Now I’m curious how you do this. Looking at the future value of $600 over ten years at 6%, I get $1074.51 for the cheaper alternative vs. ten years of better sleep and $0 at the end for the better mattress . Obviously you’re doing something more complicated. What am I missing?moda0306 wrote:
But think about it... $1,000 is the gross cost, but let's say the "cheaper" alternative is $400, so your marginal cost is $600. Let's also assume that your useful life of that bed is 10 years. And your opportunity cost on your money is 6%.
This comes to $81.52 per year.
Bed/Frame Shopping Hacks
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Re: Bed/Frame Shopping Hacks
Re: Bed/Frame Shopping Hacks
I only threw the marginal cost ($600) as a PV into the calculator... so PV: $600 N:10 (years) I: 6% FV: 0 PMT = $81.52.Mr Vacuum wrote:Now I’m curious how you do this. Looking at the future value of $600 over ten years at 6%, I get $1074.51 for the cheaper alternative vs. ten years of better sleep and $0 at the end for the better mattress . Obviously you’re doing something more complicated. What am I missing?moda0306 wrote:
But think about it... $1,000 is the gross cost, but let's say the "cheaper" alternative is $400, so your marginal cost is $600. Let's also assume that your useful life of that bed is 10 years. And your opportunity cost on your money is 6%.
This comes to $81.52 per year.
I don't usually do monthly payments. I hate dividing and multiplying by 12.
Re: Bed/Frame Shopping Hacks
Thanksmoda0306 wrote:
I only threw the marginal cost ($600) as a PV into the calculator... so PV: $600 N:10 (years) I: 6% FV: 0 PMT = $81.52.
I don't usually do monthly payments. I hate dividing and multiplying by 12.
- dualstow
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Re: Bed/Frame Shopping Hacks
I guess you're not a member of the Dozenal Society then.
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- Kriegsspiel
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Re: Bed/Frame Shopping Hacks
Why are you so sure that the more expensive mattress will lead to better sleep?
Re: Bed/Frame Shopping Hacks
I am not "so sure." I think that's definitely up for debate. Hell I wouldn't be surprised if long-term sleeping on a very hard surface was best long-term.Kriegsspiel wrote:Why are you so sure that the more expensive mattress will lead to better sleep?
I wrote this...
So the real debate shouldn't be centered around price, IMO. It should be centered around the affect a "better" bed will have on our sleep. The 23 cents per day makes the marginal cost of a "better" bed almost an irrelevancy, IMO.I think one could make the argument that IF a better bed will have even a modest affect on your sleep quality, one could justify a hell of a lot more than $1,000.
And obviously they can get far-more expensive than $1,000. But even a $4,000 bed that lasts you 10 years @ 6% opportunity cost, and has a $0 salvage value is only a cost of $1.50 per day.
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Re: Bed/Frame Shopping Hacks
I'm in a different bed, different pillow, different sheets, every few days. Unless a bed is outrageously soft, I pretty much don't notice a difference in my sleep. For me, ambient light, street noise, fresh air, temperature and humidity are much bigger factors. But in general, I'm pretty ready to sleep at the end of the day and any bed/room is a very welcome harbor.
Re: Bed/Frame Shopping Hacks
This thread made me remember something I once looked into: a waterbed. It seemed the perfect answer to my need for cushioning to prevent bursitis flareups and getting too hot while sleeping. The sleeping hot thing is really annoying, as it basically means that memory foam and latex, the two best answers to problem #1, are both non-starters.
Has anybody looked into this? I'm too nervous to risk a waterbed in an apartment building, even though it's not forbidden in the house rules.
There are soft-side mattresses that look and act more like traditional mattresses than the classic hard-side waterbed. They have a good amount of padding that protects the water bladder from energetic pets with sharp claws and can be used with an existing bed frame if you add a steel reinforcement kit.
Has anybody looked into this? I'm too nervous to risk a waterbed in an apartment building, even though it's not forbidden in the house rules.
There are soft-side mattresses that look and act more like traditional mattresses than the classic hard-side waterbed. They have a good amount of padding that protects the water bladder from energetic pets with sharp claws and can be used with an existing bed frame if you add a steel reinforcement kit.
- Mark Leavy
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Re: Bed/Frame Shopping Hacks
I do think about it now and then. But I think that the news is bigger than the problem. I was in NYC around April of this year and I was a bit leery, (The Gregory) but I didn't see any signs. Also, I frequently move to hot weather climes and from what I understand, bedbugs and their progeny don't survive +100 degree weather well.MangoMan wrote:Mark, just curious: Are you at all concerned about bed bugs getting into your belongings? I hear they are on a big comeback roll, and I'm always paranoid when I stay in even nicer hotels.Mark Leavy wrote:I'm in a different bed, different pillow, different sheets, every few days. Unless a bed is outrageously soft, I pretty much don't notice a difference in my sleep. For me, ambient light, street noise, fresh air, temperature and humidity are much bigger factors. But in general, I'm pretty ready to sleep at the end of the day and any bed/room is a very welcome harbor.
In all honesty, I have been surprised at the general cleanliness and pest control that I find everywhere in the world. Yes, an occasional roach or rodent - but no more often than when I have lived in similar climes.
- Mark Leavy
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Re: Bed/Frame Shopping Hacks
The few times that I did some teen-aged house sitting via a waterbed - it was horrible. At least for me.WiseOne wrote:This thread made me remember something I once looked into: a waterbed. It seemed the perfect answer to my need for cushioning to prevent bursitis flareups and getting too hot while sleeping. The sleeping hot thing is really annoying, as it basically means that memory foam and latex, the two best answers to problem #1, are both non-starters.
Has anybody looked into this? I'm too nervous to risk a waterbed in an apartment building, even though it's not forbidden in the house rules.
There are soft-side mattresses that look and act more like traditional mattresses than the classic hard-side waterbed. They have a good amount of padding that protects the water bladder from energetic pets with sharp claws and can be used with an existing bed frame if you add a steel reinforcement kit.
I like a stiff, sturdy sleeping surface and a waterbed just seems like a bad nightmare - grabbing me, sucking me into the depths...
Maybe it's just me, because my hosts just sort of looked at me funny when I tried to describe my 20,000 leagues under the sea experience.
Then again, things may have improved since the '70s...
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Re: Bed/Frame Shopping Hacks
I don't really trust any review site, but that disclaimer tingled my Spidey-sense when I looked at it.MangoMan wrote:Before you use any of those mattress comparison sites, read this article.
OMG, caveat emptor.
"“I was an intimate friend with Derek,” Joe Alexander, the Nest Bedding CEO, told me, “and apparently I can never talk to him again.” His best guess was that Derek sold Sleepopolis in the end for about half what it was actually worth, but still something like $3 million to $5 million. “I’m going to venture to guess Derek is sipping margaritas somewhere, laughing at all of us,” said Alexander good-naturedly. Online, I found a Halloween picture of Derek and Samantha dressed as Neo and Trinity from The Matrix, wearing sunglasses and brandishing toy guns."
Derek's wife sounds like a keeper. Christian Mingle, eh?