this post was submitted on 06 Aug 2023
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Asklemmy
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There was a ton of self storage places popping up around town by some company that with green branding (I dont remember their name). They bought up all this property that would have been better suited for retail space (one near me was specifically blocked by locals for being an eyesore, unless they met some demands), built huge multi floor storage complexes, and then immediately sold it off. Most of em got bought by Public Storage and repainted orange.
Like what? That had to have been a front for some money laundering or some shit. Like they clearly had no intention of running those places after constructing them.
I read somewhere that Self Storage is absolutely booming right now. People buy cheap crap, find they have more cheap crap than they can realistically keep, then look for effectively someone else's garage to store it in. From the business side you literally just have to build some storage units, collect payments and keep it clean enough for people to want to store their shit there
Yeah it's just weird they went through the trouble off buying land all over town, building the facilities, running it for a year then selling it off