Sunday, May 11, 2008

Auctions at storage units

Mortgage strains lead to folks loosing their stuff when they can't pay the storage bills.

An interesting observation in the story:

Mr. Grossman cut locks on 87 units in March but, as many people paid at the last minute, ended up auctioning only 21 of them in April. Both numbers were down from a year ago, he said, suggesting “the worst is behind us.”

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