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.
Yes, and every time this narrative comes up we seem to conveniently ignore that this is highly correlated with renting instead of buying a home and people of all ages enjoying frequent travel.
If you move often enough within a small radius, you will highly value your storage unit. It's not necessarily just a place for junk. Many people rotate their things when their apartment lease is up or even seasonally. If you live near water, you might even store a boat. Many facilities also offer RV storage. Personally, when I had roommates I would keep my most important stuff in there instead of at home.
The attacks against storage units are engagement bait for nerds about a non-story.
I think, like a lot of other communities, HN has a poser problem. People just parrot and brigade for whatever topic gets some traction with a popular opinion. They don't question how that opinion got popular and they don't care what is being said. They're trying to fit in and collect discussions and memorize talking points. These are the same people who insist AI is replacing humans... maybe their kind of human.
It happened with crypto and it happened with AI. Now that we're back to the usual boring topics it's happening to the most random trivia.
Basically any opinion from the top 100 youtubers will be parroted here on HN. In the past few years, it's been a whole lot of urban planning stuff because of the changes in the real estate market.
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.
OutOfHere · · focus · HN ↗
sublinear · · focus · HN ↗
If you move often enough within a small radius, you will highly value your storage unit. It's not necessarily just a place for junk. Many people rotate their things when their apartment lease is up or even seasonally. If you live near water, you might even store a boat. Many facilities also offer RV storage. Personally, when I had roommates I would keep my most important stuff in there instead of at home.
The attacks against storage units are engagement bait for nerds about a non-story.
OutOfHere · · focus · HN ↗
sublinear · · focus · HN ↗
It happened with crypto and it happened with AI. Now that we're back to the usual boring topics it's happening to the most random trivia.
Basically any opinion from the top 100 youtubers will be parroted here on HN. In the past few years, it's been a whole lot of urban planning stuff because of the changes in the real estate market.