My husband used to work at Corporate U-haul in Phoenix, and he told me 2 interesting things: first, they make more money on the insurance you buy for your rental truck than they make on the rental of the truck, and second, that they fare better during economic downturns. During recessions, rentals and storage places make more money. U-haul is privately owned, so you can’t buy stock in it. I just checked the stock price for 3 public storage facilities (PSA, SSS, EXR), and the P/E ratio is 42, 29, and n/a, respectively ($16 for a company that lost 16cents per share). No good buys there…
Some others have written about the higher fees U-haul charges for rentals out of SD, and this shows the trend of people leaving SD.
The internet is sure making it easier for all of us to know the inside story.
The Sign information was fascinating. Why are they storing the signs at an undisclosed location? Who is ordering the Foreclosure signs?
