According to a recent MReport article, Researchers discovered that some homebuyers would pay $38,000 more for a “lucky” home. LendingTree conducted a study that highlights the role of luck and superstition when it comes to purchasing a home. The study found that four out of ten respondents admitted to “a superstitious explanation” for passing on a home. Superstitious reasoning, such as being close to a cemetery, unlucky street numbers, or a tragedy taking place in the home, kept people from purchasing certain homes. Additionally, roughly half of the respondents stated that they would overextend their budget to buy a home they considered lucky. On average, those who stated they would go beyond their budget for a lucky home, stated they would spend up to $38,000 more for the home.
WHAT ELSE DID THE REPORT FIND?
LendingTree found that younger adults are more likely to decide against purchasing a home due to superstition. 55% of Gen Z and 50% of millennials have avoided homes because of an uneasy feeling. The most-cited reasons for passing on a home were “I learned something bad happened in the home” and “ I felt bad vibes when inside the home”. The least-cited reason was because the home is “too close to a cemetery or funeral home”. Some respondents commented that these reasons might not completely deter them from a home, but they would anticipate a lower asking price. According to the report, “Half of those who responded to the survey said they have specific rituals they follow when moving into a new home to cleanse it of bad energy and prepare the property for their family”.
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