This article takes the view of the consumer, "Why do so many people pay to store items they almost never use?". But in actuality, the interesting part of this is why is there so much supply of self-storage businesses?
The answer is: cash flow. Self-storage businesses are the almost perfect solution for someone with a good size (but not enormous) bucket of money that they want to put to work generating cashflow:
1. Cheap build out (cheap land, cheap facilities)
2. Almost entirely hands-off (no employees, automated entry)
3. Low liability (low risk of customers suing you)
4. Low overhead (just pay for taxes, electricity, minimal maintenance)
5. Reliable monthly cash flow
The abundant supply of these businesses, I suspect, tends to generate demand: it's easier to pay $80/month to store your junk than spend the time and emotional labor of picking through what you want to keep and what you want to get rid of. That ends up being captive long-term revenue.
I disagree with the last point -- it's a pain to gather a bunch of things up, put them in vehicles (or rent a truck), find a storage facility that isn't full, rent the unit, haul your things over to the unit.. all the while ignoring that you're putting off whatever culling and disposal ceremony you should actually be engaging in.
My local town gives you two free visits to the garbage transfer station per year. Choosing storage over that seems harder.
> My local town gives you two free visits to the garbage transfer station per year.
Where I live in Norway the recycling station is open three days a week and I can take stuff there free as often as I like up to 2 000 kg of stuff per year.
It has never occurred to me that there would be a limit on the number of visits. Or have I misunderstood?
Recycling dropoff is normally free in North America. Waste that cannot be recycled is typically charged by weight for the cost of disposal at waste facilities. You can visit either as often as you like, but will pay to have your garbage disposed of. The GP lives in a place where you do not have to pay for non-recyclable waste the first two times you visit per year. This is normally done to encourage people with a large volume of waste from a single cleanup to dispose of waste properly (dumping on vacant land is a big problem in many parts of NA).
Recycling drop-off is not free for me, and neither is having recycling picked up at the house. If I need to drop stuff off at the dump, it's a flat fee per drop-off with a limit of one trailer load per drop-off. Burn barrels are also illegal in Maricopa County, so Amazon boxes just go in the trash.
epochbtc · · focus · HN ↗
The answer is: cash flow. Self-storage businesses are the almost perfect solution for someone with a good size (but not enormous) bucket of money that they want to put to work generating cashflow:
1. Cheap build out (cheap land, cheap facilities) 2. Almost entirely hands-off (no employees, automated entry) 3. Low liability (low risk of customers suing you) 4. Low overhead (just pay for taxes, electricity, minimal maintenance) 5. Reliable monthly cash flow
The abundant supply of these businesses, I suspect, tends to generate demand: it's easier to pay $80/month to store your junk than spend the time and emotional labor of picking through what you want to keep and what you want to get rid of. That ends up being captive long-term revenue.
browningstreet · · focus · HN ↗
My local town gives you two free visits to the garbage transfer station per year. Choosing storage over that seems harder.
ninalanyon · · focus · HN ↗
Where I live in Norway the recycling station is open three days a week and I can take stuff there free as often as I like up to 2 000 kg of stuff per year.
It has never occurred to me that there would be a limit on the number of visits. Or have I misunderstood?
dghlsakjg · · focus · HN ↗
skipkey · · focus · HN ↗