Pool News
Flipping Home Equity Into a Swimming Pool
The relationship that consumers have with their homes has changed in the face of the Covid-19 pandemic. The average homeowner has doubled their home equity since 2020. Homeowners gained $3.2 trillion in equity in 2021 alone. Across the nation, folks were eager to use that equity to finance backyard improvements.
With a housing market shortage, the prices for homes have skyrocketed to the point that many believe their investment will pay off down the road. Consumers are investing in outdoor home improvements like a pool, calculating that improving the backyard will ultimately increase the value of their home. This is a strategy that may pay off, especially as swimming pools become more expensive to build in 2022.
Supply chain shortages and a tight labor market have plagued the pool construction industry over the past two years. Pool equipment shortages came seemingly out of nowhere. Basic materials were in short supply. Concrete prices have continued to soar. Consequently, the price of an inground pool has gone up substantially since 2020.
Most pool construction companies rely on a healthy subcontractor base. Today, the number of masonry crews that were available before the pandemic is roughly half of what it was in 2020 and ranks 4th in severity amongst labor shortages in the trades. Among the subs that are still operating, many are working with a skeleton crew with half the number of workers they had prior to Covid. The prevailing labor shortage problem in itself is why it’s taking longer to build swimming pools.
Those with the foresight to know when to strike while the iron is hot may not get a better deal by ‘waiting it out’. Prices for inground pools are expected to climb again in 2023, waiting to build may not be the smartest option if it winds up costing thousands extra.
Using Home Equity To Buy a Pool
For Donna Sanchez of Folsom, CA, the choice was a clear one. She spoke with Pool Magazine about the challenges of building her dream backyard. “When our community swimming pool was shut down due to Covid, my mind was made up – we were building a pool.” Her husband was working remotely from home and having the kids around taking their lessons online meant a full house for Sanchez. Building a swimming pool in the backyard meant an answer to a variety of problems.
Financing backyard improvements like building a pool meant refinancing her home and flipping her home equity into an inground pool. “As easy as the financing process was for us, the building process was the complete opposite,” said Sanchez.
Everything Was More Expensive
Plagued with a series of delays due to weather, permitting, and construction, Sanchez said her pool was finished by mid-2021, roughly 3 months behind schedule. “Everything about the project was more expensive than we initially anticipated. During construction, the price for materials just went absolutely crazy.”
Prior to the pandemic, the Sanchez family had considered building a swimming pool but had put off the idea for concerns it would lower the resale price of their home. Traditionally, this line of thinking may have been true. Homes with swimming pools tended to take longer to sell as they would need to appeal to a particular buyer who wanted one in their backyard. The additional costs of maintenance and insurance were considerations that could turn away many buyers.
“Waiting Cost Us $30K”
“The pandemic changed everything,” said Sanchez, “if I had a crystal ball and knew the price for a pool would shoot up the way it did, we would have built back in ’19. Waiting wound up costing us probably an additional $30,000 to build our pool.”
“The hardest part of building a pool was competing against everyone else who wanted one at the same time. The initial builder we wanted to build with was booked solid, and so was our second choice,” explained Sanchez, who said that quite often communication with her builder was lacking throughout the entire process. She claims he was inundated with other projects they were building simultaneously with hers.
By the end of 2021 and the beginning of 2022, it had become increasingly desirable to purchase a home that included a swimming pool, if only to save the hassle of installing one. Rather than dealing with the difficulty of building, buying a home that was “ready to swim” has been what many consumers have opted for. “We’re seeing homes with a swimming pool go for a premium,” said Yuba City realtor, Michelle Lightle, “consumers who don’t wait to wait for two years to get their swimming pool built are snapping up homes that already have a pool.”
Pool News
French Diver Makes Splash After Flop At Opening of Olympic Pool
French Olympic diver, Alexis Jandard, created a memorable moment at the grand opening of Paris’s new Olympic pool, though not quite in the manner he had envisioned.
A startling video captured during the inauguration of the state-of-the-art Paris Aquatics Center on Thursday showcased the 26-year-old Olympian’s unfortunate landing on his right foot while gearing up to dive alongside two fellow athletes. Adorned in a Speedo reflecting the hues of the French flag, Jandard’s discomforting descent saw him landing on his back, ricocheting off the nearly 10-foot-high dive board, and somersaulting into the pool in a rather ungraceful manner.
The incident unfolded in front of a sizable crowd of onlookers, including French President Emmanuel Macron and various dignitaries. Jandard later displayed his scraped back on his Instagram account, maintaining a light-hearted approach to his embarrassing mishap by quipping, “For your information, my back is fine, but my ego…”
Sharing a photo of his reddened back, courtesy of the encounter with the diving board, on Instagram Stories, Jandard assured followers of his well-being. Speaking to RMC Sport, he recounted the unexpected turn of events, stating, “I’m fine. I didn’t hurt myself; unfortunately, these things happen. It happened at a time when I wasn’t expecting it at all.”
Reflecting on the incident, Jandard humorously noted, “I’ve broken boards before, but the board had never broken me before. Now it has.” Despite the hiccup, he maintained an optimistic outlook, remarking, “I would have preferred this ceremony to have gone well from A to Z. There was that little hitch. If it made people smile a little, so much the better.”
Explaining the mishap, Jandard clarified that his leg gave way upon landing but denied any slippage, emphasizing, “It’s a non-slip [board], and what’s more, the board was new, beautiful, and I think there’s still [some of] my back on the board there.”
With a silver and bronze under his belt at the 2022 and 2023 World Aquatics Championships, respectively, Jandard took the incident in stride, admitting, “It’s a shame, but it’s funny. When you take a step back, it’s funny.”
Looking ahead to the 2024 Paris Games this summer, where he is set to compete, Jandard acknowledged the inevitability of such occurrences in his sport, jesting, “These things happen,” while playfully lamenting, “It had to happen in front of the president and the whole of France. I think we chose the right moment.”
Despite being inundated with supportive messages and playful jabs, Jandard maintained a good-natured stance, urging his followers on Instagram, “Enjoy yourselves, make fun of me. I seriously deserve it!”
Pool News
Earthquake in Taiwan Causes Waterfall From Rooftop Pool
A massive earthquake in Taiwan transforms a rooftop pool into a waterfall. View viral footage.
In a harrowing turn of events, Taiwan was struck by a powerful 7.4 magnitude earthquake, leaving devastation in its wake. The quake, the strongest to hit the island in 25 years, shook the east coast of Taiwan, particularly affecting the city of Hualien and its surrounding areas. With a depth of 34.8 kilometers, the epicenter of the earthquake was located 18 kilometers south of Hualien, according to the US Geological Survey.
As rescue efforts are underway to free those trapped under rubble and debris, the toll of the disaster continues to rise. At least nine individuals have lost their lives, while over 900 others have sustained injuries. The aftermath of the earthquake has left over 100 buildings damaged, with reports of landslides and collapsed structures adding to the chaos.
The force of the quake was so immense that it caused a surreal sight—a rooftop swimming pool overflowing and cascading down the side of a building, creating an impromptu waterfall. Footage captured during the earthquake also shows the sheer force as a man inside a pool struggles to maintain balance, the water swaying violently from side to side.
The region of Hualien County, with a population of approximately 300,000, faces immense challenges in assessing the full extent of the damage. Many inhabitants reside in remote coastal or mountain communities, making it difficult for rescue teams to reach them promptly. The precarious situation is exacerbated by the expectation of aftershocks, with 29 aftershocks greater than a magnitude of 4.0 already recorded near the epicenter.
Compounding the crisis are reports of miners trapped in two mines in Hualien, adding urgency to the rescue operations. Furthermore, over 91,000 households are grappling with power cuts, amplifying the difficulties faced by residents in the aftermath of the disaster.
Despite the widespread destruction, medical facilities in Taiwan’s capital, Taipei City, are functioning, albeit damaged. The Municipal Government has confirmed that hospitals are operating normally, providing critical care to the injured.
The international community has responded swiftly to the catastrophe, with the Biden administration monitoring the situation closely and expressing readiness to offer assistance. In the face of adversity, Taiwan is rallying its resources and resilience, demonstrating solidarity and resolve in confronting this natural disaster.
As the dust settles and the extent of the damage becomes clearer, questions arise about the effectiveness of early warning detection systems in mitigating the impact of natural disasters. Despite Taiwan’s investment in advanced seismic technology, including early warning systems designed to provide crucial seconds of alert before an earthquake strikes, many residents were caught off guard by the sudden and violent tremors. Reports indicate that the early warning detection system, while operational, did not reach a significant portion of the population in time to take preventive action
Pool News
Patent Pending Apple Watch SOS Feature Could Prevent Drownings
A forthcoming feature potentially destined for the Apple Watch, as detailed in a recent patent application, could serve as a lifesaver for swimmers at risk of drowning.
Outlined in the patent is a capability for the Watch to identify “irregular behavior” and automatically trigger a distress call for assistance.
Apple underscores the alarming statistics surrounding drowning, particularly its prevalence among children, as a leading cause of accidental fatalities.
In the United States alone, drowning claims the lives of over 3,500 individuals annually, ranking as the fifth most common form of accidental death. Tragically, a significant portion of these victims are children.
Emphasizing the critical importance of swift intervention during water emergencies, Apple highlights the dire consequences of prolonged submersion without resuscitation, which can result in brain damage and ultimately, drowning.
A Growing Need For Cost-Effective Wearable Solutions
While acknowledging existing underwater camera systems in some swimming pools aimed at detecting distressed swimmers and alerting lifeguards, Apple notes their costliness and unreliability.
Consequently, there’s a pressing need for a simpler, more cost-effective drowning prevention solution suitable for all types of water bodies, including public and private pools, as well as natural settings like lakes and ponds where installing underwater cameras is impractical.
The patent proposes leveraging wearable devices such as the Apple Watch for broader applicability, increased reliability, and the ability to detect various types of emergencies.
Alerting When Swimmers Are In Distress
For instance, if the Watch detects a wearer who is not proficient in swimming entering deeper water, it can promptly dispatch an alert instead of waiting for signs of distress.
These alerts can be transmitted to nearby devices, including those of friends and family, and seamlessly integrate with existing drowning detection and alarm systems to ensure lifeguards are promptly notified.
Apple Watches already boast capabilities to detect and respond to falls, vehicle accidents, and cardiac irregularities. Heartwarming testimonials featured in Apple’s “Dear Apple” video series show individuals whose lives were saved by these functionalities.
As with many patents from Apple, it’s important to note that not all concepts may materialize into actual products. Nonetheless, this innovation stands as a promising addition for potential integration into future watchOS updates.
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