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Stories about Storage Auctions / Re: Boycott "Buyer's Premium"
« on: November 02, 2011, 09:56:35 AM »
My understanding here in central California is that Extra Space facilities are charging a 10% buyer's premium effective a couple of months ago.
In central CA the Extra Space's are conducted by J. Michael's (headed by Mike Joyce) which has its main office in southern CA.
My feeling is that Extra Space is taking advantage of the TV shows' popularity and is using that 10% to help defray the cost of the 20% to 25% they are paying J. Michael's.
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As to boycotting such practices, I would say "good luck". There will be regular bidders to whom the extra 10% will not be a deterrent. I might be one of those if the lkr really looks good...it only takes one good piece to offset that extra cost and if the lkr is full of goodies I would take the hit.
On the other hand the extra charge MIGHT dissuade some of the newer buyers who in fact DO pay the sales tax as well at the time they buy the lkr.
In central CA the Extra Space's are conducted by J. Michael's (headed by Mike Joyce) which has its main office in southern CA.
My feeling is that Extra Space is taking advantage of the TV shows' popularity and is using that 10% to help defray the cost of the 20% to 25% they are paying J. Michael's.
*******
As to boycotting such practices, I would say "good luck". There will be regular bidders to whom the extra 10% will not be a deterrent. I might be one of those if the lkr really looks good...it only takes one good piece to offset that extra cost and if the lkr is full of goodies I would take the hit.
On the other hand the extra charge MIGHT dissuade some of the newer buyers who in fact DO pay the sales tax as well at the time they buy the lkr.