The Conservative Cave
Current Events => The DUmpster => Topic started by: franksolich on May 22, 2008, 08:46:23 AM
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3324234
Oh my.
The High Priestess of Moloch to the primitives is at the end of this bonfire.
raccoon Donating Member (1000+ posts) Thu May-22-08 09:16 AM
Original message
The Storage business appears to be booming. In my neck of the woods, seems like everywhere you turn, there are storage facilities to rent.
I can understand people in transition, maybe working abroad for a few months or whatever. Not to mention foreclosures, having to move from your house to a small apartment, etc.
But at some point a person could be spending more to store the stuff than the stuff is worth. In which case, s/he might as well sell it. I had a cousin who ended up spending more to house her furniture than the furniture was worth.
Jim__ Donating Member (1000+ posts) Thu May-22-08 09:21 AM
Response to Original message
1. We all believe bad situations are temporary.
So, you pay to keep your furniture in storage, because you're going to be able to get it out in a month or 2. I'm afraid bad situations are going to be long-term in our current economy - at least 'til we can get rid of junior.
nebenaube (1000+ posts) Thu May-22-08 09:24 AM
Response to Original message
2. just bought $2k worth of furniture that had been stored for three years at $90/month. Some nice new furniture as well as some sweet antiques.
crispini Donating Member (1000+ posts) Thu May-22-08 09:29 AM
Response to Reply #3
5. OMG
A “residential unit†is one where the renter tries to illegally live in the unit. “We used to see one or two residential units a month,†Mr. Reger said. “Now I’m seeing 6 or 8 or 10. At one facility in D.C. the other day, we had three residentials.â€
DANG.
Horse with no Name Donating Member (1000+ posts) Thu May-22-08 09:30 AM
Response to Original message
6. Last summer we cleaned out TWO storage rooms that my deceased FIL had
The owner of the facility said that he had paid $25k over the last 20 years to house this stuff.
Out of the ENTIRE two rooms...the only things worth saving was a couple of old platform rocking chairs and a bedroom suit.
The rest we threw away.
Old papers...broken picture frames, old TV's, old parts to CT Scanners and MRI machines that were obsolete (he was a service technician for Picker International) amongst the garbage. I actually even threw away the schematics for the machines themselves. I hope nobody wanted them.
After seeing this, I will NEVER acquire one of these units. If for some reason I happen to need one...then that will be a very good time to declutter because you are correct. At some point it does become less expensive to let stuff go than it does to save it.
One wonders what Ms. Ed's bedroom suit looks like.
One hopes it isn't her birthday suit.
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33 years ago a friend and I went to one of those auction sales where they clean out those units that people fail to pay the rent on. It was in a large city and us country bumpkins just wanted to see what was in them. All the way home he tried tried to talk me into building some storage units on a "prime" piece of real estate I owned. I spent the whole trip telling him how it wouldn't work in our little hometown. I didn't want to ruin a "prime" piece of commerical real estate.
Well, I sold the property and made a little money but now there's over 500 storage units nextdoor to that property. I could of had a couple thousand easy renting at $60 a month.....DAMN, did I miss the boat.
Oh well, you know what they say about hindsight.
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In our area those storage units go for between $5/ft2 to $12/ft2. That's way more than commercial and just slightly higher than retail. WOW
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Those little portable storage pods are everywhere now! I wish I had thought of that.