Specters and Speculators: The People Buying Ha…

Specters and Speculators: The People Buying Haunted Homes:

According to Chinese superstition, houses in which people have met untimely or abnormal ends are haunted by their vengeful spirits. Most Chinese investors avoid such properties, believing the homes bring bad luck to their careers, health and businesses. As a result, properties in which an unnatural death has occurred often sell at a discount — or not at all. But as housing prices in major cities see double-digit increases, some bargain-hunting investors are targeting estates colloquially known as “xiongzhai” or “haunted homes.”

“The concern over haunted properties is just the fear of ghosts. What’s there to fear? I’m already being haunted by poverty.”