>33, European>home owner, low mortgage (160k loan @ 3.30% over 24 years)>400k liquid assetsI feel like splurging 100k on upgrading my backyard, adding a carport and a pool in particular. I requested a few quotes and 100k seems to be the price here. I'm well aware that the ROI will be low, like 30-40% at most? I just kind of want it, and I want it while I'm young(ish). I'm sure you all think this is a bad idea. So let's hear your thoughts and arguments. I've been DCA'ing my cash mound over the past few months, currently have about 100k invested in stocks and 30k in crypto.
>>60923239Pool is good carpot is a waste
>>60923239Spend that money on raising a family, op
Why not just go to the beach or public pools every now and then rather than have your own private pool that you use like 2 times per year.
>>60923428Why? Right now my (new) car is completely exposed on the driveway. One instance of severe hail hail and it could be wrecked.>>60923447Not an option. >>60923448Both the beaches and public pools here suck.It's not even about the swimming, it's about the luxury of having the option to take a refreshing plunge on hot days, on feeling like you're on vacation in your own backyard. The main reason I am leaning towards not doing it, is the opportunity cost. With 400k in liquid assets and housing covered, I have a shot at "making it". Then I could just get a better house, maybe even with a pool already present. My yard is small now, I like my house but it's not perfect.
>>60923501I've known people with pools, it's not a vacation.You have to clean them all the time, take the covers off when you want to use it then put them back on, and it just becomes a pain. People who have them hardly ever use them.
>>60923513I know people with pools too. The cover would be automatic, adjusting the chlorine and pH too (the sensor tells you when it's time and then you just press a button). The cleaning is a valid point. I confess I don't really have an accurate idea of how much effort it is provided the covers are only removed when actually using the pool.
>mortgage>homeownernope
OP is a french cuck who wants a garage and a swimming pool while he does not even have a gf or a single kid at 33you are a pathetic loan cuck and you will die alone in your maghrebi made pool
>>60923622>>60923633I could pay off the entire mortgage today and still have enough to buy the pool, redo the kitchen and bathroom, and keep a rainy day fund. Also, I'm not French. In France you can actually buy a pretty big house with a pool for like 200-300k if you're okay with living in the middle of nowhere.
>>60923692but you are doing everything illogicallyyou are just a retarded teenager at this pointwhy would you need a house for your car and a swimming pool when you are an incel?
>>60923716Who said I'm an incel? I said I don't want to raise a family, that's not the same thing. And even if I was an incel, why should I not want a nice place to live in?
>>60923731you are useless, just kys
>>60923239>160k loandid you put down 300k upfront or do you own an absolute shitbox in rural romania
>>60923784I put down 200k upfront. It's not a shitbox, but it's not a palace either. 20 years old semi-detached, 3 bedrooms, one bathroom, driveway and small backyard.
>>60923796>semi-detachedAHAHAHAAHAHAHAHAA
>>60923835Still waiting on your first actual contribution to this thread, fren. Tell me about your great wealth and your accomplishments as a human being.
>>60923861I'm 31I own my house (paid cash)4 BTCslavic gf since 2023, we are trying to get our fist kid nowdefinitely not thinking about digging a pool or a roof for my car because i'm not a retarded wagie
>>60923796>semi-detachedOh, so its an apartment then.
>>60923871>slavic gfYou couldn't get a white girl, huh.Is there something wrong with you?
>>60923884slavic women are definitely whiter than french / italian / spanish narbonoid swarthy trash
>>60923906There is a certain desperation about you...
>>60923796>I put down 200k upfront.should have def mentioned that in the op, changes the maths there as most down payments are in the 10-20% rangebut still as others mentioned semi-detached is absolute garbage tier, you never know how diversified your shared wall is going to getin this case, all in it into risk assets so you can buy an actual house for people as soon as market conditions allow for
>>60923871>slavic gf since 2023, we are trying to get our fist kid nowKek, godspeed anon. I mean that. If you must know, I broke up recently with my girlfriend (also from 2023). I don't see what difference it makes for what I'm asking here. I know that financially this is not a good idea, I stated that specifically. But I have zero interest in being the richest dude in the entire cemetery and I sure as hell do not want any children.
>>60923948>changes the maths there as most down payments are in the 10-20% rangeWhat does it change, exactly? I owe the bank 160k at 3.30% over the next 24 years. >you never know how diversified your shared wall is going to getNever given it any thought. My current neighbors are young, perfectly fine, dull people. >in this case, all in it into risk assets This is the only other option I'm considering. 300k vs 400k capital to invest makes a real difference, IF things go well.
>>60923953why live if you don't want children? especially in a pathetic shared house
>>60923986>why live if you don't want children?You don't have kids. Are you seriously telling me the only reason you've been able to get out of bed for the last 31 years was the prospect of maybe ever having children? That's a total lack of imagination, my friend. >especially in a pathetic shared houseOkay.
>>60923982>What does it change, exactly? I owe the bank 160k at 3.30% over the next 24 yearsfrom your op i assumed you owned a home worth less than 200k total which even in europe would be garbage albanian cousin fucker tiernow your house is worth 360k which is bargain tier but livableeverybody can move or decide to rent it out and then you can get godawful neighbors that destroy your sale value and leave you trapped in that househappened to an aunt of mine, she was told not to get a shard anything but wanted to be closer to the city center as walking got difficult, then the friendly old couple packed it up and in came a child day care centerwell and truly fuckedthat 100k invested makes a huge difference, adding a pool to a 360k house isnt a ROI thats pure luxurywait till you can buy a real house with poolwhat country btw since you said not france
>>60924025Belgium. The house in the OP pic was my family's vacation home. If I do ever make it, it'll be my life's mission to get that back.
>>60923501You should lean harder away from getting a pool. It's always like... you don't really want to go in the pool by yourself. If you do, it's for 20 minutes. Then you've gotta shower. The novelty wears off fast. Pools are fantastic if you have young kids or a friend group of degenerate millennial party people.What would be way cooler, especially for a single dude, is get a nice hot tub. Like a nice spa quality one. After that, dig out/set up a small natural pond next to it to attract wildlife, put some fish in, plant some nice aquatic plants. THAT is going to take you way further than a pool. Classy and aesthetic. Women can get horny in the hot tub, and then take a pic of their glass of white wine with the sun setting and the natural pond in the background to make their friends jelly. You can care for the fish, care for the plants, watch birds come to visit, look at the dragonflies, listen to the frogs. THAT is the move.
>>60924108that were i am from too so i know that housing market360k really only gets you a shitbox or are you living in the rural ardennes?i update my advise to 110% invest it all so you can leave the country at the earliest, the government is flat out broke and will start confiscating and real estate is complete tax captured
>>60924127>or a friend group of degenerate millennial party people.Bingo. >What would be way cooler, especially for a single dude, is get a nice hot tub.I have looked into that as well. Definitely an option, especially since you can actually take a hot tub with you if you move. >After that, dig out/set up a small natural pond next to it to attract wildlifeA pond right next to a hot tub sounds like asking for trouble desu. >take a pic of their glass of white wine with the sun setting and the natural pond in the background to make their friends jelly. Who the fuck cares about that?
>>60923239Another BeNeLux anon here, it's not worth it. It feels good for a short while, but then the spending high ends and you will regret it. If you lived in a tropical climate, it would be a different question, but the weather here is shit, it's pool weather maybe a few weeks a year, 2 months at the very max if it's an outlier.My suggestion is to save your money, you will need it later in life. Find something for an order of magnitude less money you can splurge on to get the spending high, like the biggest OLED TV you can find for 10k, or a fully maxed out gaming PC if you game, or something luxurious for whatever other hobby you have. Then you're still retaining your net worth while getting probably a similar amount of enjoymrnt out of it.
>>60923428This. I would actually get as well if I didnt have a house with a beachfront and enjoy that instead.
>>60924158Dude, 360k is well above the mean price. I don't think you know what an actual shitbox looks like.Not that it means anything, you can buy a palace in Limburg for 300k while in Ghent or Leuven you couldn't find anything with that kind of money. I live in a rural, but well-connected town in the center of Flanders, close to Ghent, close to Brussels, close to Antwerp.
>>60924190>it's pool weather maybe a few weeks a year, 2 months at the very max if it's an outlier.We've had amazing weather from April until last weekend, with two relatively bad weeks in July in between. If it's a swimming pond you'd be correct, but a pool heated to about 25° C can be used easily for 4 months per year. >Find something for an order of magnitude less money you can splurge on Yeah, I get that and I do that. I splurged a bit on a nice stereo a few years back, never regretted it. I feel like I'm at a point where I almost have everything I want, though, except for a few very expensive things (and a better gf). Actually, on this note, a bit of advice of my own: if you have a niche interest you're passionate about and knowledgeable in, you should splurge on collecting objects in that field. It gives you the spending high AND it is an actual investment, if done properly.
>>60924307Okay, so you have everything you want in terms of objects. How about experiences, an expensive vacation somewhere?The reason people are saying not to do it is mostly because your net worth isn't enough to be splurging this much on a depreciating asset. If I were you I'd be thinking of how much money I'll need for retirement, etc.Clearly you're bored and want something new, but 100k on a pool that'll be worth 50k as soon as it is finished is not gonna fill the void, trust me.
>>60923239Carport is a garage? Or what? Garage you will get your money back in equity basically instantly on.Pool you will get about 5% back on equity and is a large expense that has large maintenance costs associated, so you better live there a long fucking time and use that pool a lot or it's retarded.Unless I plan to be in a home 30+ years no way would I put a pool in. But at 5+ if there's no garage that's a good investment to make.
>>60924164>Bingo.I used to have degen millennial party friends. We'd AirBnB these overbuilt places with a pool/hot tub for 3 days of drugs and drinkin. I enjoyed it the least out of everyone there, but it was informative. Everyone would pitch in, arrive with open and unbiased minds, and share their thoughts on the setup collectively. The hot tub was always, always the favorite feature, way more than the pool. In a hot tub one can have conversations. In a pool, say 5 people are in there, they have to be pretty close to each other to communicate. Gotta be careful splashing on accident and interrupting someone, so basically everyone's just floating there with sunglasses on, holding their drink, being very still. The sunlight reflects off the water and your eyes get blinded even with sunglasses on, so people are squinting and grimacing, making for unnatural conversation. Hot tubs are really nice when it's cold out, too, so great for year round use. You get muscle relaxation. The steam, lights and bubbles add to the ambience. When it's summer, enjoy the hot tub at sunset and into the night. A gf will have more of her girlfriends come visit if you've got a hot tub than a pool, that's for sure.
>>60924338>How about experiences, an expensive vacation somewhere?Sure, a few things. A couple of destinations on the bucket list, I enjoy going to concerts, etc... but all of that I can easily afford with waging. >Clearly you're bored and want something newInteresting way to look at it. I enjoy being home in the weekend lazing around. I get bored sometimes, sure, but not excessively so, at least as far as I think. You may be on to something here. >If I were you I'd be thinking of how much money I'll need for retirement, etc.I could move to bumfuck rural whereverland and retire today if I wanted to. Chances are you could, too. Don't get me wrong, I get the argument, I really do. I agree with it, even. If keeping the 100k right now would speed up my investments enough to 'make it' significantly sooner, yes, good idea. But there are no guarantees. My father died at 49, and I am not a very healthy man.I'm not optimistic about growing old, and if you ever talked to old people you know being old sucks anyway and nobody should want that. So every year I'm finding it more and more difficult to not say fuck it and just buy the things I want while I still have time to enjoy them. I'm honestly surprised that I haven't splurged on a Porsche 911 yet (I won't). But it's a fine line to walk and I honestly do get your point. It's why i made this thread, to have other people talk sense into me. >>60924393A car port is like a garage without walls. Just a relatively simple construction to park your car under so it is somewhat protected against the elements. >>60924399I'll look into it, but I sure as shit won't make a decision based on what friends or girlfriends might prefer.
>>60923239If you have never had a pool before, don't get an in-ground pool as your first expense. Buy a cheap above ground pool, level the ground, build a deck for easy access, and educate yourself about pool maintenance (chemicals, cleaning) and expenses (water, electricity).In ground pools are stupid expensive to build due to the excavation, plumbing, rebar + concrete, and labor costs. You have to replace the plaster every 10-15 years which will cost 5-10k. You also need a fence to meet building codes, and ideally a safety cover.You need to constantly supply the pool with chlorine. You have to pay money for electricity to run the pump. There's also the cost of water - water evaporates in hot desert climates. Leaves are always falling into your pool and you have to clean them out if it's not covered.Pool season is not long enough and most don't use it enough to warrant the large expenses. There are maybe 2 weeks of days where it's above 30 degrees. People don't really go into pools themselves, they want to go in with family/friends.
>>60923239>I should spend 25% of my net worth on a fucking poolGood idea OP do it
>>60923239>400k liquid>160k loanWhy not just pay off the loan?
>>60924610I've looked into that but at 3.30% I *should* be able to do better by investing the money.
>>60924194i live in the assend of limburg because not in the cagie anymore and molded out ruins build before ww2 go for 300k herei have no idea how the mean price is calculate cause i never see anything below the mean, mean price seems to be mistaken with floor pricebelgian statistics are all lies btw cant trust anything, but zimmo listings are real and they are way off the reported numbersi have to agree with the other anons tho, if splurging on luxury is needed a good jacuzzi is more rational to your net worth since for 7k + install you can get a pretty good onealso thats something you can use a lot of the year, if you live in belgian weather you really need an indoor pool to justify having one
