The seventh month of the lunar calendar often sparks discussions about superstitions and taboos, with people avoiding major decisions such as weddings, signing contracts, buying cars, and even getting haircuts. But what about buying a home, one of the most important decisions in life? Should it also be postponed until the next month?
Superstitions and Taboos: A Matter of Psychology
According to folk beliefs, the seventh month of the lunar year is associated with taboos, leading people to avoid making significant decisions. However, this is largely a psychological factor. In reality, buying a home is not an impulsive decision but a well-planned one. By waiting until after the “month of ghosts,” potential homebuyers may miss out on their dream home.
The Seventh Month: A Secret Sale Season for Real Estate
This is a practical perspective that is often overlooked. When many customers are superstitious and avoid making purchases, the market liquidity decreases. As a result, developers and brokers offer additional incentives to stimulate demand. In some cases, the same project may have a price reduction of hundreds of millions during this month compared to the previous month.
Fear of Interest Rate Hikes: A Greater Concern?
If you had to choose between the fear of the “month of ghosts” and the fear of rising interest rates, which would be more daunting? Superstitions can be eased with incense, but there is no remedy for rising interest rates. Waiting until the next month to sign a contract may result in tighter bank lending policies, increased capital costs, or someone else snapping up your desired property.
A House is Unaware of Superstitions: Focus on Fundamentals
A simple truth is that a house does not care about the seventh month or any other month. What matters are its quality, location, legal status, and price. If a home is beautiful, well-located, and legally sound, buying it during any month is a wise decision. Conversely, if a house is dilapidated, has complicated paperwork, and is overpriced, purchasing it, even during a lucky month, may not be a prudent choice.
The Final Decision: A Balance of Logic and Finance
So, should you buy a home during the seventh month? The answer depends on your personal circumstances. If you have found your dream home and have stable finances, there is no reason to delay. However, if you are still considering your options, this month presents a golden opportunity to negotiate as homeowners are often more flexible during this period.
The Bank Boosts Savings Rates Starting Today, August 21st – The Second Rate Hike This August
As of early August, 13 banks have increased their deposit interest rates, with Dong A Bank being one of the leaders in this adjustment.
“MB Competitive Savings Rates: Climbing Towards a 6% Annual Peak”
Military Commercial Joint Stock Bank (MB) has announced an interest rate hike on savings accounts, effective immediately. The increase ranges from 0.1% to 0.3% per annum, offering customers a more attractive return on their savings.
Two extremely unlucky days for store grand opening in 2024 may cause businesses to suffer financial losses throughout the year
Our ancestors used to say: “A good start leads to a good finish.” Opening a company or a store on a favorable day can have a significant impact on future business. A successful grand opening will help the company or store run smoothly, bringing in luck and prosperity. On the other hand, choosing an unfavorable day can have the opposite effect.
Invest in the ‘spiritual’ system
Terms like “feng shui,” “five elements,” or “eight trigrams” are not unfamiliar to the stock investor community. These concepts have been widely explored and discussed. However, their influence on the stock market remains a subject of debate. While some believe in the power of these ancient practices to influence market trends and investment decisions, others dismiss them as mere superstition. Regardless of one’s beliefs, it is clear that the intersection of traditional wisdom and modern finance continues to captivate and intrigue investors worldwide. In this ever-evolving landscape, understanding the nuances of these concepts could potentially offer valuable insights and perspectives for navigating the complexities of the stock market.
