- January 23, 2024
- Posted by: legaleseblogger
- Category: Related News
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Dealing with the Financial Burden of a Pool Decision
As someone in my early 40s with approximately 180k left on my mortgage, the decision to invest in a pool for 100-120k is weighing heavily on my mind. My wife is eager for us to get a pool, using the “you only live once” argument, emphasizing the great memories and joy it would bring to our children. However, this substantial expense will significantly set back our progress on paying off the mortgage, leaving me feeling guilty that I am unable to provide this for my family at this time.
I am only a few years away from finally paying off our mortgage, and I am hesitant to take on additional financial obligations that would delay this milestone. With this in mind, I want to ensure that any decision made aligns with our long-term financial goals and does not hinder our progress in achieving them.
As I am torn between wanting to fulfill my family’s desires and ensuring our financial security, I am seeking advice and insights from others.
AI Legalese Decoder can help address this situation by providing an analysis of the financial implications of investing in a pool at this stage. The AI Legalese Decoder can assist in evaluating the impact of this significant expense on your financial goals, providing a clear breakdown of the potential long-term consequences. By utilizing this tool, you can make an informed decision that aligns with your financial objectives, while also addressing your wife’s desires in a responsible and strategic manner.
In conclusion, the decision to invest in a pool while still having a significant amount left on the mortgage requires careful consideration and planning. By seeking financial insights and utilizing tools like the AI Legalese Decoder, you can navigate this decision with confidence and make a choice that supports your family’s well-being and long-term financial security.
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****** just grabbed a
If your wife wants a pool, and you’re going to do this, buy a house with a pool. Houses with pools are not $120k more expensive than equivalent ones with a pool. People won’t pay for them, and installing one won’t add $120k to your current place, or almost any value at all.
Come take my in ground pool! You think it’s gonna end there???┬á
┬á You have a pool? now you need a 3K-5K heater so you could use it an extra 2.5 months a year (it’s Canada, after all).┬á
You got a heater? Now you pay an extra $200month for heating that pool for those extra 2 months. 
┬áBut wait, you got a pool? Now you need floaties, and water guns, and a basketball net, and a party floater with cup holders and canopy… another $500.┬á
You have floaties? Now you need an air compressor. You like your water clean? Spend another $1000 a year on chlorine, pH balancers, algaecide, and other chemicals. 
 You want your lines not to freeze? $250 for opening and closing (each).
┬áYou want that pool clean? A robot cleaner is another $1200. We’re already at our second one in 4 years, so $2400.
 You had that pool for 10 years? Get ready to replace the liner and pump for another cool $10K or so. 
You like not being sued for someone’s death and not getting tickets for bylaw violations? Another 30K for fences and gates all around!┬á
You like your insuranc cost now? Too bad, add another $600year to it! 
┬áKids grew up and you don’t want that pool anymore because it’s sucking money and no one uses it? Deleting it (to code), replacing the damage to your landscape for the tractors have access, and getting a patio instead will cost you about $70K (40K delete, 30K patio… I got quotes!).
Thinking about just not giving a damn and neglecting it? Congratulations, you now have a swamp (and it’s a bylaw violation BTW).
┬áWe bought our house IN SPITE of the pool, not because of the pool. It’s the only thing I DON’T like about the house!
How many local pool visits is $120-200k?
Buy an above ground pool from Canadian Tire. Best $500 you will ever spend.
Go on a $12k vacation down south or to Europe for the next 10 years. Those be memories.
You are not rich enough for a $120K pool. Don’t do it. It’ll be a $200K money pit by the time all is said and done. YOLO is the way you get poor.
For 100k, take them to Disneyland. For 100k you can go to ALL OF THEM. La. Florida. Japan. Euro.
AND STILL COME OUT AHEAD money wise.
Would you not get better memories from taking your family on a holiday every year for the next 12 years+ for $10k? Lots of warm oceans in fun places to visit on summer holidays…
12 years ago I bought a second hand 15ft above ground pool for $900. New liner, sand and a little sweat equity and it still works for us. Tell her to get real.
Best decision my sister ever made was to put in a pool. I mean, not the best for her cause she has to pay for it and maintain it but awesome for me cause I can just go use it and save hundreds of thousands.
Similar story and similar finances and I have the pool. It was around 90k all in with the heater, fences brickwork and first year winter closing.
My insurance didnÔÇÖt go up at all. I can stuff my kids Easter baskets with pool toys which is easy filler. Heating was actually less than I thought. Maybe I have a shitty furnace but it was about the same as my gas bill now averaging out May-Oct
I bought a pool because I wanted a pool. My kids do love it but when they donÔÇÖt I know it wonÔÇÖt sit there empty all summer because I love swimming. There is no public pool close by. Closest is 30min away and itÔÇÖs open for an hour for public swim random days of the week. Not every day or for long and the time changes so swimming access is challenging.
I had a pool as a kid/teen and liked doing the maintenance. I find it very relaxing to go out and vacuum it sweep the patio and get the ph and the salt/chlorine balance right.
IÔÇÖm slamming out the payments on the pool and it will be cleared in 2 years. IÔÇÖm very happy with my decision. ItÔÇÖs obviously not the best financial decision but I was delving deep into the FIRE movement stuff years ago and a big realization was what are you retiring to and I fully plan to be doing swim aerobics in my pool when IÔÇÖm 60+
Just get them a swim spa  its a hot tub and also a pool  and if you move take it with you
As a spoiled kid who had a pool growing up but also had to do all the maintenance, it’s a tonne of work for something you can only use for so long
Have you looked at one of those hot tub/pool hybrids? Much smaller and cheaper. Not too sure if it’s what the kids are looking for but maintaining a hot tub vs pool is night and day
Are you getting a pool for your wife, or are you getting it for the kids? If it’s for the kids, get a concrete slab poured and a vinyl deck planking on top, and pick up a big-ass above ground pool for a grand.
All in, including the concrete, vinyl plank decking, and pool, you’ll be in for $10k. Buy a new pool every couple years when the old one gets damaged.
In a decade when your kids are teenagers and don’t want the pool anymore you’ll have a nice slab to put a big gazebo on
ItÔÇÖs insane how I just saw this. I lived in my house since I was 8 IÔÇÖm 23 years old now. We have neighbours 3 houses down who have 3 kids 2 are super close to my age weÔÇÖve been friends since I was 8 and moved into that house. They got an inground pool like 2 years ago last summer.
Last week they put a for sale sign and I went to ask wtf happened man. Take in I swear man they bought a pool, around same price leveraged their house. Took out a heloc just to find a fucking hot tub and pool it was close to 200k they got a nice fountain too.
CouldnÔÇÖt afford payments, sold house and are divorcing. Maybe thereÔÇÖs more to the story but damn. It was a nice as pool tho we had super fun bbqs .
I’m sorry, but that’s a terrible idea. The kids don’t need a pool to be happy. They’d be happy anywhere…
You really canÔÇÖt think of a better way to use 120k eh?
Your wife is insane.
It’s a terrible idea.
Get a membership to a local pool.
Get an above ground pool. Kids will still love it.
3 words….”don’t do it”….. unless this pool thing somehow leads to a fight leading to divorce….dont do it……then to avoid a divorce….get a pool..much cheaper……or else…..”don’t do it”…..
If you can afford a pool. You probably donÔÇÖt need this sub. ItÔÇÖs not a relationship advice sub. ItÔÇÖs a personal finance sub.
Go buy a membership somewhere with a pool then. Never mind the initial expense. Theres a learning curve and expense to caring for a pool. I always used to dream about having a house with a pool until my mom bought one and I was the main carer of the pool. In our learning curve we replaced a heater, lost tens of thousands of litres of water, and a new pump. Even if you can afford someone to maintain its just not worth it.
Sell ur wife
How many days a year will you use the pool? WhatÔÇÖs the added maintenance cost, insurance cost? Are there public swimming pools facilities nearby? Swimming on vacation in the warmer States / Caribbean in winter – there may be alternatives at much lower initial cost.
When my husband and I were house hunting we saw two houses we liked, but had pools. We chose a house that did not have a pool. At the time, the next door neighbours didn’t either. They listed their house and it mentioned a pool sized yard. New neighbours moved in and built a pool. We’ve gotten close with said neighbours as they’re the same ages as us and have young kids. We now have access to a pool that costs us a couple alcoholic beverages and some cat sitting a year. Way cheaper option.
Cheaper to get a new wife
No one actually uses thier pool more than a couple times per year and it’s a huge expense and pain to clean.
— someone who had a pool growing up
Just want to come in here and say that your kids won’t use the pool nearly as much as she imagines, maybe for the first little bit. In the end you’ll just be stuck with the maintenance costs and hassle of cleaning it.
Get a trampoline, same thing — they won’t use it nearly as much as you think but at least in that case you save $99K-$119K. ƒÿé
A pool is a hole in the ground that you pour money into.
Get an above ground pool for a few years and see how much you guys like it and actually use it (hint you won’t). They’re like 2-4k. Of you want to get real fanch build a deck around the pool. Way cheaper than the 125k+
She is 100% right. You could be dead tomorrow and/or your kids are only going to live with you for so long.
When I was 8 yrs old my parents put in a pool. My two brothers and neighbour kids lived in it all summer. We moved across the country when I was 12 and we begged mom and dad for a pool at the new house but it was a flat no. ItÔÇÖs fantastic for kids but a pain for adults.
Personally I donÔÇÖt think that is that easy of a no. For me if I was in your situation IÔÇÖd probably be pushing for a pool given how much we love and use ours. But that may not be your experience. You are making pretty good money if you are paying close to 200k down in 4 years. My wife had a pool growing up so we bought a house with a pool. No regrets, the kids are in it every day in the summer and so am I. I think it would depend on the age of the kids too a bit
I worry about retirement but I also realise that the time with my kids while they are young and want to be around me are going to be some of the best times of my life.
Also think it depends on you and your wifeÔÇÖs retirement plans. You mention it will set you back. Is your wife working as well? What does she think about this pushing her retirement age back too?
Former pool owner here as well.
F*ck no. Not worth it. Maintenance, repairs, keeping the damn thing clean. Spring start and winter shutdown. Ugh.
Along with the points some others have given you already, it can also hurt your home’s resale value, or at least reduce your potential buyer pool……
Your kids will probably very much love it, for a few months. Maybe even a season. Then it’s barely used and your pumping money into maintaining it.