Fixing Up an Old House

It is a really big place that is exactly what we need, but obviously we could not have afforded it if the place was perfect. One of the big things is that the heat pump is not working, or at least there is a really frightening noise when you turn the thing on and it just scares you to death. So you do not really leave it running out of fear that it is going to burn the house down. I called a guy who does hvac repair in NYC and he came to have a look at the thing. Of course it was not going to be good news and he told me what it would cost to get it fixed, but said that really did not make any sense. The system is a quarter of a century old and he can see that it has already been patched up a couple of times. The analogy he gave me was one most people who drive would be familiar with.

Obviously when you have a car for a few years the miles start to pile up and most people have owned cars that have had a quarter of a million miles on the odometer. You know that the car is not really going to last forever and you know that it it starts to break down there is a point where you can not keep putting more and more money in it. So this guys said that this old system was like a car with a two hundred dollar book value and it did not make any sense to spend a thousand dollars to get it working again. That is something that I was really expecting, so I made allowances for this when we applied for the mortgage loan on the house.

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