Author:
Bourassa Steven C., ,Peng Vincent S.,
Abstract
In contemporary practice, feng shui incorporates a wide range of concepts considered to affect a person’s luck. These include traditional ideas about site selection and building design, as well as newer beliefs about the “luckiness” of certain numbers. Focusing on an area with a relatively high percentage of Chinese households in Auckland, New Zealand, this paper uses hedonic price analysis to investigate whether house values are affected by lucky and unlucky numbers. Sales transactions for 1989 to 1996 are used in this analysis. The results demonstrate that lucky house numbers are capitalised into house values.
Publisher
Global Social Science Institute
Subject
Economics and Econometrics,Urban Studies,Finance,Accounting,Geography, Planning and Development,Demography
Cited by
12 articles.
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