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Some 27% of renters pay more than half their income for housing. As of 2023, 54% of homeowners had incomes that were higher than their expenses. Just 39% of renters had positive cash flow.
Stor-Age was founded in 2004 to fill a vacuum in self-storage facilities in the greater metropolitan areas of South Africa. Gavin Lucas, the current CEO of Stor-Age, who was certified as a CA at the University of Cape Town, began working with his father, Les Lucas, his brother, Stephen Lucas, and fellow accountant, Steven Horton, to build a real estate investment trust.
Rodger Ian Dudding (born 21 December 1937) [1] is a British business magnate in the self-storage industry. [2] Nicknamed "Mr Lock Up" by customers and "RD" by staff, [3] [2] Dudding owns more than 12,000 garages and as of February 2015 was worth an estimated £162 million, making him "the largest private owner of garages" in the United Kingdom.
Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
"Americans are accumulators and hang onto things": At least 8 new self-storage facilities are expected to open in York County over the next 2 years.
The Moody’s Analytics study found that during the 2022 fourth quarter, the national average rent-to-income (RTI) ratio reached 30% for the first time in its 20-plus years of tracking the metric.
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