Viewing a single comment thread. View all comments

planetarylaw t1_izs5zsv wrote

Thanks for sharing your insights. What your saying makes sense except for one thing. I can't wrap my head around the demand for storage units or mattresses. Are there really that many people renting and using storage units? And do people buy mattresses that often? I've kept the same one for 15 years and it's fine.

2

Forkmore t1_izs8hd3 wrote

Right now I’m paying for a storage unit because I was priced out of my apartment and moved in with family in the interim. I’m not sure that selling/trashing everything and then rebuying when I move again would have saved money over the cost of a storage unit. I guess it all depends on how long I’m bleeding money for the unit.

7

planetarylaw t1_izsgrvy wrote

Oh yeah, I hadn't thought about that. The state of the housing market and economy right now is probably putting a lot of folks in position to use a storage unit. A while back I lived with family and used one of those little sheds to store all of my stuff in. Depending on how long you intend to love with your family, one of those little sheds might be cheaper. Worth looking into!

1

czervick212 t1_izs79ud wrote

Storage units are definitely getting filled up at a wild rate or developers would stop building them. They do a lot of research on the market and look at average household income and determine if there's a market for it. Americans buy a lot of stuff, gotta put it somewhere. The way I see it, small houses can't hold a lot of stuff, where are you going to keep your Christmas decorations? Where does your lawnmower go in the winter if you don't have a garage? Snowblower in the warmer months? We buy big things that we don't need for portions of the year, gotta put them somewhere.

On the mattress front, mattresses are super expensive. A store needs to sell between 5-10 a month to pay rent. That's some pretty low pressure sales considering when someone needs a mattress they really need a mattress. Landlords also love mattress stores (chain ones like mattress warehouse and mattress firm, local ones are typically for shittier centers, think something like Cromwell Field out in Glen Burnie) since they have great credit and require very little parking meaning the shopping center can focus it's parking on grocery store parking etc. It's a great business model so long as you don't get greedy like mattress firm did a few years back. Interesting story if you want to read about it look up mattress firm corruption or something like that.

3