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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (72185)1/29/2023 9:34:13 AM
From: E_K_S1 Recommendation

Recommended By
research1234

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Had to replace a water heater in my rental property. Only got 7 years out of my Rheem heater. That install was through Home Depot and the total cost was $1,800. Home Depot no longer has in-house installers so I went w/ a private contractor this time. This install had a total cost just under $3,000.

It makes a big difference if I get 7 years vs 15 years useful life. Even those warranties do not cover the replacement cost so I now try to buy the 'best' quality (longest term warranty). The marginal extra cost is really not that much more if you get 5-7 years more life from the higher-quality product.

Seems like these durable goods that consumers buy just do not last as long and are more expensive. Our rental only got 3 years out of a new low end washer, So now have been buying the high end models along w/ the extended warranties. It just costs too much getting a repair firm out to the property and a huge disruption to the tenants (especially during Winter w/ all the issues w/ snow).
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