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The Cost of Being Cheap

September 26, 2011 Leave a comment

I’ve realized it takes a lot of time, money and hard work to be a world-class cheap ass.

For example, the faucet in my bathroom has been leaking for – I don’t know – about five years give or take a year. The cheap man’s solution to a leaky faucet is to completely ignore the problem, which I did successfully for the past five years. But recently the leak turned from a slow drip into something more akin to Niagara Falls, so I decided this problem finally needed some attention.

Now I am no plumber (unless you count the ability to clog a toilet) but after a little research on the Internet (aka the cheap man’s enabler) I saw that leaky faucets can often be fixed by replacing the “seats and springs“, which is basically a rubber gasket with a spring that sits inside the faucet’s handles.

Now the cheap man gets excited about a fix that is going to cost him a few dollars instead of the obscene amount it would cost to get new faucet, so after consuming a few Youtube videos on the topic, I jumped right in and began to take my faucet apart.

And, of course, I ran into my first problem immediately upon starting – I had no idea what brand of faucet this was.

My bathroom faucet is a nondescript item; made of cheap chrome and cheaply designed in such a way that if I had to guess, it retailed for around $5 in 1987. There was no indication of the manufacturer anywhere on the outside (probably by design since no one would want to be associated with this piece of crap) and was generic looking enough that it was impossible for me to track down even with the help of the internet.

The closest representation I could find online was this thing of beauty from Kingston Brass (although mine had different handles and was clearly an older model):

But this small problem was not enough to slow me down. I had removed the seat and spring from the hot water handle*. I could simply go to one of those big box home retailers and match up the old seat and spring with a new one from the store using my keen powers of observation.

Not surprisingly, that failed. Despite having a wall dedicated to seats, springs and various other faucet repair products, neither of the two stores in my area had seats and springs that looked anything like the one I pulled from my faucet.**

While my first attempt at identifying the faucet turned up empty, I had read online that faucets can sometimes have their identifying information stamped on the bottom. I was hesitant to completely disconnect the faucet and pull it out on the small chance that the brand was somewhere underneath, but I was getting desperate.

After disconnecting and removing the faucet, the only thing I found was about five pounds of plumber’s putty stuffed up inside it. The bottom was complete devoid of any information about the manufacturer or the brand. Or maybe it had been there at one time only to have been assimilated by plumber’s putty in the intervening years.

At this point, with the faucet completely removed, the cheap man inside of me broke down and asked my wife if we should just buy an entirely new faucet. While this idea cut against my core beliefs, my wife had been bugging me for a while to replace that faucet*** and I had just done half of the labor involved in putting a new one in.

Not surprisingly she said yes, so I ran out to the store and bought the cheapest faucet I could find, an AquaSource Two-Handle WaterSense for $25 on clearance. It wasn’t until I got home that I started reading reviews and discovered why it was on clearance – it’s apparently a leaky piece of junk.

Now I may be cheap, but I’m not a complete idiot****, so instead of installing the faucet and having it leak on me within the year, turned to the Internet again and ordered a Price Pfister faucet online that received better reviews (and sadly, was more expensive). There was one small problem, however, the faucet was a special order item and had to be ordered and shipped from the warehouse. Approximate arrival date – 4 to 10 business days.

A total lack of sink in the primary bathroom is perfectly acceptable for me (I can just brush my teeth in the kitchen sink, see problem solved), but it’s an inconvenience for most normal people, so I reinstalled the old faucet temporarily until the new one arrived. After hooking everything back up, I realized why an entire drum of plumbers putty was stuck all up in the old faucet – it leaks like crazy from the bottom without it.

Damn.

So I’m currently without the use of a faucet in my bathroom while I wait for my new faucet to arrive. And a $2 set of faucet seats and springs slowly and painfully turned into a new faucet. Approximate cost of this fix in time and money:

New faucet – $50
Plumbing materials – $4
Number of trips to the store for parts – 3
Hours spent uninstalling and reinstalling an old faucet that doesn’t work and will eventually need to be removed again – At least 2
Number of Youtube videos watched on leaky faucet repair – At least 10
Time spent researching faucet repair on the internet – Way too damn long
Number of bathroom sinks that currently work – 0

Like I said, it takes a lot of hard work to be this cheap.

More on repairing a faucet leak
Video on how to fix a leaky faucet

***

*It was a two handle sink and the hot water side was leaking, which apparently is the more common side to start leaking first.

**This is the point where I could have went to a plumbing supply shop and begged for help if there was one in my area.

***In her defense, it is a butt-ugly faucet that was leaking.

****Just a partial idiot.

Categories: cheap, home, Uncategorized Tags: , ,

>Healthcare Reform

March 25, 2010 Leave a comment
Categories: Uncategorized

>Welcome

March 29, 2007 Leave a comment

>More to come as I get the time to do things. Right now, check out my resume, if you want.

Categories: Uncategorized

>About Me

March 29, 2007 Leave a comment

>Contact Information


Patrick Madden
75 Washington Ave, Suite 206
Portland, ME 04101
pmadden@marketdecisions.com

Who is this Guy?


I was born in the city of Fall River, Massachusetts around the time that Steve Jobs and Steve Wozniak released the Apple II+ (now with 48K of RAM)! Fall River is probably best known as the hometown of Lizzie Borden, or if you’re not so gruesome, home to the largest collection of WWII battleships in the world.

I did not stay there long. Instead my family bounced around the New England area, trying out different states in the region. Growing up, I loved sports (particularly the Red Sox and Celtics) and video games. Sounds like just about every boy more or less. But I also remember creating my own computer spreadsheets when I was about 13 years old to track the results of my fake basketball league (where I was the star player of course). That, I assume, is a little unusual.

Education

MBA, University of Southern Maine, Business Administration (2003)
B.S., University of Southern Maine, Business Administration (2001)

When my professional baseball career flamed out at the age of 17 (I had a tough time hitting that high school curveball), it was time to come to the harsh realization that I was not going to be the second coming of Wade Boggs.

Since I was a solidly-above average high school student (but not in a showy kind of way) I did have my pick of non-elite colleges as long as I was willing to pay for them. I ended up picking my college based on it’s proximity to mountains that I could ski, which looking back, is probably not the best way to choose a college. I would not recommend that method to my kid.

However, it turned out ok, and I even decided to stay there an extra couple of years to get my MBA. To this point in my life, the best thing about my MBA is that it allowed me to stay in school for an extra two years.

Survey Research


Senior Research Analyst, Market Decisions, LLC (2003-present)
Research Assistant, Center for Business and Economic Research, University of Southern Maine (2000-2003)

Being a solidly above average student (but not in a showy kind of way) and in the graduate program at USM afforded me the opportunity to become a graduate and research assistant at CBER. Less than a decade removed from the experience and I can’t even tell you what CBER actually did, but I remember that it 1) gave me my first introduction to survey research and primary data that was collected specifically for things WE wanted to know, and 2) gave a data geek like me access to cool toys like SAS.

Of course, being a graduate student living off your credit cards and getting paid like an indentured servant can only last so long and eventually I was forced to get a real job, as they say. It feels like an eternity ago, but 2002-03 was also a bad time for job hunting, as we were coming off the tech/internet “boom” of the late 90’s. It took a while, but after many, many failed job interviews, a company called Market Decisions was desperate enough to hire a young guy with little experience and teach him the survey research ropes.

Fantasy Sports

Give Me The Rock
Creating my own fake basketball leagues on computer spreadsheets naturally led to fantasy sports, which led me to creating my own spreadsheets for fantasy sports, which led me to the world of blogging for fantasy basketball. I created my own now-defunct blog back in 2004, but joined forces with Nels at Give Me The Rock in 2005 to form the MBA power-blogging duo at the longest running fantasy basketball blog in the world. Everyone needs their niche.

House Projects


2005 was a petty busy year for me. I got promoted, got married and bought a house. A nice, old house that looked like it was last updated in 1985 and need a lot of TLC. A combination of ambition, cheapness, and ignorance led me to take on many home projects myself. Most have been successful and most have gone over budget and way over time. But the results, while painful at times, have been decent.

Skills

You mean like nunchuck skills, bowhunting skills, computer hacking skills?

It’s too bad that Jared Hess and Jon Heder turned out to be one trick ponies, because that was an awesome movie.

Categories: Uncategorized
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