I really can't blame you. After years of conditioning and advertising that tell you the only solution for storage is renting, this can be
a bit hard to believe. A new way of doing things is always a little scary, and most people feel much more comfortable with the
"status-quo". I understand change is difficult. The true pioneers, those that bought into this concept of owned storage, are now reaping the
rewards for their risk, as evidenced above. Will this be the norm moving forward in time? No one can say, but one thing is certain - renting
affords no return on investment.
If you are spending $200 a month for rental storage for say five years, your net loss is $12,000. If you purchased a storage condo, you would have to lose
17% of the value of your condominium over five years to equal the loss in rental expenditures. So far, the average appreciation of these units has been about 5% per year, based on the above examples. So, if
history repeats itself, your storage condo could be worth $17,000 more than what you paid for it in five years. So, the choice is yours-
Lose $12,000 or
Earn $17,000.
Further, let's assume your storage condo does not appreciate one penny in five years. If you sold it for exactly what you paid for it,
guess what, you still win! You saved $12,000 in guaranteed rental losses.
For me, it is easy to justify long term ownership vs., rentals. For you, it is more difficult, since you will be one of the few jumping off of the
rental bandwagon, into an unfamiliar concept. You will be part of the 1%. Yes it's risky and lonely. Most people don't get it. But if your storage needs
a long term (2 years or more), this is worth serious consideration.
Please give me a call or stop by. No pressure. No hype.
Ted Deits
714-928-0527 Call or text
*The profit results as mentioned above may or may not be typical. They do represent all resales completed by this office as of August 1st, 2014.
You may or may not experience similar results. One thing is certain and absolute - You will lose all of your money by renting.