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?
US here. where I am: Recycling is free, hazardous waste is open a few days a month (also free), appliances are free, and rubbish is measured by weight (they weigh your vehicle on the way in and out). They pay you to take metal.
Without any fee beyond the required annual solid waste bill, my municipality will let me set out up to 20 (!) bags of trash per week with up to 50 lb (!) in them every week. I can throw out two tons of trash per month without having to haul anything anywhere or pay any extra fees.
Clearly this is madness, but it does make it a lot easier to throw shit out than put it in a storage unit.
Trust me, given how many people just accumulate trash because it's expensive, that's an absolutely sane and excellent policy. As a society, we want people to use trash disposal, because the alternative is expensive, painful, and disgusting.
You can literally tell which municipalities in my state have been hoodwinked by the Karens into adopting "pay as you throw". They're the ones where there's trash everywhere.
It's like these people can't think two steps ahead (I'd go so far as to say that's the defining feature of regulatory policy in this state). You just gave people a financial incentive to litter and dump.
Alaska was like this. Taking your trash to the transfer station or dump was expensive, so people throw it all over the place, trashing the highways and vacant land, or they use burn barrels and cause massive pollution torching plastic and other things. It's pretty horrifying to see such beautiful areas littered up :-(
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?
throw5678 · · focus · HN ↗
ElevenLathe · · focus · HN ↗
Clearly this is madness, but it does make it a lot easier to throw shit out than put it in a storage unit.
jaggederest · · focus · HN ↗
cucumber3732842 · · focus · HN ↗
It's like these people can't think two steps ahead (I'd go so far as to say that's the defining feature of regulatory policy in this state). You just gave people a financial incentive to litter and dump.
fakedang · · focus · HN ↗
freedomben · · focus · HN ↗
cucumber3732842 · · focus · HN ↗
Most of the US East coast has no such excuse.