Americans collectively have more than five billion items sitting at home that they no longer use, according to a 2019 survey by online marketplace Mercari. One-click shopping and the globalization of overseas manufacturing has made it easier than ever for consumers to acquire goods. According to the Self Storage Association, an industry trade group, more than 10% of households in the U.S. rented a self-storage unit in 2020, 18% more than in 2005. The self-storage industry has continued to outperform during the pandemic, with several companies reporting strong occupancy and healthy demand, according to the research site Yardi Matrix. But with headwinds threatening the economy will self-storage companies like Public Storage and Extra Space Storage be able to maintain their momentum? And what will new disruptors like Neighbor and Clutter mean for the future of the industry?
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How Self-Storage Companies Make Billions
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These places are a racket they never lose money they auction off your stuff after 30 days of you dont pay. My place doesnt provide insurance so im required to pay for insurance.
When in doubt, throw it out!
NEVER EVER RENT FROM PUBLIC STORAGE!!!!!!!!
NO ONE
I MEAN
NO ONE
WILL HELP YOU
IF YOU HAVE A PROBLEM
NOT EVEN THERE CORPORATE OFFICE
THEY WILL HANG UP ON ANYONE WITH WITH A CONCERN
Zazur person in a wheelchair 🧑🏾🦼
Wow, this vid features a lot of Utah locations! Represent!
Public Storage is no longer the largest now.
Extra Space is awesome. I love having a unit with them.
As s former self storage manager, I'm telling you all,.this business takes your money. Do the math and don't rent storage. You would be better off donating your items to the homeless instead of paying more to store than what the items are worth..
The great course
I don't understand. If it is too expensive to haul away, would someone subscribe to a self storage service and then stop paying?
I bought a dresser and picked it up at a self storage. I paid $80 for it. She paid $100 per month. That is insanely stupid!!
Never would have guessed millennials were using storage more than our parents did.. Wow
Cut the background sound/music! It’s annoying I can hear the information given. This the 2nd/3rd video like this. 👎🏿👎🏿
They are unregulated so they make money by raising rent by 33% every 6 months
How? The world ending virus of consumerism, thats how
I tell people that I'm the best way to store stuff go to a private person who has a garage nothing Youth and Brent that garage for rent. .
another thought is that self storage is expensive, so it might be recession proof in part, that many tenants may be better off financially.
Typical 1st world problem
That Neigbor company is ingenius! I just worry about giving my stuff to a stranger in a kinda unsecure way lol Are there locks only I have a key to? Can I access it conveniently during a kids birthday party in the host's house? Interesting questions.
Never rent with Extra Space Storage their customer service is trash. They will raise your rent and not even tell you and if you're even 1 month behind (regardless of why) they will sell your stuff to auction!
They make billions but pay their employees sh!t and steal customers money. And I know this because I worked for PS
A lot of people hang onto items they do not use anymore because looking at the item reminds them of fond memories. It is possible to still have reminders of those good times which take up less space. Take photographs of the belongings which remind you of things. Then create a photo album for those types of photos. When you are feeling nostalgic, feel free to look at the photos without having so much actual stuff.
0:03 There is an inherent problem with talking about the "number of items people do not use." Most people's items can be broken down into smaller items. For example, suppose that you do not use a specific car very often. Well, a car is only "ONE" item from a particular perspective. If you don't use the car, then you are not using the windshield wiper blades, not using the alternator, not using the transmission, etc…
Wen in doubt THROW it OUT!!
People are too greedy and wasteful
6:38 Sparefoot actually
The Buddha did not believe in materialism. He believed that the endless wants of man only creates endless unhappiness.
I'm a minimumlist I only buy absolutely what I need and only if it helps me make money that's it
the world cannot sustain if everyone live like Americans like 300000 items, if they count every grain of rice then certainy i have that much items
"Millenials use more storage than any other generation" –
Duh, renting a shoebox in any city around the world is expensive. No wonder they're turning to storage.
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The need of trying to fulfill the empty space inside! To fill it with crap, while we destroy the bit left of the planet with our stupid and senseless consumption levels🤢
Because people keep buying stuff they don't need. There, just saved you 10 minutes of your life. Keep watching!
Damn americans, nothing is enough to them!
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The only time I have, and will ever use a storage unit was when we moved from an apartment, back home with our parents while waiting on our closing date for our home.
Lots of those "tiny home" buyers rent storage space since their homes too small. in fact, the irony is that their storage space rental is larger in square footage than their home.
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boomers keep lots of trash. been cleaning out my dead parents house – enormous task of crap
Then Jesus Said to them :
Watch Out !
Be on your GUARD against ALL Kinds of GREED !
A man's life Does Not Consist in the abundance of his possessions!
Luke 12 v 15
The lesser things you have
the happier and lighter your life will be !
I am a minimalist
I enjoy the basic essentials and I am thankful!
hoarding??
de clutter every now and then!!
Can someone who's good with statistics explain how at 1:08 the graph shows an increase of 18% like the video says?
There is a buy nothing movement on the rise among younger generations. I hope it is successful.
We need this in Malaysia
I never knew how big Storage companies are. That explains why there are shows like Storage Wars.
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