Quote:
Originally Posted by TheWarriors
Assuming 5% inflation for a pool installed in 1978 for $4,900, your looking at a replacement cost of about $36,220. today. That’s for a vinyl pool without a cage and or wall. Also likely not saltwater or with many visual effects buyers desire today. Always wished I could have today’s income with yesteryear’s prices but it is great to reminisce. Pools are a significant cost and like everything else in life, a personal choice. Go with what makes you happy and you will be content. Who would have thought central Florida real estate would cost what it does.
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I was actually thinking of a car as comparison. Around that same time, I bought a new Mazda 626 for $6500, today a similar car would probably be a Mazda 3 and that sells for about $19,000 to $23,000). Four times the price, pool $5000 four times the price is $20,000. So if we use the same ratio, four times the price, a pool should be $20,000. What we have here is retired people who want to spend their discretionary money and be happy, so supply and demand makes prices go up. Add a birdcage, add $10,000. Pensacola is also a working town, not a retirement town.
Actually I did have another pool, the next house I had the same installer but it was an 18X36, previous was 16x32, and added underwater lights, diving board, ladder, steps and extra decking with plastic expansion joints, cost was $7700 in 1980.