The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective
This study examines the influence of negative Feng-shui features on the prices of foreclosures (the houses subject to court-enforced auction) in Taiwan using the Google Street View function. The research objectives are threefold. Firstly, the study aims to compare whether foreclosed houses with nega...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2023-12-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/21582440231217901 |
| _version_ | 1797384642748219392 |
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| author | Chin-Tai Kuo Yu-Hsi Yuan Wang-Ze Gao Chia-Ning Jao |
| author_facet | Chin-Tai Kuo Yu-Hsi Yuan Wang-Ze Gao Chia-Ning Jao |
| author_sort | Chin-Tai Kuo |
| collection | DOAJ |
| description | This study examines the influence of negative Feng-shui features on the prices of foreclosures (the houses subject to court-enforced auction) in Taiwan using the Google Street View function. The research objectives are threefold. Firstly, the study aims to compare whether foreclosed houses with negative Feng-shui features have longer auction times and higher discount rates compared to those without such features. Secondly, it seeks to explore the impact of negative Feng-shui features on investors in the foreclosed house market. Lastly, the study aims to assess the varying degrees of influence of different negative Feng-shui features on foreclosure prices. The findings of this study indicate that in the metropolitan area of Taiwan, foreclosures with more negative Feng-shui features tend to have longer auction times and higher discount rates compared to those without such features. Negative Feng-shui features may cause delays in investor bidding. Among the 12 negative Feng-shui features analyzed, only the presence of “facing-temple” is found to have a negative effect on foreclosure prices. This suggests that foreclosures with the “facing-temple” feature tend to have lower prices and potentially higher discount rates. The other 11 negative Feng-shui features do not have significant effects on auction pricing. This study discovered that the “facing-temple” was a significant negative Feng-shui feature in foreclosures in Taiwan against the traditional perspective. And it provides investors’ concerns toward foreclosures and their tendency in prices of foreclosures in Taiwan. |
| first_indexed | 2024-03-08T21:39:03Z |
| format | Article |
| id | doaj.art-e4cba6c2624e40ccb59720789269adb7 |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-03-08T21:39:03Z |
| publishDate | 2023-12-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-e4cba6c2624e40ccb59720789269adb72023-12-20T16:05:26ZengSAGE PublishingSAGE Open2158-24402023-12-011310.1177/21582440231217901The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural PerspectiveChin-Tai Kuo0Yu-Hsi Yuan1Wang-Ze Gao2Chia-Ning Jao3Chinese Culture University, Taipei, Taiwan, R.O.C.National Taiwan University of Arts, New Taipei City, Taiwan, R.O.C.Lishui Bureau of Nature Resource and Planning, Zhenjiang, ChinaMing-Guan Land Administration Agent Office, Taipei, Taiwan, R.O.C.This study examines the influence of negative Feng-shui features on the prices of foreclosures (the houses subject to court-enforced auction) in Taiwan using the Google Street View function. The research objectives are threefold. Firstly, the study aims to compare whether foreclosed houses with negative Feng-shui features have longer auction times and higher discount rates compared to those without such features. Secondly, it seeks to explore the impact of negative Feng-shui features on investors in the foreclosed house market. Lastly, the study aims to assess the varying degrees of influence of different negative Feng-shui features on foreclosure prices. The findings of this study indicate that in the metropolitan area of Taiwan, foreclosures with more negative Feng-shui features tend to have longer auction times and higher discount rates compared to those without such features. Negative Feng-shui features may cause delays in investor bidding. Among the 12 negative Feng-shui features analyzed, only the presence of “facing-temple” is found to have a negative effect on foreclosure prices. This suggests that foreclosures with the “facing-temple” feature tend to have lower prices and potentially higher discount rates. The other 11 negative Feng-shui features do not have significant effects on auction pricing. This study discovered that the “facing-temple” was a significant negative Feng-shui feature in foreclosures in Taiwan against the traditional perspective. And it provides investors’ concerns toward foreclosures and their tendency in prices of foreclosures in Taiwan.https://doi.org/10.1177/21582440231217901 |
| spellingShingle | Chin-Tai Kuo Yu-Hsi Yuan Wang-Ze Gao Chia-Ning Jao The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective SAGE Open |
| title | The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective |
| title_full | The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective |
| title_fullStr | The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective |
| title_full_unstemmed | The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective |
| title_short | The Impact of Recognized Features of Uncomfortable Houses on Auction Prices: A Chinese Cultural Perspective |
| title_sort | impact of recognized features of uncomfortable houses on auction prices a chinese cultural perspective |
| url | https://doi.org/10.1177/21582440231217901 |
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