Why Invest in Self Storage?
Today…. SELF STORAGE IS RECESSION RESISTANT: Historically, the self storage industry does better during a recession than many other kinds of real estate. When the economy goes through a downturn, people will often downsize their housing, but they don’t want to part with their possessions. Self Storage becomes the answer for them. Recessions also often mean that a larger number of the population will move. People find themselves needing to relocate to find a new job, or to live in an area with a lower cost of living. This too, increases the demand for self storage facilities. Of course, nothing is guaranteed. Some self storage businesses have seen a fall off in business during a recession. Why? Some families choose to tighten the belt and eliminate the “disposable” expense. However, when this occurs, it is often less pronounced then you see in many other sectors. In fact, The Motley Fool has identified a few stocks that “Took a Hike” – – and wouldn’t you know it? Two of the Four mention
