Let’s see, a 10×12 storage unit is about $185-225/month.
There is a studio condo currently on the market in the east village for 350K. If we deflate it by the 60% correction I am expecting for trash properties, we get a price of $140K.
At $2700/year for a storage unit it would take us about 52 years to break even on the condo-as-storage idea (and that ignores HOA fees, taxes, insurance, etc).
Maybe you and I can split a condo-storage-unit so we each break even in 26 years. This idea has potential …
