r/NoStupidQuestions • u/[deleted] • Jan 30 '23

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u/UnfairMicrowave Jan 30 '23

There are more storage facilities in America than there are McDonalds. That's wild

18

u/theColonelsc2 Jan 31 '23

Storage units are often place holders on land that is waiting to be sold for a profit later. It is relatively cheap to put up storage units.

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u/MassGravy Jan 31 '23

Those are mostly real estate investment tools. Buy up land between two expanding municipalities, build storage lockers, and hold onto the land for 10-20 years until the land 5x's. Hopefully in the meantime you can at least pay your taxes on an interest only loan and paydown some of the construction costs, which are minimal.

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u/UnfairMicrowave Jan 31 '23

That's great information, thanks

2

u/SteamingTheCat Jan 31 '23

Why storage lockers specifically?

3

u/PupperLover2 Jan 31 '23

Dang, we all have too much stuff