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Started By
Message
Paying for pool
Posted on 1/19/18 at 7:07 am
Posted on 1/19/18 at 7:07 am
How are y’all paying for a pool with these rising cost? 7 years ago my dad put in a pool for around 60k (landscaping included). Now, I’m looking at 80K. I could save the cash, but it would take me a few years and my kids are only getting older. Yes, I know this is an luxury item that I will not get a return on, but I plan to stay in my house for a long time. Would financing about half the cost be such a bad idea?
Also, I live in the Atlanta area.
Also, I live in the Atlanta area.
14
Posted on 1/19/18 at 7:09 am to tennfly2
I would never buy a pool to start with.
Posted on 1/19/18 at 7:19 am to tennfly2
Just join a community pool
Posted on 1/19/18 at 7:21 am to tennfly2
quote:
How are y’all paying for a pool with these rising cost
If this question even enters your mind you shouldn't buy a pool
Posted on 1/19/18 at 7:24 am to tennfly2
Once I bought a house with a pool. Then I sold that house and vowed never to have another pool again. Money pit and there isn't enough time throughout the year to enjoy it.
Posted on 1/19/18 at 7:34 am to tennfly2
Pools and women.
Cheaper to use the community ones.
Cheaper to use the community ones.
Posted on 1/19/18 at 7:47 am to tennfly2
quote:
I’m looking at 80K. I could save the cash, but it would take me a few years
It's almost like you already know the answer.
Financing a pool is asinine.
Posted on 1/19/18 at 8:28 am to corndawg85
It’s asinine that the price of putting one in from 6 years ago is up 20 grand. Why?
Posted on 1/19/18 at 8:50 am to tennfly2
be trashy and buy an out of ground pool
and then try to cover said trash pool by putting a deck around it
and then try to cover said trash pool by putting a deck around it
Posted on 1/19/18 at 8:51 am to tennfly2
quote:
Would financing about half the cost be such a bad idea?
Financially, yes. It is not a good idea. And you should look into a community pool.
But you are right. Your kids are growing up. You are losing time you will never get back. Only you can decide if it is worth it to you and your family.
But, yeah. Financing a pool is generally going to be considered a poor financial choice by any unbiased observer.
Posted on 1/19/18 at 9:11 am to foshizzle
quote:
I would never buy a pool to start with.
If you don't live in Arizona, buying a pool is a terrible life decision
quote:
Now, I’m looking at 80K
Just buy a membership to a country club with a nice pool for kids.
This post was edited on 1/19/18 at 9:13 am
Posted on 1/19/18 at 9:22 am to tennfly2
I paid for my pool by financing it using a personal loan.
The interest rate was only 5.4% and it was unsecured.
Unique situation and hard to find, but it worked for us and I didn't have to put my home up as collateral.
The interest rate was only 5.4% and it was unsecured.
Unique situation and hard to find, but it worked for us and I didn't have to put my home up as collateral.
Posted on 1/19/18 at 9:52 am to tennfly2
Perhaps the pool you want is not the pool you need, it can be done far cheaper then that.
Posted on 1/19/18 at 11:19 am to tennfly2
quote:
7 years ago my dad put in a pool for around 60k (landscaping included). Now, I’m looking at 80K.
Are they exactly the same? Same size, construction, materials, location, pumps, contractor, etc.?
Posted on 1/19/18 at 1:01 pm to tennfly2
You can get this thing for 20K
Posted on 1/19/18 at 2:42 pm to tennfly2
I did a cash out refi. My mortgage monthly note stayed the same and only added 3 years onto it. My pool was only $52k though.
Posted on 1/19/18 at 5:28 pm to tennfly2
Even at $60k, think of the 10 years of family vacations you could take each year at $6k a pop. That would require no financing, would expose your kids to the world, make for awesome memories and experiences, and be a far more sensible investment than borrowing money to build a pool.
Join a community pool.
ETA: you say the kids are getting older....do you have the equivalent of what you’re spending on a pool stashed in their college funds?
Join a community pool.
ETA: you say the kids are getting older....do you have the equivalent of what you’re spending on a pool stashed in their college funds?
This post was edited on 1/19/18 at 6:13 pm
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