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Nice Ikea Kallax bookshelf .... might buy one.

Just buy less and save/invest more

The digital storage industry revenue has surpassed 70 billion dollars in 2018. On the other hand, the self-storage industry earned 13 billion dollars in annual revenue in 2020. Apparently, digital clutter has become a bigger problem than physical clutter.

Probably millennials use storage because we cannot afford houses

I wonder if shows like 'Storage Wars' have influenced people to not use storage units, so as not to end up losing all their items if they can't make rent.

Just as I was watching the video I thought "Well, if it is so profitable maybe I should rent my empty rooms as storage" and minutes later they mention they already have an app that lets people rent their empty space. Damn!

Remote hoarders. Fascinating.

I have about 500 books in a storage unit. Pretty painful to have to leave them there, but it was the only way.

No fear The storage unit buisness will be booming more than ever after the moratoriums are lifted.

Where’s my large electric craft scissor? Remember after searching, I gave it away to charity. Still in original box. Dang!!! Do I go out and buy another?

The recommendation is actually true and reliable...I'm new to this and tried getting a credit card from Goldvendor10 on telegram...It works and so easy,bills paid now..he is really the best vendor to deal with

Poverty

Just letting you know the self-storage industry is as essential as the grocery store and the sanitation department during this pandemic. Something to think about. The workers in self-storage need to get vaccinated along with them.

Loved how this video is made 👏 ✌️. I also have been working on similar videos and maybe you should check me out. I'm sure you'll find see a lot of useful info on this topic on my channel too.

They offer super cheap price to entice you. Once you’re in, they’ve got cha. Raising price every few months or so based on the demand. When you question them, the managers just shrug their shoulders and tell you “It is what it is.” So people, get rid of things you don’t need.

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Subscription-based landfill.

We have an epidemic of shopaholism.

Millenials use storage the most because many are poorer than previous generations. Very few own a house to store the little stuff that they own. Also the social safety net just isn´t there like in previous generations with many divorced parents who no longer live together in the house they grew up in.

Hoarders. Need I say more?

Your channel definitely deserves my subs!

I wonder if millennials are using self storage at higher rates because home ownership compared to previous generations is lower

it never ceases to amaze me that an cell phone app can be worth trillions. if not for state support this economy would have collapsed long ago.

Wework should have gotten into this business couple of years ago , they could have saved themselves

Well, selling stuff and getting rid of items u won't need is completely out of the question right? -_-

These places are taking over New York City

I hope to learn from this as well.

Can you do a video about the housing markets, The lady at the beginning of the video says a lot of people are being evicted and loosing their homes. But in my area Homes are on the market for a week before going under contract and have gone up 36% since last year.

Think before you buy.

Disaster of excess...

The only buildings being built during a pandemic in Minnesota are senior only housing, instead of regular housing, and self storage businesses.

Looks like all the democrats with cushy corporate jobs showed up to derogate people who use storage.

if you have a lot unused stuff laying around, both physical and digital, you'd probably need Marie Kondo

There was and is still sooooo much construction with these storage units in south florida.

Happy new year y'all Please repent because Jesus is coming soon Like so more people can see this

The video still missed the exact way on how self-storage places make money.....hint = rate increases. Too bad was not in the video.

Interesting 🤔

One word - hoarding. People who mindlessly accumulate stuff often have terrible financial habits. Then they lose their home and don’t want to part with their “treasure” so the stuff goes into a storage unit.

When covid goes away: GARAGE SALE

#Minimalism

[laughing in student debt] You think younger generations have enough money to buy crap that wouldn't fit in our living areas?

"The things you own wind up owning you." ~ Tyler Durden

The more stuff you have the more you became unhappy

CONSUMERISM. Unnecessary debt-ridden consumerism.

One of the symptoms of capitalist society.

So in short, this is literally the physical version Cloud Storage.

I live in Nebraska, never heard of “public storage” or “extra space storage”. Dino storage is by far the most popular and I’ve lived in Omaha and Lincoln, the 2 biggest cities in Nebraska. I would have seen at least one of their locations. I have a hard time believing a single word of this video.

i accept used clothes, toys, etc donations so i can give these used items to less fortunate people here in philippines message me if want to give your items

Height of hoarding.

Store Drugs👍😁

No the self-storage objective is to get you in at a low price and then continually raise the price until you leave

January report coming Monday. Here is December's... www.yardimatrix.com/Publications/Download/File/1159-MatrixNationalSelfStorageMonthly-December2020

There is an rental for almost anything in USA

Your basically paying rent for stuff you don't need or use.

I have seven pairs of underpants but only use one, I could be renting out my spare underpants while not using them and make extra money.

I would've thrown away my heating system from my old house but I needed it at my new house.

I had two vintage bicycles video games and a shoe collection stolen from my storage unit. The office handed me claim form like it happened everyday or something.

Some need one most dont. Yard sell.

Please shows Trumps full SPEECH just before storming the capital Thank you

Good to know is millennials are just as materialistic and wasteful as everyone else

i dont know about you, but i rather like Displacement.

Sad..

Could I live in one of these if it's cheaper than a studio?

The guy said millennials are using storage units at a higher rate than their parents. That's because millennials can afford homes or a garage lol

People buy things that don't want, with money that don't have, to impress persons that don't like. And after that, they take all those stuff and put them into a storage. Crazy

No wonder this kind of business is mainly heard off in the US . In my country or most countries there won't be a demand for such service .

Waste of money this is the scum of your wallet

Investing in crypto is more lucrative and a big chance to make money now days

Horders

Because all the homeless people need to store their stuff

Public storage just raised my rate. 150 to 180 a month.

Hi guys, I live in Africa. If you do have some spare items that you're looking to store please consider instead to send some my way. You will be doing more good to society and the climate. Thank you.

I love CNBC so informative.Every video is just amazing and awesome! Like if you agree.

Great for investors and basically recession proof.

lol, this feature is clueless. the #1 use case of self storage units isn’t for storage of inventory or personal items. it’s used as a cheap way to create a small office for those that don’t want to pay for a lease.

I'm a minimalist and hates clutter but my wife loves clutter and this has created tensions

I've lived with several people that can't move on from stuff. Including myself and I will only say this. It is one of the greatest reliefs to get of something you are no longer using. (: Thoughts anyone?

buying frenzy, people collect too many crap! throw that sh$t away or give them away!

YEEEEP

We are all programmed by constant marketing to buy lots we don’t need. We also think our crap is somehow worth something as it ages so we hoard it. The rule I try to use is if I don’t use it in a year, I chuck it.

Who says 7 "X"?🤭😂😂👏👏who really talks like that??👀🙄

Other than seasonal or home construction items, I get rid of anything not in use. Replaced my sound bar and sold the old one on Craigslist. My kids can buy their own stuff as I put money into their mutual funds instead of a storage unit.

1:05 I do not like they way they displayed the stats here. A jump from 8 to 12 percent should not be looked at as an 18% increase.

EASY. We all losing our homes. 😆

Once cloud computing came about and doctor's office and law offices no longer needing storage space, I thought the self storage industry would contract; also with the minimalist movement and the popularity of the books on decluttering; moreover you don't need 'stuff' like you use because the internet provides lots of entertainment; also with people moving more than they use to, I would think people would be into acquiring less belongings so you have fewer items to move. Another reason you need less belongings is that buying something if you need for many items is a click a way, so before the internet, you had to go out and drive someplace to buy something so that is a pain, so the temptation to save an item would be higher in the past. .....So I have been putting off buying stock in these companies, e.g. Public Storage and Extra Space. And I was wrong in my predictions. ........ I still worry about the prospects of the industry....I mean between my city and the next city...the road is lined with self storage, not to mention how many are self-storage facilities are sprouting up in both communities. I wonder if it is over saturated and no room for more growth. Self Storage is expensive, so I have wondered this idea about self storage doing well in a recession because people have to downsize and having enough money for (expensive) self storage seems unconvincing. I think people should try and have less stuff, however at the same time, I think people should have a self storage unit if they can afford it.....storing christmas decorations or other belongings in the garage is inadvisable.most items should be stored in a climate controlled area. It is a nice to have a home without clutter and to have an organized storage unit as well. One person I know who retired years ago had all of his legal records in a self storage facility; he decided to scan all of the records on a computer drive, and cloud, and it took over a year for him and his wife on a daily basis, I think more than a few hours a day. I wonder if he would not have been better off just paying the rent on the self storage unit.

They forgot the 5th D: Drugs.

Do these people not have basements?

Ah... What's points keeping stuff like that? Donate them.

Always remember self storage is rent on things you don't need. That 60$-100$ a month could paying a bill or a nice meal somewhere, I always say if you have the ability occasionally take a day off and organize and throw stuff away. It's amazingly relaxing to clear the clutter, the only things I wouldn't throw away is old games, cards, and anything considered collectible through a simple google search.

seems there are less comments from foreigners (without stating their country of origin) saying how much they are better than Americans, on these videos lately

I don't understand that today too.

Truth of life: Cleaning up something in your area will make somewhere else dirty.

One of the benefits of being a minimalist.

Using storage because they don’t own a home. 🤔

It’s that time of the year again. A new year with bright ideals, hope, and a new opportunity in life. But the question, what will you achieve so far this year.

We buy stuff we don't need then pay to store it.

Storage wars, will love buying peoples storage units o see what treasures inside of it.

It’s the same reason millions of folks play slot machines.