Q: In response to the question concerning risks to Storage Vault, you stated in your answer: "We see no particular reason why consumers would suddenly pull items out of storage in a corona world, though."
It seems reasonable to me that people whose incomes are threatened will be looking to reduce expenses. Even if their jobs are still secure, caution may prod them to review all costs and cut where feasible. A storage rental unit can cost $1,500 per year to $5,000 per year or more. People forced to stay at home may be spending some of their time reducing their stuff and possibly making room for things currently in their storage unit. Keep in mind, too, that there are calls out to support non-profits, charities, etc. with donations.
This is what I'm currently doing. Granted, this is purely anecdotal based on a sample size of one. But it merits consideration.
It seems reasonable to me that people whose incomes are threatened will be looking to reduce expenses. Even if their jobs are still secure, caution may prod them to review all costs and cut where feasible. A storage rental unit can cost $1,500 per year to $5,000 per year or more. People forced to stay at home may be spending some of their time reducing their stuff and possibly making room for things currently in their storage unit. Keep in mind, too, that there are calls out to support non-profits, charities, etc. with donations.
This is what I'm currently doing. Granted, this is purely anecdotal based on a sample size of one. But it merits consideration.
