I had lunch with a bank executive friend of mine this week. This particular executive is in charge of commercial lending, and was telling me about some interesting trends in banking. The current trendy investment for real estate is- storage rentals. This explains why companies are buying up all of the storage properties, cutting service, and raising rates. He said that building a storage facility with 250 units costs in the neighborhood of $12 million, but can be sold for double that after only two years in operation. Operating expenses are minimal, but such a facility brings in net receipts of $40,000 a month or more.
Why are they so lucrative? Well, that is being caused by current trends in Generation Z, the tranny generation. What he said to me ties together so many data points that it feels like a lightbulb just came on over my head. This is a generation that is refusing to work, yet they want all of the luxuries that their parents have without having to work for it. They still want to feel independent, so they are moving into cheap shacks built on trailers and calling them “tiny homes.”
They store their stuff in these storage facilities, and are free to live the good life, in their own “home” while still being a short walk from mom and dad’s house, where they can do laundry, grab some food, and still have access to things like free electric, free Internet, and still have time to earn a bit of extra money while out protesting for Soros cash or attending Antifa meetings.
I’ve wondered for years how they can afford to pay for the things they need without working, and now I know. Housing? Food? Utilities? It all ties in perfectly. Their only housing expense is the initial cost of the trailer house, $20K to $30K. Food and utilities are largely paid for by their parents, and their only real remaining expenses are Starbucks (most of them have a $20 a day addiction to shitty, candy flavored coffee), their cell phones, and these storage facilities. A large chunk of this generation doesn’t drive, they Uber everywhere.
Then, refusing to work, they go and protest to demand that we adopt a Socialist paradise, because Capitalist society is depriving them of all the things that they want to have.
