% of the population is ethnically Chinese, homes with address numbers ending in 8 sell at a 2.5% premium, and those ending in 4 sell at a 2.2% discount, says a team led by Nicole M. Fortin of the University of British Columbia. The team, which studied areas around Vancouver, British Columbia, notes that 8 is considered auspicious because the word for it in Mandarin and Cantonese sounds like the word for prosperity; the Chinese word for 4 sounds like the word for death. It's unclear whether the lucky-number effect extends to second-generation Chinese. SOURCE: Superstition in the Housing Market

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