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The locker tenant who pays for years and years....and then loses his stuff.

Offline MovieMan

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I've seen several examples of this, and generally these are good lockers. They cared enough to keep paying and paying, but finally circumstances just overcame them.

I tracked a locker for two years once. This guy's locker came up every 3 months and he paid it off everytime for 2 years. Needless to say I was interested. He had spent something like $10,000 on this locker and its companion across the hall. He had the 2 lockers a total of 5 years I think it was (defaulting in the last 2).

Finally, he truly defaulted and I got the best of the two lockers. Two parts to the rest of the story.

Part 1:  I paid $700 and have so far sold $1700 out of the locker with maybe another $300 or so left.

Part 2:  The stuff was pretty ordinary with some exceptions (extra good) but no crap to take to the dump.
        

My question is why would this guy pay 10 grand for stuff he could have replaced for 2 or 3 grand. Doesn't make sense does it.

I wonder that a lot.  People don't want to get rid of their stuff.  One mans junk is another mans treasure and all that.  A large number of the units that go up for sale, the tenants would have been money ahead to back up to the pit at the dump and give it all the heave ho!  Instead of paying on crap for years at a time, they could throw it away and then buy all new stuff when they are ready, but people hate to get rid of stuff that has "value". 

I once bought a unit for $50 that when I returned the personals I was told the guy had died 9 years ago and a friend was paying $205 a month to keep his stuff.  Well it was really dirty and had a lot of junk in it. The friend had paid $22,140 over 9 years. I made a few hundred mainly off scrap there were 2 Honda 750 engines in the unit one frozen up.  Lots of other scrap.  Most of the stuff was junk.  I can not explain it but I see it all the time.

Offline rulesforrebels

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I've seen several examples of this, and generally these are good lockers. They cared enough to keep paying and paying, but finally circumstances just overcame them.

I tracked a locker for two years once. This guy's locker came up every 3 months and he paid it off everytime for 2 years. Needless to say I was interested. He had spent something like $10,000 on this locker and its companion across the hall. He had the 2 lockers a total of 5 years I think it was (defaulting in the last 2).

Finally, he truly defaulted and I got the best of the two lockers. Two parts to the rest of the story.

Part 1:  I paid $700 and have so far sold $1700 out of the locker with maybe another $300 or so left.

Part 2:  The stuff was pretty ordinary with some exceptions (extra good) but no crap to take to the dump.
        

My question is why would this guy pay 10 grand for stuff he could have replaced for 2 or 3 grand. Doesn't make sense does it.


What shocks me more is just overall how people pay to store crap. Even a small unit is like $35 a month in my area. So many units are just old clothes you know people will never wear again. Old patio furniture people will never use again.

It seems like many people store stuff that in the end they are just gonna wind up throwing away or giving to goodwill anyway. I really don't get it.


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