Posted on May 13, 2009 by Michael Chandler
I have a not-so-dirty secret. Every house I have built for the last three years (except one) has a bathtub that cost well upwards of $3,000.
What is the payback on a $3,000 bathtub? Is it more or less than the payback on a $6,000 solar water heater? Are either of these truly rational purchases?
What is the value of the enhancement to your equanimity and marital harmony from that iconic bathtub? Do I calculate the payback on that solar panel based on today’s energy cost or that in five or ten years? What about resale value?