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Self storage - an American phenomenon
Posted on 2/6/24 at 9:28 am
Posted on 2/6/24 at 9:28 am
Saw a blurb this morning that 25% of millennials are renting self storage, which is outpacing Boomers and Gen X.
There are over 51,000 self storage locations in the US compared to about 14,000 McDonald’s. They’re building new ones around town constantly.
Why are people keeping stuff that will end up tossed or donated one day anyway? Some people are paying $300/month to store old furniture, cars, etc.
There are over 51,000 self storage locations in the US compared to about 14,000 McDonald’s. They’re building new ones around town constantly.
Why are people keeping stuff that will end up tossed or donated one day anyway? Some people are paying $300/month to store old furniture, cars, etc.
41
Posted on 2/6/24 at 9:29 am to TejasHorn
They are living in the self storage units.
Posted on 2/6/24 at 9:29 am to TejasHorn
quote:
Why are people keeping stuff that will end up tossed or donated one day anyway? Some people are paying $300/month to store old furniture, cars, etc.
Posted on 2/6/24 at 9:30 am to TejasHorn
my wife ABHORS storage sheds. its a tricky situation because i'm a hoarder 
and will obsess for years about that one doodad she threw out that i needed 10 years later 
but i know she's right. less is more and if your shite is boxed up and you're not displaying or using it then what's the point?
and will obsess for years about that one doodad she threw out that i needed 10 years later but i know she's right. less is more and if your shite is boxed up and you're not displaying or using it then what's the point?
Posted on 2/6/24 at 9:31 am to TejasHorn
The war for storage will be waged on all fronts.
Pray for the youth of this nation.
Pray for the youth of this nation.
Posted on 2/6/24 at 9:31 am to TejasHorn
for some purposes, its money well spent. for others, its money wasted.
Posted on 2/6/24 at 9:31 am to TejasHorn
quote:
Saw a blurb this morning that 25% of millennials are renting self storage, which is outpacing Boomers and Gen X.
Probably has to do with dumbass student loan indebted millennials living in small apartments compared to larger living spaces of older generations.
This post was edited on 2/6/24 at 9:57 am
Posted on 2/6/24 at 9:35 am to TejasHorn
I can see keeping a car in one of you don't have a garage at home or just have a carport. And it's worth keeping out the weather. Or the HOA won't let you have car visible on your property.
Posted on 2/6/24 at 9:36 am to TejasHorn
Where else are they going to store all their Funko Pops?
Posted on 2/6/24 at 9:36 am to TejasHorn
They're eyesores IMO.
Posted on 2/6/24 at 9:36 am to TejasHorn
A lot of it may be those of us living in apartments in big cities. My wife and I got one when we moved in together and combined things. Once we move out of the city and buy a home, we won’t have a need anymore.
Posted on 2/6/24 at 9:36 am to TejasHorn
Mailbox money
Posted on 2/6/24 at 9:39 am to TejasHorn
Apartments, townhouses, many "garden homes", and homes in old neighborhoods don't have garages or space for a shed.
Paring back is hard and you have to keep your stuff somewhere.
Paring back is hard and you have to keep your stuff somewhere.
Posted on 2/6/24 at 9:41 am to TejasHorn
Local property owners/developers can't build enough of these right now because out of state investment groups LOVE buying these things up in bunches.
I have a retired MD in my family who rents 5 storage units plus a boat storage space as well.
Boomers cannot get enough. They have so much fricking money, they would rather pay to store their old useless shite than spend the time getting rid of it.
I have a retired MD in my family who rents 5 storage units plus a boat storage space as well.
Boomers cannot get enough. They have so much fricking money, they would rather pay to store their old useless shite than spend the time getting rid of it.
This post was edited on 2/6/24 at 9:42 am
Posted on 2/6/24 at 9:41 am to TejasHorn
Mindless consumerism and keeping up with the Jones's always needing the newest and best is the reason...
Posted on 2/6/24 at 9:42 am to TejasHorn
We have houses with rooms and closets to keep our shite. Fill attics with shite, but we have surplus shite....thus the self storage business
Posted on 2/6/24 at 9:44 am to TejasHorn
I assume most of it is boomers and beyond shite that got passed down. Most millennials aren’t pack rats like the old generations
Posted on 2/6/24 at 9:46 am to TejasHorn
If used right, they can actually save you money in some circumstances. Most people just hold on to junk.
It can take a lifetime to accumulate tools or business materials and machinery, parts, etc. If your circumstances change, such as a move, a divorce, a death in the family, or a loss of employment, etc., it can be a lifesaver to be able to store your things until you get back on your feet.
It can take a lifetime to accumulate tools or business materials and machinery, parts, etc. If your circumstances change, such as a move, a divorce, a death in the family, or a loss of employment, etc., it can be a lifesaver to be able to store your things until you get back on your feet.
Posted on 2/6/24 at 9:48 am to TejasHorn
I have a good friend that owns rental property, commercial property, hotels, gas stations, etc.
The most profitable thing he owns are storage units and he’s solely investing in them now. He bundles them and sells them to private equity.
His comment was, “in America we can’t throw anything away. There’s some belief that junk will have a use someday”.
The most profitable thing he owns are storage units and he’s solely investing in them now. He bundles them and sells them to private equity.
His comment was, “in America we can’t throw anything away. There’s some belief that junk will have a use someday”.
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