Recreational Vehicle Sale

Baby Boomers Creating Huge Demand for Self Storage

Most U.S. businesses including Self Storage owners continue to market to the powerful Baby Boomer generation, but generations X and Y should not be ignored.  As the Baby Boomers near retirement, Generation X workers are establishing themselves in careers and starting families.  In the meantime, Generation Y is graduating from college and entering the job market.

However, the first group of Baby Boomers are edging closer to retirement with the first wave due in the next few years.  Numbering almost 80 million, Baby Boomers make up about on-third of the country’s population.  And although they have indicated that they will likely remain employed in either a full time or part time capacity after reaching retirement age, they continue to buy second homes and many other “toys” in anticipation of reducing the # of hours devoted to work.  This generation has also accumulated a vast amount of wealth through equity in their homes, inheritances, and wise long-term investments.  And as a result, they continue to spend more and more money on luxuries.

Baby Boomer “toys” include Recreational Vehicles (RVs) and wine, both of which are candidates for specialized Storage. According to the Recreational Vehicle Industry Association (RVIA), 2008 is expected to be one of the best years for RV sales in nearly three decades, following several double digit sales increases the past 2 years.  RV ownership is at a record high, totaling over seven million, a figure expected to increase by one million in the next 3 years.  In addition to empty-nesters, RVs are also appealing to young families seeking an affordable means of vacationing.  As demand for RVs increases, so will demand for places to store them, especially as Homeowners’ Associations become less tolerant of the storage of RVs in residential neighborhoods.

Wine buying has also become increasingly more prevalent among Baby Boomers, many of whom are amassing large collections of wine as a hobby.  While some store their bottles at home, an increasing number are also turning to self-storage facilities with areas designated to hold wine at the proper temperature.  In addition, it is believed that Baby Boomers are passing their affection for wine on to their younger children, creating another source of demand for wine storage, both now and in the future.

An aging population is generally predicted for the U.S. overall for the next few decades.  From 2000 to 2050, the U.S. Census Bureau reports that the percentage of population within the 20 to 44 age bracket will decline from 37 percent to 31 percent as the share of 65 to 84 group rises from almost 11 percent to nearly 16 percent.  The 45 to 64 group will remain steady near 22 percent, but the proportion of the population over the age of 84 is expected to rise from under two percent to about fie percent.  The graying of the nation’s populace will call for new demands in storage, likely ease of use in accessing units and enhanced services, such as free pick-up and/or delivery of goods.

In addition, regrettably, we will be losing a portion of our country’s boomers as they reach the end of their lives, which will trigger another need for storage.  Many owners of Self Storage facilities are already seeing an increase in occupancy caused by the settling of estates when a loved one passes on.  Once the house is sold, many of the goods and heirlooms are either kept by the family, or staged in a self storage facility until they can be sold or auctioned at another date.  Some remain there for years because the heirs just can’t stand the thought of parting with their family’s belongings.

So to sum it all up, I’ll quote Ben Stein, one of America’s foremost economists, from his keynote speech at the Self Storage Association Annual Conference and Trade Show Last year where he said “I can’t think of 1 single long term trend in our country and our economy that doesn’t benefit Self Storage – It’s the perfect storm – a Hurricane of Profits”. “This is the sweetest spot in the whole American economy; a Receptacle for an enormous cascade of money!”

“The Opportunity in Self Storage Right Now resembles the Opportunity in the oil industry in the 1950’s or Silicon Valley in the 1990’s – Ben Stein

I couldn’t agree more!

About the Author

Scott Meyers is the nation’s leading Self Storage educator. He travels the country revealing why Self Storage has become the hottest sector in Commercial Real Estate over the past 30 years that virtually nobody has heard about. Scott Meyers is the owner and President of Alcatraz Storage, which operates several Self Storage Facilities from Indiana to Texas. Scott is a Certified Self Storage Manager (CSSM) through the National Self Storage Association and has been a real estate investor since 1993. He was an instructor of the Landlord 101 course through the University of Indianapolis and now speaks to Investor groups nationwide as well as regular appearances at the Inside Self Storage Expo and the Self Storage Association annual shows.

RVIA Committee Week

No items matching your keywords were found.

Recreational Vehicle on Country Road $24.99 Recreational Vehicle on Country Road - Photographic Print Culligan RV500 Recreational Vehicle Replacement Filter $35.11 The Culligan RV500 recreational vehicle water filter is a compact system designed to fit in your recreational vehicle or boat. The Culligan RV500 RV filter is a disposable water filter. The Culligan RV500 replacement filter removes contaminants from your drinking and cooking water. The Culligan RV500 Water Filter produces healthier bettertasting drinking and cooking water on the road in your RV. The Culligan RV500 features a granular activated carbon filter that reduces chlorine taste and odor bad taste and odor and sediment. The Culligan RV500 is a disposable filter that replaces the Culligan RV600 filter. The Culligan RV500 comes with the standard garden hose coupling. The Culligan RV600 also comes with a 12inch flexible hose but the Culligan RV500 does not. The Culligan RV500 has a maximum flow rate of 3 Gallons per minute. The Culligan RV500 filter cartridge is 9.75 in Height and 2.75 in Diameter. Recreational Vehicle Driving on Road Winding Through Aspen Forest $129.99 Panoramic Images Recreational Vehicle Driving on Road Winding Through Aspen Forest - Wall Decal Public Minded Citizen Guy Reed, President of Association of Commerce and Industry $49.99 Public Minded Citizen Guy Reed, President of Association of Commerce and Industry - Photographic Print Jewett Cameron IS 83099H Recreational Vehicle Shelter RV with Zipper Door Solid End amp; Bungeeamp;apos;s 12 H x14 W x32 L $1813.56 Storage Solutions RoundTop Garages Our professionalgrade Storage Solutions RoundTop Garages are durable compact and add space and protection. A D V A N T A G E S Provides temporary or year round storage protection for mowers gardening tools vehicles motorhomes ATVs and more. Offers home owners and renters a portable parttime or fulltime storage solution for all of their home storage needs. Zip Away door system creates the highest door clearance in the industry. Threepiece cover construction for faster assembly and easier maintenance. Does not require building permit (consumers should consult local building regulations). S I Z E S A V A I L A B L E Over 10 sizes available ranging from 6W x 8L x 66 H Lawn amp; Garden Shed to 12W x 44L x 126 H RV Shelter C O N S T R U C T I O N Quality Manufacturing 100 commercial grade galvanized steel frame and connectors featuring Quick Connect assembly. Rugged triplelayer waterproof UV protective polyethylene cover back and door panel. Maximum clearance Zip Away door leads the industry. Maximum Protection and Reliability Blocks out virtually all of the UVA and UVB harmful rays that cause deterioration and fading from the Sun. Shields against rain snow and inclement weather. Keeps dust amp; debris off equipment. Chicago Athletic Association $279 Chicago Athletic Association is located in Chicago, close to Pritzker Pavilion, Millennium Park, and Willis Tower. Nearby points of interest also include Art Institute of Chicago and Wrigley Building. Hotel Features. Chicago Athletic Association features a restaurant and a bar/lounge. Room service is available during limited hours. Recreational amenities include an indoor pool, a spa tub, a sauna, a fitness facility, and a steam room. This 3.0 star property has a business center and offers audio visual equipment. Wireless Internet access is available in public areas. This Chicago property has event space consisting of banquet facilities, conference/meeting rooms, and a ballroom. Additional property amenities include express check in. Guestrooms. There are 50 guestrooms at Chicago Athletic Association. Bathrooms feature complimentary toiletries and hair dryers. Internet access (surcharge) is provided. Guestrooms offer multi line phones with voice mail. Televisions have cable channels. Air conditioned rooms also include irons/ironing boards and clock radios. Guests may request a turndown service and extra towels/bedding. Housekeeping is available daily. Rollaway beds are available on request. Recreational Boating $24.99 Recreational Boating - Photographic Print Autolite Motorcycle, ATV, Personal Watercraft, Recreational Vehicle, Snowmobile Copper Core Resistor Spark Plug - 4062 $2.09 Designed to help deliver quick starts, good fuel economy and smooth acceleration. Product Features:Copper core electrode and nickel chromium alloy side electrode offer enhanced heat dissipation and durabilityResistor reduces radio frequency interference (RFI) and electrode erosionCopper-glass seal bonds insulator, terminal post center electrode together; helps ensure full required voltage at spark gap; gas-tight seal. Most Ignition and Tune-Up products are available for in-store pickup from Advance Auto Parts. Autolite Moped, Motorcycle, ATV, Recreational Vehicle, Small Engine Non-Resistor Copper Core Spark Plug - 26 $1.99 Designed to help deliver quick starts, good fuel economy and smooth acceleration. Product Features:Copper core electrode and nickel chromium alloy side electrode offer enhanced heat dissipation and durabilityResistor reduces radio frequency interference (RFI) and electrode erosionCopper-glass seal bonds insulator, terminal post center electrode together; helps ensure full required voltage at spark gap; gas-tight seal. Most Ignition and Tune-Up products are available for in-store pickup from Advance Auto Parts. Autolite ATV, Personal Watercraft, Recreational Vehicle, Small Engine Non-Resistor Copper Core Spark Plug - 63 $1.99 Designed to help deliver quick starts, good fuel economy and smooth acceleration. Product Features:Copper core electrode and nickel chromium alloy side electrode offer enhanced heat dissipation and durabilityResistor reduces radio frequency interference (RFI) and electrode erosionCopper-glass seal bonds insulator, terminal post center electrode together; helps ensure full required voltage at spark gap; gas-tight seal. Most Ignition and Tune-Up products are available for in-store pickup from Advance Auto Parts. Autolite ATV, Personal Watercraft, Recreational Vehicle, Small Engine Non-Resistor Copper Core Spark Plug - 65 $1.99 Designed to help deliver quick starts, good fuel economy and smooth acceleration. Product Features:Copper core electrode and nickel chromium alloy side electrode offer enhanced heat dissipation and durabilityResistor reduces radio frequency interference (RFI) and electrode erosionCopper-glass seal bonds insulator, terminal post center electrode together; helps ensure full required voltage at spark gap; gas-tight seal. Most Ignition and Tune-Up products are available for in-store pickup from Advance Auto Parts. Autolite Motorcycle, ATV, Personal Watercraft, Recreational Vehicle, Snowmobile, Copper Core Non-Resistor Spark Plug - 4252 $2.09 Designed to help deliver quick starts, good fuel economy and smooth acceleration. Product Features:Copper core electrode and nickel chromium alloy side electrode offer enhanced heat dissipation and durabilityResistor reduces radio frequency interference (RFI) and electrode erosionCopper-glass seal bonds insulator, terminal post center electrode together; helps ensure full required voltage at spark gap; gas-tight seal. Most Ignition and Tune-Up products are available for in-store pickup from Advance Auto Parts. Autolite Motorcycle, ATV, Personal Watercraft, Recreational Vehicle, Snowmobile, Copper Core Non-Resistor Spark Plug - 4132 $2.09 Designed to help deliver quick starts, good fuel economy and smooth acceleration. Product Features:Copper core electrode and nickel chromium alloy side electrode offer enhanced heat dissipation and durabilityResistor reduces radio frequency interference (RFI) and electrode erosionCopper-glass seal bonds insulator, terminal post center electrode together; helps ensure full required voltage at spark gap; gas-tight seal. Most Ignition and Tune-Up products are available for in-store pickup from Advance Auto Parts.