Random Chat, Thoughts, Posts, and/or Rants Thread

[MTF]

Self-storage is such a uniquely weird American concept. Elsewhere people just throw away or donate stuff they don't need instead of keeping it forever who knows why.

 

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[Guest-5ty5s4]

Self-storage is such a uniquely weird American concept. Elsewhere people just throw away or donate stuff they don't need instead of keeping it forever who knows why.

Furniture? Vehicles? Are people elsewhere just poor and don't own things?

Sometimes you have to move and don't have space readily available

-- then again, the storage usually costs more than buying those things new. The sentiment is often the reason for the storage.

 

[Antifragile]

I love self storage and have always been intrigued by the development of these facilities. It has been something I'm constantly looking into.

If I were to do it, I would spin the model a bit. I would do "self storage" for businesses... take my problem I'm facing. I can't find a warehouse unit that isn't going to cost me $5000+/month just for the rent with a mandatory 2 year lease. I also don't need that big of a warehouse with 10+ docks. I currently use self storage for inventory but these units are more tailored for personal storage.

Why not "mini warehouses" for businesses with the same model as self storage? Separate units, a bit bigger, some more added options, like some units with a drive-in door, maybe a few entrance units with a dock, on-site pallet jacks, clean well finished units, temperature controlled, etc.

This is being done in Vancouver right now. They call it "vertical industrial" because it's multi-story industrial. But reality is the units are only 1,000 square feet and sure feel more like self-storage than old industrial warehousing. I have not yet pulled the trigger on developing this type of an asset. I am letting people prove the concept first. Majority of businesses that are buying our warehouses demand that there is a way to "drive into it". Larger businesses require dock loading, but smaller businesses are fine with grade loading.

Regardless, the lease pricing for industrial warehouse outside of the city core is now $20 per square foot - think Chilliwack area, which is 100kms from downtown! For the $5K/mo you get a 3,000 sq ft unit in Chilliwack. And if you wanted to buy, it'd set you back over $500 psf.

Vertical industrial - is close to the downtown core (like South Vancouver area by the airport) and goes for over $700 PSF. That's over $700k for your 1,000 sq ft unit!

 

[Kak]

Furniture? Vehicles? Are people elsewhere just poor and don't own things?

Sometimes you have to move and don't have space readily available

-- then again, the storage usually costs more than buying those things new. The sentiment is often the reason for the storage.

I’m the opposite of a minimalist. I have lots of stuff.

I have already have a large two story home that’s two small for just me, my wife, and son. I often wonder how people do it with an apartment and think that’s normal.

We have had 3, large, V8 cars most of our married life.

My golf, gun, podcast, grilling and tool hobbies alone are enough to take up a small apartment.

@MTF s head is going to spin when he reads the next sentence…

If we have another kid, we want at least 6000 square feet.

 

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[MTF]

Furniture? Vehicles? Are people elsewhere just poor and don't own things?

Sometimes you have to move and don't have space readily available

-- then again, the storage usually costs more than buying those things new. The sentiment is often the reason for the storage.

When you move, you move with all of your stuff to the new place. If you don't have space for something, you either store it in the basement (if you have one), keep it at your parents' place (some young people do that if their parents have a house) or you get rid of it.

Vehicles - that's a new one for me. Why would you keep a vehicle in self-storage? If you're driving it, then you park it in front of your place. If it's a seasonal thing then you pay for a parking space or a proper garage.

In the entire country of 38 million people where I live I think I only once saw a self-storage place in one big city. And that was a really weird sight.

Other than that I'm pretty sure that all of my family and friends would laugh at the idea of paying for a place to store your junk instead of getting rid of the stuff.

Are people elsewhere just poor and don't own things?

From my observation, at least comparing Europe to the US, it's mind-blowing how much more shit Americans have. It's not that people elsewhere are poor. It's that there's much less consumerism, at least in the form of buying stuff you never or very rarely use.

This is one of the big differences between the US and Europe. People don't live in huge houses, they don't own multiple vehicles, and they don't have countless articles of clothing they never wear and gear they never use.

 

[Kak]

When you move, you move with all of your stuff to the new place. If you don't have space for something, you either store it in the basement (if you have one), keep it at your parents' place (some young people do that if their parents have a house) or you get rid of it.

Vehicles - that's a new one for me. Why would you keep a vehicle in self-storage? If you're driving it, then you park it in front of your place. If it's a seasonal thing then you pay for a parking space or a proper garage.

In the entire country of 38 million people where I live I think I only once saw a self-storage place in one big city. And that was a really weird sight.

Other than that I'm pretty sure that all of my family and friends would laugh at the idea of paying for a place to store your junk instead of getting rid of the stuff.



From my observation, at least comparing Europe to the US, it's mind-blowing how much more shit Americans have. It's not that people elsewhere are poor. It's that there's much less consumerism, at least in the form of buying stuff you never or very rarely use.

This is one of the big differences between the US and Europe. People don't live in huge houses, they don't own multiple vehicles, and they don't have countless articles of clothing they never wear and gear they never use.

This to me says there’s opportunity in the future. Poland is too poor right now for it, but once they catch up with Murica, they’ll want some storage.

 

[Guest-5ty5s4]

When you move, you move with all of your stuff to the new place. If you don't have space for something, you either store it in the basement (if you have one), keep it at your parents' place (some young people do that if their parents have a house) or you get rid of it.

Vehicles - that's a new one for me. Why would you keep a vehicle in self-storage? If you're driving it, then you park it in front of your place. If it's a seasonal thing then you pay for a parking space or a proper garage.

In the entire country of 38 million people where I live I think I only once saw a self-storage place in one big city. And that was a really weird sight.

Other than that I'm pretty sure that all of my family and friends would laugh at the idea of paying for a place to store your junk instead of getting rid of the stuff.



From my observation, at least comparing Europe to the US, it's mind-blowing how much more shit Americans have. It's not that people elsewhere are poor. It's that there's much less consumerism, at least in the form of buying stuff you never or very rarely use.

This is one of the big differences between the US and Europe. People don't live in huge houses, they don't own multiple vehicles, and they don't have countless articles of clothing they never wear and gear they never use.

I agree about the consumerism. Many Americans are dumb with their spending.

I disagree about the huge houses.

Europe is OLD. The buildings are old. The streets are old. They were built for walking and horses, not cars and trucks.

Everything is way more populated and overbuilt because it's been there for centuries.

Another good reason for storage is when your grandparent dies and you don't have space for their stuff, but don't want to throw it away or sell it.

 

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[MTF]

This to me says there’s opportunity in the future. Poland is too poor right now for it, but once they catch up with Murica, they’ll want some storage.

Lol I highly doubt it.

As for the wealth, your head is going to spin when you read the next sentence but I actually feel like Poland is in many aspects richer than the US. I only spent a few weeks in total in the US but so many aspects of life in the US are things that would be deemed "third-world" in Poland. There's a lot of sparkling new infrastructure in Poland while many places in the US look as if they were built in the 60s and never changed since then.

 

[Kak]

they don't have countless articles of clothing they never wear and gear they never use.

Hahaha oh boy.

Our closet is not much smaller than my entire RV, and it’s full. I have probably 40 pairs of shoes. 20 suits I haven’t worn in a year. Too many shirt and shorts to count. At least 15 pairs of good jeans and 5 pairs of shitty jeans.

I still feel poor. I need more stuff.

 

[Kak]

Lol I highly doubt it.

As for the wealth, your head is going to spin when you read the next sentence but I actually feel like Poland is in many aspects richer than the US. I only spent a few weeks in total in the US but so many aspects of life in the US are things that would be deemed "third-world" in Poland. There's a lot of sparkling new infrastructure in Poland while many places in the US look as if they were built in the 60s and never changed since then.

This is my head not spinning at all! I believe it.

I see it all the time driving around. There’s a ton of poor garbage places here. We subsidize it here!

 

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[Guest-5ty5s4]

Lol I highly doubt it.

As for the wealth, your head is going to spin when you read the next sentence but I actually feel like Poland is in many aspects richer than the US. I only spent a few weeks in total in the US but so many aspects of life in the US are things that would be deemed "third-world" in Poland. There's a lot of sparkling new infrastructure in Poland while many places in the US look as if they were built in the 60s and never changed since then.

You realize there are 50 separate states in the US, right? It's not "America." It's the States. Also sounds like you are describing government-owned infrastructure, not exactly a measure of wealth. Look at the people and the businesses.

 

[MJ DeMarco]

I thought about her recently as well and saw that she logged in recently but it would be nice to hear from you, @WJK.

+1 .. likewise for @jon.a - another older person with a lot of wisdom to share.

I love self storage and have always been intrigued by the development of these facilities. It has been something I'm constantly looking into.

If I were to do it, I would spin the model a bit. I would do "self storage" for businesses... take my problem I'm facing. I can't find a warehouse unit that isn't going to cost me $5000+/month just for the rent with a mandatory 2 year lease. I also don't need that big of a warehouse with 10+ docks. I currently use self storage for inventory but these units are more tailored for personal storage.

Why not "mini warehouses" for businesses with the same model as self storage? Separate units, a bit bigger, some more added options, like some units with a drive-in door, maybe a few entrance units with a dock, on-site pallet jacks, clean well finished units, temperature controlled, etc.

I can see this being a big growth industry, especially with a lot of Amazon entrepreneurs who need warehouse space, but not necessarily their own standalone building.

 

[Kak]

You realize there are 50 separate states in the US, right? It's not "America." It's the States. Also sounds like you are describing government-owned infrastructure, not exactly a measure of wealth. Look at the people and the businesses.

Bro, let me send you a map of Houston.

 

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[MTF]

I agree about the consumerism. Many Americans are dumb with their spending.

I disagree about the huge houses.

Europe is OLD. The buildings are old. The streets are old. They were built for walking and horses, not cars and trucks.

Everything is way more populated and overbuilt because it's been there for centuries.

I think you may have in mind places like Andalusia where it's almost impossible even for a small car to pass through in many small towns. But that's mostly limited to southern Europe. They built cities like that to have more shade and cooler temperatures.

In the countryside there's a lot of space. It's not as much as in the US but still, it's not overbuilt or crazily populated. But overall, people just don't build and don't want such huge houses.

I even had a conversation with my physical therapist today who has a house of about 2,150 sq feet (for a family of 4) and he said that if were building a new house today he'd build a house of just 1,300 sq feet as his current one is too big and he doesn't use the entire house.

You realize there are 50 separate states in the US, right? It's not "America." It's the States.

Yes my experience is only about spending a couple of weeks in total in Arizona, New Mexico, Utah, and Hawaii. It doesn't reflect the entire country as I haven't been everywhere.

Also sounds like you are describing government-owned infrastructure, not exactly a measure of wealth. Look at the people and the businesses.

In addition to highways and stuff I'm also describing things like:

• Contactless/mobile payments everywhere for a long, long time. In the US at the airport I couldn't pay with a card I used all over the world including some seriously poor and exotic countries like Kyrgyzstan and Morocco.
• Super new public transportation, including buses, trams, and trains. This isn't always government-owned as sometimes it's a joint public/private corporation.
• Lightning fast and extremely developed e-commerce industry. For example, there are dozens, if not hundreds, of so-called parcel lockers where you can get your stuff delivered instead of waiting for the delivery guy at home. You can even open it remotely for someone else.
• 4G and now 5G available in all cities plus fiber optic. In the US I frequently didn't even have 3G (that was a few years ago with a T-Mobile SIM card, maybe it's changed since then).
• Very, very few homeless people. In the US I saw so many homeless people and homeless encampments (completely mind-blowing) that I felt uncomfortable on many occasions.
• Supermarkets at every corner. Even though I had known about it before I was still shocked how far you have to drive in many places in the US to get to a supermarket.
• Walkable/bicycle-friendly cities with easy access within walking distance to whatever you need (pharmacy, restaurant, supermarket, barbershop, etc.). Very rare in the US overall as far as I know, normal pretty much anywhere in Europe.

I remember how I was once on a bus shuttle at the Chicago airport from one terminal to another and two guys (Americans) were talking that the (old) bus looked as if from Eastern Europe. My thought was "Lol you have no idea what you're talking about." (Poland is Central Europe but most of Eastern Europe has new buses now, not the stereotypical Soviet-made buses from the 50s).

Of course, the United States is a huge country. It's hard to make it grow consistently in all regions like you can in a smaller country. Still, just wanted to provide an outsider's perspective as I find the topic of differences between countries fascinating and the US is even more of a special case.

 

[MTF]

+1 .. likewise for @jon.a - another older gentlemen with a lot of wisdom to share.

I also liked posts by @Carol Jones. It's been a while since she's been on the forum.

 

[Kak]

Super new public transportation, including buses, trams, and trains. This isn't always government-owned as sometimes it's a joint public/private corporation.

Ok, public transportation = the sewage plant. Gross. Is that even safe?

Lightning fast and extremely developed e-commerce industry. For example, there are dozens, if not hundreds, of so-called parcel lockers where you can get your stuff delivered instead of waiting for the delivery guy at home. You can even open it remotely for someone else.

Agreed, must be nice to have such an easy way to acquire more stuff.

4G and now 5G available in all cities plus fiber optic. In the US I frequently didn't even have 3G (that was a few years ago with a T-Mobile SIM card, maybe it's changed since then).

Lol, it hasn’t.

We had people actively fighting an OPTIONAL fiber installation in our neighborhood. Thankfully “it passed.” But fiber is physical infrastructure and the rest of the world has gone bad a$$ wireless. I still have trouble making phone calls sometimes.

Very, very few homeless people. In the US I saw so many homeless people and homeless encampments (completely mind-blowing) that I felt uncomfortable on many occasions.

“If you subsidize something you get more of it” Ron Paul. We pay people to be homeless degenerates in America. They are the modern vote slaves.

 

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[UK_Mike]

We had people actively fighting an OPTIONAL fiber installation in our neighborhood. Thankfully “it passed.” But fiber is physical infrastructure and the rest of the world has gone bad a$$ wireless. I still have trouble making phone calls sometimes.

We're having full fibre installed around the place, which involves digging the street up to run the fibre optic cables (I feel wrong calling them cables, but you know what I mean) and despite how much better it will be, and despite the fact that BT (the main telecoms provider here) are supposed to be replacing all copper telecoms stuff by 2025, there's still a lot of moaning and whining about all the disruption. Now we have a road closed (admittedly for quite a long time) while a major road layout change is done to reduce congestion and open up more land for building in the future, and we have FB and similar groups full of local people who are suddenly experts on running a civil engineering project commenting on how it should be possible to do it quicker. And presumably for less money, too.

Self-storage is such a uniquely weird American concept. Elsewhere people just throw away or donate stuff they don't need instead of keeping it forever who knows why.

It's coming along here in the UK as well, with a few places locally offering self-storage, one has been there 10+ years so must be doing reasonably well. It won't take vehicles, or maybe it will if you drain all the fuel out.

 

[Guest-5ty5s4]

I think you may have in mind places like Andalusia where it's almost impossible even for a small car to pass through in many small towns. But that's mostly limited to southern Europe. They built cities like that to have more shade and cooler temperatures.

In the countryside there's a lot of space. It's not as much as in the US but still, it's not overbuilt or crazily populated. But overall, people just don't build and don't want such huge houses.

I even had a conversation with my physical therapist today who has a house of about 2,150 sq feet (for a family of 4) and he said that if were building a new house today he'd build a house of just 1,300 sq feet as his current one is too big and he doesn't use the entire house.



Yes my experience is only about spending a couple of weeks in total in Arizona, New Mexico, Utah, and Hawaii. It doesn't reflect the entire country as I haven't been everywhere.



In addition to highways and stuff I'm also describing things like:

• Contactless/mobile payments everywhere for a long, long time. In the US at the airport I couldn't pay with a card I used all over the world including some seriously poor and exotic countries like Kyrgyzstan and Morocco.
• Super new public transportation, including buses, trams, and trains. This isn't always government-owned as sometimes it's a joint public/private corporation.
• Lightning fast and extremely developed e-commerce industry. For example, there are dozens, if not hundreds, of so-called parcel lockers where you can get your stuff delivered instead of waiting for the delivery guy at home. You can even open it remotely for someone else.
• 4G and now 5G available in all cities plus fiber optic. In the US I frequently didn't even have 3G (that was a few years ago with a T-Mobile SIM card, maybe it's changed since then).
• Very, very few homeless people. In the US I saw so many homeless people and homeless encampments (completely mind-blowing) that I felt uncomfortable on many occasions.
• Supermarkets at every corner. Even though I had known about it before I was still shocked how far you have to drive in many places in the US to get to a supermarket.
• Walkable/bicycle-friendly cities with easy access within walking distance to whatever you need (pharmacy, restaurant, supermarket, barbershop, etc.). Very rare in the US overall as far as I know, normal pretty much anywhere in Europe.

I remember how I was once on a bus shuttle at the Chicago airport from one terminal to another and two guys (Americans) were talking that the (old) bus looked as if from Eastern Europe. My thought was "Lol you have no idea what you're talking about." (Poland is Central Europe but most of Eastern Europe has new buses now, not the stereotypical Soviet-made buses from the 50s).

Of course, the United States is a huge country. It's hard to make it grow consistently in all regions like you can in a smaller country. Still, just wanted to provide an outsider's perspective as I find the topic of differences between countries fascinating and the US is even more of a special case.

I'd still say all the stuff like supermarkets and walkable cities come down to how long the city or country has existed...

How many generations of entrepreneurs and developers have built things there? Generations of city planners? Exactly. The USA is a young/new country. We are still building brand new towns. Obviously there is still a lot of space where there aren't grocery stores, sidewalks, etc. Why is this so shocking?

You know, if there's not much storage where you are, maybe that spells opportunity, not "dumb Americanism."

 

[MTF]

You know, if there's not much storage where you are, maybe that spells opportunity, not "dumb Americanism."

Or maybe it just won't work

Like this American car in Europe:



@Kak is that yours? The tram sewage plant driver hates you!

 

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[Antifragile]

Or maybe it just won't work

Like this American car in Europe:

View attachment 44216

@Kak is that yours? The tram sewage plant driver hates you!

The issue with self storage is that it is typically an unpopular (politically) RE asset. Most municipalities do not want it and do not support it. Across Europe, there are 4,350 facilities, or 9 per million people, compared to 160 per million people in the United States. Part of this is that Europe has the demand but lacks the supply - it's restricted.

@thechosen1 is right that there is an opportunity there, except that there isn't much of it. It's not a welcome development and likely will not get approved. I see this issue in Metro Vancouver area a lot, I want to build self storage but am typically prohibited. Industrial development is entirely different because municipalities see it as job creation. Meaning, it's good for the people, economy and therefore - politicians.

It's not that simple...

 

[Tisik]

I have been looking for and beyond for the subscribers price to the INSIDERS forum. But I cannot find anything about it.
Can anyone tell me what is the cost of the INSIDERS club of the fast lane forum? (Im aware of the books to be read as prereq), thanks !

 

[Antifragile]

Bro, let me send you a map of Houston.

View attachment 44215

Are you saying I shouldn't have bought a house in Pasadena? I thought it was a good deal.

 

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[MJ DeMarco]

I have been looking for and beyond for the subscribers price to the INSIDERS forum. But I cannot find anything about it.
Can anyone tell me what is the cost of the INSIDERS club of the fast lane forum? (Im aware of the books to be read as prereq), thanks !

Fastlane Insiders

Private forum for the serious Fastlane Entrepreneur

www.thefastlaneforum.com

https://www.thefastlaneforum.com/community/account/upgrades

 

[UK_Mike]

I have been looking for and beyond for the subscribers price to the INSIDERS forum. But I cannot find anything about it.
Can anyone tell me what is the cost of the INSIDERS club of the fast lane forum? (Im aware of the books to be read as prereq), thanks !

If you click on the "Subscribe" link at the bottom of the INSIDERS information page ( Fastlane Insiders) , it goes to another page that lays out the various cost options.

ETA - as above, direct link posted while I was typing, can't see how to delete this post now.

 

[c4n]

Ok, public transportation = the sewage plant. Gross. Is that even safe?

Public transportation is just like public libraries; a breeding ground for deadly meningitis

 

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[Trevor Kuntz]

From my observation, at least comparing Europe to the US, it's mind-blowing how much more shit Americans have. It's not that people elsewhere are poor. It's that there's much less consumerism, at least in the form of buying stuff you never or very rarely use.

A good portion of Americans have gotten used to lifestyle creep thanks to cheap credit and being a major world supplier for 75 years and having the primary reserve currency. I live in a home built in 1955 and everyone considers it tiny (1300 sq ft on 1/4 acre), yet it was perfectly adequate for an American family 65 years ago. Today, it is hard to find any house in the city being built at less than 2000 sq ft.much less a solid brick home that could stand for ages.

The US is like a little kid with a big allowance. We started buying a chocolate bar every day and over time, we've gotten used to eating a dozen chocolate bars every day because they taste good. We make fun of other kids whose parents make them eat gross vegetables. What losers! Yeah, they call us "fatty" for being 200 lbs overweight, but they're just jealous of our delicious chocolate! They wish they could have what we have! This binging can surely go on forever with no consequences! At least, as long as our parents keep giving us that good allowance money...

 

[Antifragile]

A good portion of Americans have gotten used to lifestyle creep thanks to cheap credit and being a major world supplier for 75 years and having the primary reserve currency. I live in a home built in 1955 and everyone considers it tiny (1300 sq ft on 1/4 acre), yet it was perfectly adequate for an American family 65 years ago. Today, it is hard to find any house in the city being built at less than 2000 sq ft.much less a solid brick home that could stand for ages.

The US is like a little kid with a big allowance. We started buying a chocolate bar every day and over time, we've gotten used to eating a dozen chocolate bars every day because they taste good. We make fun of other kids whose parents make them eat gross vegetables. What losers! Yeah, they call us "fatty" for being 200 lbs overweight, but they're just jealous of our delicious chocolate! They wish they could have what we have! This binging can surely go on forever with no consequences! At least, as long as our parents keep giving us that good allowance money...

Globalization helped too. The price of products kept dropping, disposable income increased to be spent on more other things, which created more jobs that led to more income... Interest rates kept going down too. Baby boomer generation created a massive inflow to the population base that needed to buy new stuff. Which they did, and then did some more.

 

[doster.zach]

A good portion of Americans have gotten used to lifestyle creep thanks to cheap credit and being a major world supplier for 75 years and having the primary reserve currency. I live in a home built in 1955 and everyone considers it tiny (1300 sq ft on 1/4 acre), yet it was perfectly adequate for an American family 65 years ago. Today, it is hard to find any house in the city being built at less than 2000 sq ft.much less a solid brick home that could stand for ages.

The US is like a little kid with a big allowance. We started buying a chocolate bar every day and over time, we've gotten used to eating a dozen chocolate bars every day because they taste good. We make fun of other kids whose parents make them eat gross vegetables. What losers! Yeah, they call us "fatty" for being 200 lbs overweight, but they're just jealous of our delicious chocolate! They wish they could have what we have! This binging can surely go on forever with no consequences! At least, as long as our parents keep giving us that good allowance money...

I agree with the lifestyle creep, and for a lot of people it's something besides food but everyone has a vice.

 

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[Antifragile]

I have a column in a national publication here in Canada in my industry. The editor thinks I write well, so I am allowed to continue doing that as I help them with readership. In many ways, it's a successful column and I should feel good about it all. But reality is that every time I submit my article to the editor, I am nervous. I always feel exposed writing things for public consumption on the internet (where it will live forever!). I feel like I am about to be judged and called out...

It came to me, writing for a living is a very stressful job! More so than what I do for a living. Or is it that I don't do enough of it to become "immune" to this feeling of inadequacy?

As a very confident person, I find this dynamic weird. I can stand in front of hundreds of people and feel fine, but writing feels so much harder and more stressful.

How do you feel when you write @MJ DeMarco and @MTF? I know you may not do it for a living MJ, this is a general question as I make zero from my writing (and I don't intend to ever make it into any type of income stream).

 

[Kak]

Or maybe it just won't work

Like this American car in Europe:

View attachment 44216

@Kak is that yours? The tram sewage plant driver hates you!

Mine’s a Chevy. Same size though. Nice looking truck there.

I have a Ford Maverick on the way though. Of course as a 3rd vehicle.