I owned a pool once. I didn’t put it in as it was already in when I bought the house. It was fun for awhile & then it ran its course after several years. I ended up moving because I got sick & tired of maintaining a pool no one was using.
@@Runco990 okay that’s fine lol it’s just the way it was worded sounded off. For me, it’s my preference for exercise, which is a huge part of my life. So, someday I’ll pay cash for a nice one because I know I’ll actually use it even if not for “fun.” Everyone is different for sure though so it’s just situational. I see myself as having the place where get togethers happen for my family someday as well, so that would also play into it for me.
Pools also cause insurance rates to increase & there are safety considerations due young children. FL law requires safety gates around the pool so that nice pool may not look that nice. Also it’s a misnomer that resale is better with pools- many buyers don’t want the maintenance especially when most of FL has community pools the family can use without having to deal with added expense, maintenance & safety issues of having a pool of their own. Best of luck - you’re doing well- I’d skip the pool. 🌞
I lived with a family that had a above/below ground pool with deck. A lot of chemicals,cleaning,treatments,high water/electric bills,pump noise,insurance,etc..
Yeah my uncle bought a house with a pool specifically for us to use. Like not just me but my family all my cousins his grandkids. It got used as much as possible until the day he passed.
@@jimster1577 A seasonal pass for thirteen years will be a few thousand dollars. A pool is going to be 20x the cost not to mention electricity and maintenance. Plus these people live in Florida why on earth just go to the beach, it's free.
Watch the kids stay in playing on screens and be completely bored with the pool within a few months. Is it really 60k worth of inconvenience to just go to a local pool or water park? Is there not some other way to improve their lives with that money?
@@v0mdragon a forever home is still an investment.. they will sell it eventually or pass it on to their kids, either way it's an investment. Plus he said in the video that they're planning on staying there until their kids are out of highschool in 13 years
You dont need to spend $60k to enjoy a pool, ultimately the goal is have fun in your life, so i would say definately get pool, just don't drop that much on it.
Neighbors put in 5k above ground pool. Works just as well as a 50k pool. Plus when ever you get tired of it and want to change up your yard you just break it up and store it or haul it away to dump. Large in ground pools cost just as much fill them in as it is to put them in.
A pool In that climate makes mores sense then here in Canada. Just remember that once built, you are on the hook for drinks and food for freeloader visitors.
If you can do it cash, go for it. I absolutely love the pool in the backyard of my family home. Everyone in my family uses it, even as a adults, it’s great for social functions, and we never have to go into dirty changing rooms at water parks. It’s a dream.
The numbers he's giving didn't even add up. He's got a $60k project that he's putting $20k into. But he said he owes $130k on the house but would be financing $210k. There's another $40k of debt tacked on that is unaccounted for in the conversation.
I would never consider buying a home with a pool. I had neighbors with a pool and saw them use it maybe twice in 10 years. I would rather have the backyard space. If I ever feel like going for a swim, I'll get a room at a luxury resort or go on a beach vacation. It would be way cheaper than getting a pool and paying the insurance and maintenance.
Different people. A really close friend of mine uses it every day in the summer. They have the neighborhood kids over almost every day. I can %1,000 say they don’t regret it. If ur actually gonna use it like them. Then it’s worth it but if not you’re better off going to a public pool
@@marcosant98 Good question. An in-ground pool requires a lot of work to maintain. Unless you live in Florida, southern Cali, Texas, etc. you will only be able to use it a few months a year. All of the other times, it is a concrete pit that takes up land that would otherwise be a part of a beautiful lawn or a garden. Most people, imho, would prefer that instead of hole in their property that is useless at least 6 - 8 months of the year in most of the country. Again, imho.
@@markhazzard9730 thanks for responding. I live in a country in which most of the year we live in summer lol. That’s why I didn’t understand your point quite well. Having a pool in a house surely is an advantage.
@@v0mdragon ok, got it, he borrowed 150 six years ago at 4.2%, his mortgage is 733.53. After 72 months, he should owe about 133k. his interest payments are about 480 per mon, or 5.8K per year. Assume the house was 187.5K and he put 20% down. so his property tax is 3.6K per year, meaning his itemized deductions are 9.4K, which is way under the standard deduction? so he should have accelerated his mortgage payments?
That’s you. My really close friend has a pool. In the summer they use it everyday. Always say we are welcome to come over and swim. They also have the neighborhood kids over almost every day to swim as well
He wants to finance a pool.....a 60k pool...... who his contractor? Also why are you financing you obviously have the discipline to save the 60k for a pool........
If you live in Florida, people expect you to have a pool. A house without a pool doesnt have as much value. Adding a pool is a good addition to a Florida home
NOOOOOOOOOOOOOOOOOO! DO NOT USE YOUR HOME TO PAY FOR A POOL! SAVE FOR THREE YEARS and pay in cash! For heavens sake, you live in Daytona Beach....... Swim all day long at no cost and save the cash!
Swimming pools may or may not add to the allure and value of your house. It depends on the person at the time looking to purchase the home. Not worth the headache.
His wife is thinking with her feelings, if they dont get a pool then they will miss out on all those childhood memories that could be formed around the pool, etc. I think i would if i was him, do the refi just to get the lower interest rate, and then go into hardcore savings mode and after a pretty short amount of time give a builder a deposit to build you an above ground deck and pool and run all the electric and such, wich the monthly savings being enough to keep them doing, and a few months down the road, new pool is finished and the family can start enjoying it without a stupid amount of debt.
He lives in Daytona Beach so they have both: a great beach , and multiple water parks nearby. Why borrow 60k for a pool. I have been to Daytona Beach, it's a great beach for kids
Above-ground pool costs so little and when the kids are grown, you can tear it down. No old homeowners like swimming pools. We have so many friends, when they are older and retired, they fill in the pool.
If you want a pool go get a Walmart 15 foot one. Real pools are money pits and when you own one , every time you leave the house to go shopping the first stop is always Pool City for chlorine etc. And those chemicals and accessories never go on sale.
Wait. If it’s their “forever home”, why would they care if it’s a hot commodity to have a pool in your neighborhood? Sounds like you’re not selling the house anytime soon. Do it when you have the money. Don’t borrow the money. Pay off your house dude.
It sort of is, but there are downsides to that as well. When we purchased our house and it came with a hot tub. They're very nice, but they require maintenance and chemical testing which isn't hard, but it is some work. The water has to be changed occasionally, not hard though, the filters have to be cleaned, and the thing sucks a great deal of energy. On ours, the cover broke down and it started costing a lot of money in electricity, so I had to get a new cover. Eventually I got rid of it and extended the deck over the area where it used to be.
Pool is a liability issue-what if the neighbor's kid falls in,gets hurt or drowned? What if neighbor's kid breaks in while you are away on vacation and gets hurt? "attractive nuisance"? Also maintenance issue and water/sewer bill from the local utility might be considerable would much rather have a home greenhouse or "conservancy" or how about a garage equipped with a lift or "grease pit" and tools for advanced do it yourself car care?
Why put in a pool now? It's late May you aren't going to get a ton of use out of it by the time it's built especially one that nice. He keeps tying the refi to the pool. Go ahead and refi if that saves you some money per month you can use that and shave off some money elsewhere in your budget and probably be there by next early spring if you want to get the expensive pool and waste a little money. Maybe it takes another year maybe you get a little cheaper pool but that is the way to go. If you do a cash out refi you get a higher rate for your home loan usually. For a fancy pool? No thanks.
Pools are great family fun. Depending on where you live, it's worth it. I paid cash for an inground pool in Michigan. Very expensive to maintain for the amount of time that you can actually use it. If you live in a warm climate without winters its worth it.
Get an above ground pool, your kids won’t know any difference when they are in it. And by the sounds of it, the wife is thinking of herself and her pretty pool to show off and not actually about fun for the kids.
Pools are nice, IF you're gonna use them... Otherwise, forget about them, or if you HAVE to have something therapeutic, invest in a hot tub, or even a circulating indoor tub...
Why not just put the $20k towards paying down the mortgage and refinance to lower interest to save money overall. Having a personal pool is pointless and very expensive to begin with and is a constant cost to maintain. Overall a huge money pit. Won't add value to the house either.
The refinance is a great idea. The pool, maybe. If the other homes in the neighborhood are worth $500k and they all have pools, then maybe build it, but try and do it for cheaper.
I have a pool that I can't wait to take down. They require so much work. You pretty much have to mess with them every single day unless you pay out the nose for a pool service.
When they are 70 years old sitting in the backyard, they will say, I am so glad we got this pool for our kids because they had so much fun, and we have these great memories to reflect. Verses, we have a lot of money sitting in the bank. Wish we had a little more fun when the kids were around.
My axiom is, "If you want a house with a pool, buy a house with a pool." It's usually cheaper and a lot less aggravation. Somehow projects always grow after they're started. At our place, there's a neighborhood pool to which our property carries membership on the deed and the annual dues are a lot cheaper. Many times there's no one else there and if there is, they're neighbors and good to visit with! On another tack, the guy next door came down from New York to NC to retire here and put in a pool. I told him that the neighborhood pool was open to him, but he did it anyway, probably because he was a black guy unfamiliar with NC. No one in this neighborhood cares about race, or in the whole town as far as I can tell, but I suppose he was from a different era.
I never could understand why anyone would buy a swimming pool in California or FL when you practically live in a much bigger one. No matter where you live in those states, your only a few miles from the beach, which by the way is a lot better than any swimming pool.
this guy and his wife are killing it financially. Dave's plan wasn't designed for people like him, it's intended for completely financially illiterate people with zero self-control. These people are going to be just fine.
Also, no need to go into all that ridiculous backstory. Just say, “Dave, can I have your blessing to borrow on my house to install a pool”. That was his question. All that other nonsense has nothing to do with the question. If Dave needs more information, he will ask for it.
I owned a pool once. I didn’t put it in as it was already in when I bought the house. It was fun for awhile & then it ran its course after several years. I ended up moving because I got sick & tired of maintaining a pool no one was using.
@@Runco990 that’s so cool you’re so mature sheesh
Yes sir. Exactly
@@Runco990 okay that’s fine lol it’s just the way it was worded sounded off. For me, it’s my preference for exercise, which is a huge part of my life. So, someday I’ll pay cash for a nice one because I know I’ll actually use it even if not for “fun.” Everyone is different for sure though so it’s just situational. I see myself as having the place where get togethers happen for my family someday as well, so that would also play into it for me.
Pools also cause insurance rates to increase & there are safety considerations due young children. FL law requires safety gates around the pool so that nice pool may not look that nice. Also it’s a misnomer that resale is better with pools- many buyers don’t want the maintenance especially when most of FL has community pools the family can use without having to deal with added expense, maintenance & safety issues of having a pool of their own. Best of luck - you’re doing well- I’d skip the pool. 🌞
@@camm8832 you don't own a pool obviously. Why are you so crusty
Pools are money pits. Believe me, I know. Thank God everyday we sold the house and learned our lesson on pools.
I lived with a family that had a above/below ground pool with deck.
A lot of chemicals,cleaning,treatments,high water/electric bills,pump noise,insurance,etc..
Borrowing money for a 100% luxury like a pool is insane. Basically the same as borrowing to go on a vacation.
Which I’ve done... and so glad I did. Don’t regret the travel one bit 😂! But yeah to the tune of thousands of $ is another story...
Totally agree 100% and 60k is just nuts for a pool. And here I thought 40k was a lot.
Oh absalutly sir!
Or not...
Well at least a pool increases the value of your home
This is like almost reaching the finish line and looking over and saying "Hey! Look a lemonade stand"!!
No those lemons are there to destroy you!!!
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@@yellowpants1008 Its not everyday you get a response from your favorite channel on youtube
@@DanielsPerspective It is a spam account.
Lol. He really wanted Uncle Dave to green light this. Being honest I think the guy is just trying to keep his wife happy. 😂😂😂
exactly
Yeah my uncle bought a house with a pool specifically for us to use. Like not just me but my family all my cousins his grandkids. It got used as much as possible until the day he passed.
That's exactly what he's doing.
*papa Dave LOL
That's cute 😍
When my husband and I were looking for a house we eliminated every house with a pool . Money pit !
Why is it money pit?
@@pouinichan house price goes up because of the pool, then you have to maintain it.( clean it, refill it, put chlorine)
@@pouinichan maintenance
"Pay cash for your toys"... good advice Uncle Dave 👍🏽
It would be a lot cheaper to go to your rec center pool for $250/year.
Much cheaper and less hassle to just buy a seasonal pass to the nearest Waterpark for 13 years.
Not even close to the same thing as having a pool in the backyard.
@@jimster1577 A seasonal pass for thirteen years will be a few thousand dollars. A pool is going to be 20x the cost not to mention electricity and maintenance. Plus these people live in Florida why on earth just go to the beach, it's free.
@@mriphone1000 when you’re rich you can go to the beach whenever but also enjoy the luxury of a a backyard pool. they should go for it
@@monkas7270 they're not rich if they have to finance a 60K pool
That's not the same
We had an above ground pool and the only thing it did was collect leaves and need cleaning.
Watch the kids stay in playing on screens and be completely bored with the pool within a few months. Is it really 60k worth of inconvenience to just go to a local pool or water park? Is there not some other way to improve their lives with that money?
The wisdom in this comment is underrated.
Not my case at all! The great thing about having a pool is you always know where your kids are. They're with their friends in the backyard swimming!
Confiscate the screens!
they live in DAYTONA BEACH. go to the beach and it's free lol
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I THINK he was trying to get Dave to convince his WIFE it was a bad idea because she wouldn't listen to him.
Seems LIKE you capitalized random WORDS.
@@mroberts566 @it in
@@mroberts566 I think that YOU are on to SOMETHING here.
guy: "the new rate is 2.75..."
Dave:" I said that was an EXPENSIVE POOL"
lol, i loved that part
60k pool with 130k left on a mortgage of a 330k house? Just not a great investment there
It’s always when the emotions get involved, and people try to justify it
No he said he’s gonna sell after the kids are out of high school.
@@v0mdragon a forever home is still an investment.. they will sell it eventually or pass it on to their kids, either way it's an investment. Plus he said in the video that they're planning on staying there until their kids are out of highschool in 13 years
You dont need to spend $60k to enjoy a pool, ultimately the goal is have fun in your life, so i would say definately get pool, just don't drop that much on it.
Neighbors put in 5k above ground pool. Works just as well as a 50k pool. Plus when ever you get tired of it and want to change up your yard you just break it up and store it or haul it away to dump. Large in ground pools cost just as much fill them in as it is to put them in.
First he says it's their forever home, then he says 15-20 years. Be ready to shell out $$$$ for maintenance costs.
Theres no thing such as a forever home it's a delusion. Things change
@@666dynomax especially when you say forever and home in the same sentence. I've been there.
A pool In that climate makes mores sense then here in Canada. Just remember that once built, you are on the hook for drinks and food for freeloader visitors.
If you can do it cash, go for it. I absolutely love the pool in the backyard of my family home. Everyone in my family uses it, even as a adults, it’s great for social functions, and we never have to go into dirty changing rooms at water parks. It’s a dream.
Above ground pool for $1000 if you do the work. And when you find out you aren't going to use it any longer you take it down.
Smart people trying to justify a bad decision because their emotions get involved
Happens everywhere, vehicles for sure
And this guy is having hard time saying no to his wife and kids
@@saulgoodman2018 right not bad, it's terrible
@@saulgoodman2018 you must be new to the whole Dave Ramsey process
This guy has plenty of money, just buy the pool.
The numbers he's giving didn't even add up. He's got a $60k project that he's putting $20k into. But he said he owes $130k on the house but would be financing $210k. There's another $40k of debt tacked on that is unaccounted for in the conversation.
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Cash out refi to make the pool purchase
I would never consider buying a home with a pool. I had neighbors with a pool and saw them use it maybe twice in 10 years. I would rather have the backyard space.
If I ever feel like going for a swim, I'll get a room at a luxury resort or go on a beach vacation. It would be way cheaper than getting a pool and paying the insurance and maintenance.
Different people. A really close friend of mine uses it every day in the summer. They have the neighborhood kids over almost every day. I can %1,000 say they don’t regret it. If ur actually gonna use it like them. Then it’s worth it but if not you’re better off going to a public pool
Get the house paid off first man. It is a principle thing.
$60K for a pool in Daytona Beach is the average cost. We have a pool and use it everyday in FL. Best decision we made
You dont have to worry on how many unwashed tails been it also!!🕵🏾🕵🏾🕵🏾
An in-ground pool actually reduces the value of a home, except maybe in climes that allow year-round use.
How can it reduce the value of a home?
@@marcosant98 Good question. An in-ground pool requires a lot of work to maintain. Unless you live in Florida, southern Cali, Texas, etc. you will only be able to use it a few months a year. All of the other times, it is a concrete pit that takes up land that would otherwise be a part of a beautiful lawn or a garden. Most people, imho, would prefer that instead of hole in their property that is useless at least 6 - 8 months of the year in most of the country. Again, imho.
@@markhazzard9730 thanks for responding. I live in a country in which most of the year we live in summer lol. That’s why I didn’t understand your point quite well. Having a pool in a house surely is an advantage.
@@marcosant98 U R welcome. :)
they bought the house for 150 several years ago, and still owe 134?
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That's what confused me. It didn't make much sense.
that's how it works - you pay more interest than you do principal early in the loan
@@v0mdragon ok, got it, he borrowed 150 six years ago at 4.2%, his mortgage is 733.53. After 72 months, he should owe about 133k. his interest payments are about 480 per mon, or 5.8K per year. Assume the house was 187.5K and he put 20% down. so his property tax is 3.6K per year, meaning his itemized deductions are 9.4K, which is way under the standard deduction? so he should have accelerated his mortgage payments?
"Pay cash for toys." Got it. 👍👍
2:47 "Not a wandering generality". LOL so many callers seem to be just that.
I live in florida, we have a pool and haven't been in it, in over a decade. Need I say more?
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maybe you should clean it and put some fresh water in it :P
@@webfreakz that’s not the issue
That’s you. My really close friend has a pool. In the summer they use it everyday. Always say we are welcome to come over and swim. They also have the neighborhood kids over almost every day to swim as well
He’s still going to go ahead with the pool lol
It's cheaper than a divorce lol
@@Bamapride1985 FACT !!!
Why not put in a less expensive pool?
I wouldn't want to upgrade it later, save the money & pay cash
This is about stupidity to the roof. Love how he is trying hard to make excuse. And his wife isnt helping
Having a pool is like having a kid that you didn’t want.
You’re obligated to take care of it no matter what.
He wants to finance a pool.....a 60k pool...... who his contractor? Also why are you financing you obviously have the discipline to save the 60k for a pool........
So many great questions, so little time.
Pools are a lot of work. Besides, kids love to be around people... like at the community pool. The juice isn’t worth the squeeze. Good advice Dave.
“Forever home” is a trigger term for dave
That’s an expensive pool lol 😂
If you live in Florida, people expect you to have a pool. A house without a pool doesnt have as much value. Adding a pool is a good addition to a Florida home
Pools are bad news. Expensive to install and a pain to maintain.
I swear....friend is going thru this at the moment. Just bought a new car and refinanced the house to build a pool.....will see how long he enjoys it!
NOOOOOOOOOOOOOOOOOO! DO NOT USE YOUR HOME TO PAY FOR A POOL! SAVE FOR THREE YEARS and pay in cash!
For heavens sake, you live in Daytona Beach....... Swim all day long at no cost and save the cash!
And risky. If anyone wanders in and drowns in your pool, they will be in some financial issues.
Building a pool in your yard when you live in Daytona , Fl .
Swimming pools may or may not add to the allure and value of your house. It depends on the person at the time looking to purchase the home. Not worth the headache.
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His wife is thinking with her feelings, if they dont get a pool then they will miss out on all those childhood memories that could be formed around the pool, etc. I think i would if i was him, do the refi just to get the lower interest rate, and then go into hardcore savings mode and after a pretty short amount of time give a builder a deposit to build you an above ground deck and pool and run all the electric and such, wich the monthly savings being enough to keep them doing, and a few months down the road, new pool is finished and the family can start enjoying it without a stupid amount of debt.
This conversation reminds me of some Goob that just got pulled over for speeding and is desperately trying to talk his way out of a ticket. 👮😂
He lives in Daytona Beach so they have both: a great beach , and multiple water parks nearby. Why borrow 60k for a pool. I have been to Daytona Beach, it's a great beach for kids
You build such a nice foundation and then ask if you can put a lose brick in it😂
If I like a house well enough to make an offer, I want a discount if it has a pool.
Above-ground pool costs so little and when the kids are grown, you can tear it down. No old homeowners like swimming pools. We have so many friends, when they are older and retired, they fill in the pool.
I thought my $1500 lift kit was a bad idea 😅
If you want a pool go get a Walmart 15 foot one. Real pools are money pits and when you own one , every time you leave the house to go shopping the first stop is always Pool City for chlorine etc. And those chemicals and accessories never go on sale.
You live in freaking Florida. Just go to the beach...
Many don't like sand in Florida.
Why do you need Dave's permission? That being said, I'm sure you could to do a nice pool for half of that. But either way, you "can" afford it.
Owes 130 on the house, makes 110 a year, net worth of 20. He can't afford it right now. Even if he does, it's not a good decision.
His net worth is at least in the couple hundred thousand range didn’t you listen to the call
@@Primitive_Code he got pension and he didnt say how much he has in 401 and roth
Wait. If it’s their “forever home”, why would they care if it’s a hot commodity to have a pool in your neighborhood? Sounds like you’re not selling the house anytime soon. Do it when you have the money. Don’t borrow the money. Pay off your house dude.
No invest the money and u make more
60k pool on 330k house.....NO...😩👎
Pools are tricky, Some neighborhoods will support a 60K pool. Some do not. Dave nailed it!
Blow up pools are $300 bucks at wally mart
Why ask for advice you don't want to hear?
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Yup
I would prefer a Jacuzzi over a pool. Intimate and easy to maintain.
Very true and I agree. They probably wouldn't want a jacuzzi though since they're in Florida and it's humid
I’d prefer neither. Maintenance, cost to bath in chlorine.
It sort of is, but there are downsides to that as well. When we purchased our house and it came with a hot tub. They're very nice, but they require maintenance and chemical testing which isn't hard, but it is some work. The water has to be changed occasionally, not hard though, the filters have to be cleaned, and the thing sucks a great deal of energy. On ours, the cover broke down and it started costing a lot of money in electricity, so I had to get a new cover. Eventually I got rid of it and extended the deck over the area where it used to be.
I LOVE the way DR chuts them down when they try to hype up their financial situation and THEIR PLAN lolol!!
Dont do it
Am I mistaken? Do his numbers not work. How is adding 40K to a 135K loan equal 210K loan?
A house with pool in FL has 20% more value. Winter is the best time to build it bc is cheaper $30000.
Good way to devalue a house really.
Spending 20% of the value of the house on a pool.
Dumb idea.
Pool is a liability issue-what if the neighbor's kid falls in,gets hurt or drowned? What if neighbor's kid breaks in while you are away on vacation and gets hurt? "attractive nuisance"?
Also maintenance issue and water/sewer bill from the local utility might be considerable
would much rather have a home greenhouse or "conservancy"
or how about a garage equipped with a lift or "grease pit" and tools for advanced do it yourself car care?
Just take the kids to the beach in the evenings and go ahead with the refinance.
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Yeah really!!! He's in Florida and the beach is free and all around them literally...
Why put in a pool now? It's late May you aren't going to get a ton of use out of it by the time it's built especially one that nice. He keeps tying the refi to the pool. Go ahead and refi if that saves you some money per month you can use that and shave off some money elsewhere in your budget and probably be there by next early spring if you want to get the expensive pool and waste a little money. Maybe it takes another year maybe you get a little cheaper pool but that is the way to go. If you do a cash out refi you get a higher rate for your home loan usually. For a fancy pool? No thanks.
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He lives in Florida.
Pools are great family fun. Depending on where you live, it's worth it. I paid cash for an inground pool in Michigan. Very expensive to maintain for the amount of time that you can actually use it. If you live in a warm climate without winters its worth it.
You can always get a big above ground pool that’s what I did 😂
Get an above ground pool, your kids won’t know any difference when they are in it.
And by the sounds of it, the wife is thinking of herself and her pretty pool to show off and not actually about fun for the kids.
Pools are nice, IF you're gonna use them... Otherwise, forget about them, or if you HAVE to have something therapeutic, invest in a hot tub, or even a circulating indoor tub...
When in doubt , don’t .
Why not just put the $20k towards paying down the mortgage and refinance to lower interest to save money overall. Having a personal pool is pointless and very expensive to begin with and is a constant cost to maintain. Overall a huge money pit. Won't add value to the house either.
Good old fashioned Florida call. Gotta love em’
The refinance is a great idea. The pool, maybe. If the other homes in the neighborhood are worth $500k and they all have pools, then maybe build it, but try and do it for cheaper.
...put in an above ground pool...at least until the house is paid off
Love my $500 costco pool! Easy to dispose of or replace.
Don’t get a pool
I have a pool that I can't wait to take down. They require so much work. You pretty much have to mess with them every single day unless you pay out the nose for a pool service.
Dave, should I take on debt to pay for rims on my minivan? Thoughts.
Sure go right ahead. Bling bling
What’s your household income?? 😂
Just build a less expensive pool!!!!!
When they are 70 years old sitting in the backyard, they will say, I am so glad we got this pool for our kids because they had so much fun, and we have these great memories to reflect. Verses, we have a lot of money sitting in the bank. Wish we had a little more fun when the kids were around.
Should get an above ground pool with a nice deck. Don't forget insurance and fencing. If a kid trespasses and drowns, it's still on you.
Overbuild? What does that mean? Would it cause other property's values to go up with it?
Overbuild is losing money it does not add value to the house
@@hanghad7645 Sometimes they do add value though.
My axiom is, "If you want a house with a pool, buy a house with a pool." It's usually cheaper and a lot less aggravation. Somehow projects always grow after they're started. At our place, there's a neighborhood pool to which our property carries membership on the deed and the annual dues are a lot cheaper. Many times there's no one else there and if there is, they're neighbors and good to visit with! On another tack, the guy next door came down from New York to NC to retire here and put in a pool. I told him that the neighborhood pool was open to him, but he did it anyway, probably because he was a black guy unfamiliar with NC. No one in this neighborhood cares about race, or in the whole town as far as I can tell, but I suppose he was from a different era.
I never could understand why anyone would buy a swimming pool in California or FL when you practically live in a much bigger one. No matter where you live in those states, your only a few miles from the beach, which by the way is a lot better than any swimming pool.
Nice work 🎆
"No pool, and sell the truck!" ~ Dave
Sell the kids to pay for the pool.
Pools in St George Utah are like a hundred twenty thousand for a regular pool and a 330 thousand-dollar house probably could sell for 450 with a pool
Why not get an above ground pool or jet jacuzzi? Much cheaper and it's the same thing.
Thanks for your feedback. For more profits and guidance
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They probably cares too much about what the neighbors think or they think it will raise the value of the house which it wont.
Start with a really nice above ground pool and see how much you use it.
Most home owner association don't allow those if you live in a nice neighborhood. Mine doesn't.
I'd say try going to a local community pool more often and see if you will still enjoy having one
Pools are expensive to maintain
Dave, do the man a solid and just give him a hard no so he can tell his wife.
Hes fine..... if they really like that pool
Brag call
this guy and his wife are killing it financially. Dave's plan wasn't designed for people like him, it's intended for completely financially illiterate people with zero self-control. These people are going to be just fine.
Exactly, use some equity for the pool, some into single stock, as of now may 26 2021 its like bottom low, AGAIN, since march 2020, dont miss the train
Also, no need to go into all that ridiculous backstory. Just say, “Dave, can I have your blessing to borrow on my house to install a pool”. That was his question. All that other nonsense has nothing to do with the question. If Dave needs more information, he will ask for it.
Fun call