House Number (Tetraphobia) Can dictate property Prices

Tetraphobia is an aversion to or fear of the number. The house number can be goldmine or a curse depending upon the people you are dealing with. The superstitious is alive and well” says Navtaj Chandhoke, founder of one of the largest Canadian Professional Real Estate Investors group (PREIG) CanadaI have seen people paying premium for numbers like 3, 8, 786 and so on and you will be bidding war, no matter what the economy is doing compare to number 4, 13 and 666 which means you will have extremely difficult time to sell and at much lower price.”

Tetraphobia

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Real Estate as Retirement Investment

Many of you don’t realize how lucky your grandparents/parents were in the 1970s. They were able to purchase a much bigger home than the one you have now, with a much bigger property, but for a much lower price than you would pay today. Are any of you wondering how this was possible? Well let me tell you how! You see, the average house in 1975 would sell for $57,581. After 1975 the price for an average home increased by almost $5,000 a year and in ten years the price almost doubled! The market inflated until 1989 when the average house would eventually sell for $273,698. So, if you would have bought a house in 1975 and sold it in 1989 you would have made more than $200,000 just for living in the house for 14 years. Just imagine if you had bought more than one house, lived in one of them, and rented the other, you could be rich! If only our ancestors were more aware of the housing market and inflation, even we their grandchildren could be benefiting from their success.

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