While there are good use cases -
> The United States is the world leader, with roughly ninety per cent of global capacity. [...] there are more self-storage facilities in the U.S. than there are Starbucks, McDonald’s, Walmart, Home Depot, Domino’s, Dunkin’, and Costco locations combined. Annual revenues are estimated to be more than forty billion dollars.
> I asked a Welsh facility manager I met in Las Vegas what his customers keep in their units, and he said, “It’s . . . it’s . . . rubbish.”
> My wife and I have a friend whose mother died in 2006. She and her siblings decided to sell their mother’s furniture and donate the proceeds to a charity that she would have approved of. “We put everything in storage temporarily, and it’s all still there,” our friend told me. She figures that they’ve spent at least fifty thousand dollars in rental fees so far—more than they could get from selling the furniture.
That probably doesn't even consider inflation, $1 in 2006 was worth $1.60 in today's money. People are really bad at long term financial planning but also get really attached to objects with some sentimental value. So this is a market where it's even easier to exploit that poor financial education.
Go to any warm state in the country and ride through the parking lots at night. If you are the observant type, you should see an astonishing number of folks living in their vehicles.
And home ownership is not only downward, but no longer part of the American dream for most people now. Storage facilities for many, are a place to lay down, or rent hope that things won't always be "this way".
We need to fix this. It's not just drugs and mental problems anymore.
For example, if I’m living out of a car I’m more likely to use EBT to buy some bags of chips I can toss in the car rather than some cheap chicken and fresh veggies or eggs. How would I store chicken or cook any of it if I live in a car?
Yes, I know there are solutions here like small fridges and hot plates. But those cost money and require time and effort. Again, scenario is living in a car or the streets.
Additionally, rent can easily be inaccessible for the employed. And for those who don't have vehicles, 'just moving to a cheaper area" is not a practical option.
https://worksinprogress.co/issue/the-housing-theory-of-every...
IMO high housing prices are destroying civilization.
It's like a game of musical chairs. There aren't enough houses to go around. You go around and the music stops. Everyone scrambles to their nearest chair. Obviously the person on crutches will be the first to fall out of the game. The rest then talk about laziness, drugs, bootstraps, and all the rest. But add 1 more chair and there's no problem, even the dude with the broken leg can sit.
When you say “we need to fix this” no one can agree what “this” is. There is no one “this” and it becomes a morass of generational systemic issues, localized problems, competing views on economics, morality, government and more. It reminds me of when tech people show up to “fix” education. It just isn’t a single issue.
I agree we need to fix something, but as soon as I think about the big picture it feels futile and I have been involved in efforts for decades.
I'm at the age where a lot of friends are starting to deal with parents passing away, and it is very stressful for the next-of-kin to not only have to deal with the grief of loss, but then have to figure out what to do with houses and storage units full of junk. Some attempt to pick through the crap to find the 0.1% with legit sentimental value, others have more energy and try to do yard sales / estate sales, but most just call the truck and haul everything to the dump.
I don't know where people get this idea that their children are going to appreciate garages full of falling-apart furniture, "fine china" and 1970s era stereo equipment. If you want to pass on something to your children they will appreciate, pass them a cleaned-out home or pre-arrange a junk hauler.
I also hate junk. If anything I own doesn't get used for more than a year, I'll sell it or trash it (with a few exceptions).
So the even the thought of paying a monthly fee to store junk gives me real anxiety.