/biz/ - Business & Finance

>>53485572
UNEMPLOYMENT'S EFFECT
You would think that rising unemployment would cause the line to go up for public storage, however past data does not confirm that at all. Rising unemployment happens when the economy as a whole is taking a dump, so these companies don't do so hot either. Once unemployment levels off is when the real magic starts kicking in. Think of rising unemployment as the accumulation phase, except in this case storage companies are accumulating other people's stuff. As employment starts picking up again many of these people have already grown accustomed to having a unit, so they keep it despite the fact that they could grab all their stuff. Why? Because they've accumulated MORE STUFF! The consoomer must consoom, so they keep the unit with all their junk in it and put new junk in their new residence. You can only buy more stuff when you are employed, which I think is why unemployment going down causes units to finally start picking up.
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>>50034744
UNEMPLOYMENT'S EFFECT
You would think that rising unemployment would cause the line to go up for public storage, however past data does not confirm that at all. Rising unemployment happens when the economy as a whole is taking a dump, so these companies don't do so hot either. Once unemployment levels off is when the real magic starts kicking in. Think of rising unemployment as the accumulation phase, except in this case storage companies are accumulating other people's stuff. As employment starts picking up again many of these people have already grown accustomed to having a unit, so they keep it despite the fact that they could grab all their stuff. Why? Because they've accumulated MORE STUFF! The consoomer must consoom, so they keep the unit with all their junk in it and put new junk in their new residence. You can only buy more stuff when you are employed, which I think is why unemployment going down causes units to finally start picking up.