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Started By
Message
1
Posted on 2/6/24 at 9:39 am to tylerlsu2008
quote:
we move out of the city and buy a home, we won’t have a need anymore.
You don’t need it now. It would be cheaper to buy brand new furniture later.
Posted on 2/6/24 at 9:40 am to SUB
quote:
They are living in the self storage units.
YOU WILL LIVE IN ZE PODS!!
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 9:41 am to dat yat
quote:if you’re not using the stuff why keep it?
Paring back is hard and you have to keep your stuff somewhere.
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 9:43 am to dallastiger55
quote:
Met a guy at a party a month ago that owns 3 storage businesses. Said they print money
Seems like a good investment. The rates for air conditioned storage has gotten so high.
I know a family that used to own a lot of them in north Alabama/Tennessee and they seem to do very well
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 9:44 am to JohnnyKilroy
quote:
I thought all the older generations lived in sub 1200 sqft homes?
My greatest gen grandparents raised their 3 boomer kids in a 1200sqft house and continued living there for 65yrs til their deaths 2008.
Loved that home and pass by it anytime I’m back up North
Posted on 2/6/24 at 9:45 am to blueridgeTiger
I thought it was illegal to “live” in them
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 9:46 am to SonicAndBareKnuckles
They're as stupid as fricking payday loans.
If people used them as intended, for short-term storage when you move to a new city or something, then fine.
But I guarantee most are filled with junk people forget about or can't let go of.
My mom was a hoarder and got two pods at some point after Katrina. she paid them for years until she died.
Going through her finances, I saw she was paying $400 a month. Going back years. Thousands of dollars pissed away.
I was so mad. I went and looked at the first one. Nothing of value in it. Not trash, but just stuff that wasn't worth holding on to. Blankets, Christmas decorations, etc.
I didn't bother looking in the second. I knew it was more of the same. Stopped payment on both units immediately and told them to do whatever they wanted to the stuff but i wasn't paying for it anymore.
If people used them as intended, for short-term storage when you move to a new city or something, then fine.
But I guarantee most are filled with junk people forget about or can't let go of.
My mom was a hoarder and got two pods at some point after Katrina. she paid them for years until she died.
Going through her finances, I saw she was paying $400 a month. Going back years. Thousands of dollars pissed away.
I was so mad. I went and looked at the first one. Nothing of value in it. Not trash, but just stuff that wasn't worth holding on to. Blankets, Christmas decorations, etc.
I didn't bother looking in the second. I knew it was more of the same. Stopped payment on both units immediately and told them to do whatever they wanted to the stuff but i wasn't paying for it anymore.
Posted on 2/6/24 at 9:47 am to KiwiHead
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”.
Posted on 2/6/24 at 9:51 am to GreenRockTiger
quote:
if you’re not using the stuff why keep it?
Sentimental and/or hoarding.
Ours is basically the contents of my wife's childhood home after her mom died (mom was pretty young). It's like a snapshot in time from the late 90s.
Posted on 2/6/24 at 9:52 am to SUB
quote:
They are living in the self storage units.
5 gallon bucket for the bathroom
Tap into the electrical system for power
Cheap AF living
Posted on 2/6/24 at 9:52 am to Pettifogger
quote:
My wife has a storage unit in Dallas that we've paid for probably 15 years. We've been in a cold war about it for a decade. It's like 250 bucks a month now.
15x12x250 = $45,000. Ouch
Posted on 2/6/24 at 9:53 am to Pettifogger
quote:I had all that stuff until 12 feet of water
Sentimental and/or hoarding. Ours is basically the contents of my wife's childhood home after her mom died (mom was pretty young). It's like a snapshot in time from the late 90s.
I don’t miss it
Posted on 2/6/24 at 9:53 am to MrWhipple
quote:
15x12x250 = $45,000. Ouch
It hasn't always been 250 but yeah, it's ridiculous
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