In Southern California real estate, 4 is a negative number

From the LA Times:

Did you know that in Southern California (and I am sure this holds true for any asian buyers out there), that having a number “4”in your address is bad, terrible, horrible luck?  “4” sounds like death in Mandarin, Cantonese, Taiwanese, Japanese, and several other languages.

Having an address with 4’s in it can cause your house to sit on the market for months, even if it’s in a hot area, like Arcadia or San Marino, many buyers will not even consider viewing your property. Numbers like “8”, and “168” are good luck, and those houses often sell for asking, if not over.  Asian culture is very superstitious, and if you are in any sort of sales, it’s always a good tip to know in case you deal with them.

This story cites an example of where a house was appraised at $1.4 million, and because there were two 4’s in the address, it could potentially knock $300,000 to $400,000 off the property.  And it’s true – having been in real estate for a short stint, I knew hot to even bother showing the houses with too many bad numbers to my clients, unless they were more Americanized or specifically told me they didn’t care.

So, if your home has the poor fortune of having one too many “4s” in its address, the city of Arcadia now proposes a solution for you – you can pay to have the house number changed, which would hopefully lead to better luck and later, resale value.  I think it’s a smart way to close the budget gap, if there is one, and if it creates multiple offers, why not?

Advertisements
Tagged , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: