Another alternative: Ask your plumber if there is a resale market for used water heaters. Also check the internet for buying or selling used heaters in your area. You could replace your unit with a used heater, which would also save money. The used market may be robust in a large city market. I recently built a new house in Houston, which has different hot water requirements than Philadelphia. In the summer months, there is no cold water. I installed a tankless gas water heater outside the house and of course, the small heating tank froze and burst before we even occupied the house. Most heating units are installed in the attic in our area. This may seem incredibly stupid to some, but just requires proper monitoring and maintenance. I attempted to relocate the heater to inside the house, but rerouting the gas line proved problematic. The electric version drew 117 amps when heating which clashed with the solar panel / battery system I also had in place. I settled on the outside location with a gas unit. It was not chosen to minimize total cost, but my monthly utility bills are lower.
Kristine, always enjoy your articles. I thought you might like to know of a sister program to Meals on Wheels that we have in Houston. Animeals on Wheels delivers pet food to the disabled adults and homebound elderly clients that Meals on Wheels serves, so they do not feel compelled to share their limited food and resources with their pets.Thanks again for all your posts.
Thank you for sharing your fears, victories and hopes. It makes your journey more real and more inspiring. I will find a way to contribute to your legacy, which has already begun.
From Scott Burns website, posted 9/23/24: In his book “Enough,” John Bogle tells an anecdote. Novelists Kurt Vonnegut and Joseph Heller attended a wealthy hedge fund manager’s party.
Vonnegut told Heller their host had made more money in a single day than Heller had made from “Catch-22.”
Heller said, “Yes, but I have something he will never have… enough.” https://scottburns.com/index-investing-the-long-haul-and-your-life/
My grandfather (an attorney) filled out paperwork in VA to transfer trailer ownership to my father circa 1968. For the year of manufacture, he filled in ‘circa 1962’. The application was denied because they had no record of the manufacturer ‘Circa.’
Quoting from today's Jason Zweig newsletter (Intelligent Investor),
"We shouldn't laugh at how foolish other people are. We should laugh at ourselves for thinking we could never be as foolish as they are."
Always enjoy your articles. As with most HD articles, the specifics of your situation are not applicable to me. I very much appreciate how you analyze issues and devise your solutions based on wide ranging available information. Thank you.
Comments
Another alternative: Ask your plumber if there is a resale market for used water heaters. Also check the internet for buying or selling used heaters in your area. You could replace your unit with a used heater, which would also save money. The used market may be robust in a large city market. I recently built a new house in Houston, which has different hot water requirements than Philadelphia. In the summer months, there is no cold water. I installed a tankless gas water heater outside the house and of course, the small heating tank froze and burst before we even occupied the house. Most heating units are installed in the attic in our area. This may seem incredibly stupid to some, but just requires proper monitoring and maintenance. I attempted to relocate the heater to inside the house, but rerouting the gas line proved problematic. The electric version drew 117 amps when heating which clashed with the solar panel / battery system I also had in place. I settled on the outside location with a gas unit. It was not chosen to minimize total cost, but my monthly utility bills are lower.
Post: Replacing the Replacement
Link to comment from March 8, 2025
Kristine, always enjoy your articles. I thought you might like to know of a sister program to Meals on Wheels that we have in Houston. Animeals on Wheels delivers pet food to the disabled adults and homebound elderly clients that Meals on Wheels serves, so they do not feel compelled to share their limited food and resources with their pets. Thanks again for all your posts.
Post: Helping Our Neighbors by Kristine Hayes Nibler
Link to comment from December 26, 2024
Thank you for sharing your fears, victories and hopes. It makes your journey more real and more inspiring. I will find a way to contribute to your legacy, which has already begun.
Post: Staying Alive by Jonathan Clements
Link to comment from December 21, 2024
From Scott Burns website, posted 9/23/24: In his book “Enough,” John Bogle tells an anecdote. Novelists Kurt Vonnegut and Joseph Heller attended a wealthy hedge fund manager’s party. Vonnegut told Heller their host had made more money in a single day than Heller had made from “Catch-22.” Heller said, “Yes, but I have something he will never have… enough.” https://scottburns.com/index-investing-the-long-haul-and-your-life/
Post: In defense of billionaires
Link to comment from September 25, 2024
My grandfather (an attorney) filled out paperwork in VA to transfer trailer ownership to my father circa 1968. For the year of manufacture, he filled in ‘circa 1962’. The application was denied because they had no record of the manufacturer ‘Circa.’
Post: Wrong Number
Link to comment from May 22, 2024
Was that survey on Family Feud?
Post: Frugal but Foolish
Link to comment from April 19, 2024
Quoting from today's Jason Zweig newsletter (Intelligent Investor), "We shouldn't laugh at how foolish other people are. We should laugh at ourselves for thinking we could never be as foolish as they are."
Post: Risks Retirees Face
Link to comment from March 12, 2024
Sleep cheap, dine fine!
Post: Inns and Outs
Link to comment from February 27, 2024
The best time to plant a tree is 20 years ago. The second best time is now. Analogous for buying low cost diversified index funds.
Post: Fear of Heights
Link to comment from February 11, 2024
Always enjoy your articles. As with most HD articles, the specifics of your situation are not applicable to me. I very much appreciate how you analyze issues and devise your solutions based on wide ranging available information. Thank you.
Post: Alberta’s Money
Link to comment from December 24, 2023