- 9:23 am - Sun, Aug 5, 2012
- 65 notes
Interesting episode of Colin McEnroe Show, via The Billfold.
The guest in the first segment is Ryan T. Howell, whose Personality & Well-being Lab at San Francisco State University “aims to better understand the role of finances and consumption in people’s happiness and subjective well-being, as well as the concept of happiness and quality of life in general.” His site BeyondThePurchase.org includes a variety of “consumer psychology” surveys related to his research. There’s also a blog I’ll be keeping an eye on.
Later in the show, writer Mike McGrath talks about his misadventure in storing his stuff:
There is well over 2 billion square feet of self-storage space in the United States. For some perspective, if every man, woman and child in the United States stood up straight, arms at sides, they would all fit into the storage space that already exists.
In 2011, self-storage facilities grossed around $22.5 billion. Most of that was badly invested money, especially if you think of the value of what’s in storage units and then think of the monthly rental as somehow a cost added onto the original purchase price.
Writer Michael McGrath
, who’s on the show today, now looks at the $400 mattress he stored for two years
and realizes he accelerated the cost of it to a number topping $1,000. The problem for McGrath — and for everyone — is that he didn’t have just one item to store. He had a bunch. And it was hard to see clearly what was going to happen.