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  • The show is runining business for the rest of us!

    I have been buying storage units at auction for many years.  Long before the TV series "Storage Wars"  At first, I was intrigued by the show and watched in amazement at how rediculous and immature these buyers were.  No one acts like that in real life circumstances, not even at the auctions.  However, as of late due to the show I have been unable to purchase a unit for what the value is really worth, let alone purchase a unit at all.  With 100's of people now showing up at a small auction with one or two units for sale it is impossible to get a unit.  There are way too many people at the auctions, lookie loos, people wanting a piece of the action and maybe even their own minute of stardum.   I went to one yesterday and stood next to a lady on the phone who literally said, "Hey, I gotta go! I'm at the "Storage Wars" right now!"  Needless to say, units with just a few boxes and a broken recliner went for a whopping $800.00.  Units that would normally go for 40 or 50 bucks before the show began!  Storage Wars you are ruining it for us "Real Professionals" out there who truly do this for a living.  And we don't get paid by a tv show either on top of it.  I think its wrong for you to use your two minutes of fame on tv in order to get ahead in this business when the rest of us work our tails off to make a living at this business in the real world!  Get a life and take this off of the airwaves.  Give us real people a chance to make a living.

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    • By missquizz
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  • Actually its making the business very profitable

    I talked with an auctoneer and a storage company and they both said they make a lot more money than they used to because of the show.  You see the storage companies used to lose a lot because people took advantage and kept bids low for stuff.  Now they are making better money because of this show.  This means that overall this show has been a boon to the economy.  Its called supply and demand, and demand is up because of this show.  LONG LIVE STORAGE WARS. By the way the "real professionals" as you put it are the auctioneers and the storage companies.  Everyone else is just an amateur.

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    • By Tony M
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  • Re: The show is runining business for the rest of us!

    Tony M, you either own a Storage company or a Auction company!!!! you thinking this is great for the ecomomy is just fricking ridiculous.

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    • By MichaelJ
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  • I don't own either, and have nothing to do with this business, except I rented a locker once.

    In fact I'm guessing most of the critics of this show are buyers who hate the competition. More money flowing is good economy, just because Michael J isn't in the cash flow doesn't mean anything.

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    • By Tony M
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  • Re: The show is runining business for the rest of us!

    lmao, if people wanna pay 800 for a unit, thats there problem

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    • By JeffHorlacher
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  • Re: The show is runining business for the rest of us!

    I understand what you are saying. I know of a person who FEELS just like you do. She has turned her situation around. When she goes to the auctions, most of the newbie’s do not want to mess with the clothes and some of the other items. She passes out a flyer telling them she will take any of the unwanted clothes off their hands. The clothes are usually in trash bags; boxes or just plain on the floor. The point is her cost is $0 and she is making twice as much as she was before the show. She has been around for a while so she knows who is new and says baby clothes sells the best.

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    • By synwright
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  • Re: I don't own either, and have nothing to do with this business, except I rented a locker once.

    Posted By: Tony M
    In fact I'm guessing most of the critics of this show are buyers who hate the competition. More money flowing is good economy, just because Michael J isn't in the cash flow doesn't mean anything.
    So where does the line go from "entertainment" to "factual show?"

    If we suspend the "entertainment" aspect abit, Storage Wars is supposedly telling the viewer that:

    * People who are "newbies" can throw their life savings into a locker and easily recoup that back on their first locker (Dave Hester Jr. and that one guy Jarrod helped out being examples).
    * You can easily make a profit on the right lockers on random household goods and common particleboard furniture in "good case" scenario. 50% at least above your bid is "good enough." Very rarely do you either break even a/or lose money (well, in Barry's case....this is ignored)
    * That people sock away valuables and "conveniently" forget them, usually in the 4 figure prices and up.
    * Before you pay for the locker, you can take a "looksie" in it to evaluate if you made a profit or a bust.
    * You can find "experts" that can evaluate and appraise the value of an item, such as the local bar or at a retail shop.
    * Using an unmanned flying object, dressing up like a homeless person, hiring psychics, use minors, setting up a picnic on private property, and calling help from a dwarf are perfectly acceptable ways to evaluate and bid on a locker. (BIG HINT: Minors can't make legally binding contracts, like auction bids!!)
    * You'd find people at an auction like a guy who throws around cash like it's drugs, a guy that is going thru a mid life crisis and is possibly on or suffering from the effects of taking steroids, a bickering couple with clear martial issues, and the rich idiot with no day job. And if we're taking into account SW: Texas, you can find also a hillbilly gay couple, a guido, an old fart with little common sense, and apparently, slavery is still legal in Texas or the fact that an interracial duo is allowed to exist in the south like that prominently.

    Oh, but lets see the competition.

    According to the Auction Hunters:

    * It's perfectly acceptable to insult, bully, make fun of, and willingly destroy items in front of an appraiser who just helped you appraise said item(s) and is your potential buyer!!
    * It's perfectly acceptable to ignore the wisdom of an expert and do your own restoration yourself (possibly half-baked a/or ruin the already built in value by messing with it) and then insult a/or bully the buyer into your price.
    * You can find guns and sell them freely........in gun strict California.
    * Oh, and all lockers you bid on makes you a tidy profit. No losses whatsoever.

    And Storage Hunters has:

    * The ability to "research" who owned the locker beforehand.
    * A crass talking auctioneer who makes jokes that border on being inflammatory, sexist and racist in some cases.
    * People who have no bloody idea what items are exactly in their locker.
    * The possibility of running into a clandestine meth lab, a fraudulent ID setup, the worlds most poorly designed S&M dungeon, and a shrine to the New York Yankees.

    Is it any wonder why people come onto these boards and complain about how this show is ruining their lives?

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    • By cesariojpn
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  • Re: I don't own either, and have nothing to do with this business, except I rented a locker once.

    Posted By: Tony M
    In fact I'm guessing most of the critics of this show are buyers who hate the competition. More money flowing is good economy, just because Michael J isn't in the cash flow doesn't mean anything.
    You say cash Flow.... Would you like me to explain to you cash flow and economics. I will be brief. Yes it helps Auction companies and storage facilities make more money, I agree with you there. But it does not help the buyers! and the buyers customers of the locker merchandise. All buyers loose out on cash flow. Reason is they have to spend more on the lockers get less in return and still must pay employees/help, fuel and so one Then their cutomers have to pay more for the merchandise from locker buyers in return cutting sales. So to make it short and to the point storage buyers and there customers loose out! (AND THATS THE MARKET AND WHERE THE CASH CHANGES HANDS TO MORE PEOPLE NOT JUST TO THE STORAGE AND AUCTION COMPANIES)

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    • By MichaelJ
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  • Again Michael

    You are missing the most important thing "new money" that might not be spent elsewhere is coming into the circle. That in itself helps the economy. I guess you think if you type things in capital letters they must be true ;-). I on the other hand think that more capital is what is true here. You've been punned!

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    • By Tony M
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  • RE: The show is runining business for the rest of us!

    Missquiz
    Yes, no doubt about it there are bigger crowds, higher bids and.....it takes hours to get thru all the lockers. But as a pro bidder, I think it's a temporary bubble. I've seen plenty of "Newbies" over the past year or so over bid lockers never to return again. And....most of them are not equipped to run it as a business. They don't own a pickup or a trailer and they don't have the space to store the merchandise until they sell it. Many are just temporarily out of work and unfortunately for them, they believe the results of the shows. Anyone who has successfully done auctions for a good length of time knows it's mostly a lot of hard work moving large appliances and used furniture with an occasional find of something really valuable. So I let the "Newbies" over bid a locker and later that day I come back and buy or trade for what I really wanted. I recently got a vending machine in exchange for dumping some broken particle board furniture for a "Newbie". The machine had $130 of change in it and after drilling the lock and emptying it, I sold it for $300. My cost? Next to nothing as I was on my way to the dump anyway. My point is......you have to get creative to survive. This bubble will burst. Hang in there kiddo!

  • Re: Again Michael

    Posted By: Tony M
    You are missing the most important thing "new money" that might not be spent elsewhere is coming into the circle. That in itself helps the economy. I guess you think if you type things in capital letters they must be true ;-). I on the other hand think that more capital is what is true here. You've been punned!
    "New Money that might not be spent elsewhere is coming into the circle" Makes no sense... It may infact really hurt some in loosing Money! That could have been spent elsewhere. You mean, more money due to higher locker prices....there is only ever one buyer per locker and even without them there still would be one buyer per locker and the only ones that benifit with more and more newbies bidding and unit prices sky rocketing because more and more people think they can get rich quick with a great find of value because of the show are the people auctioning lockers and the storage facility and they sure are not going to pass that "New money" to anyone else, such as lowering locker rental fees. You are the one missing the point. Our point is inregards to the buyer businesses that buy lockers and resell items as a business. There the ones that are doing the work, processing items, reselling items and putting them back into the market for others to buy not to mention reastoring some items to resell and in doing so giving them companies business that means more money changing hands. Basically your whole argument is that more buyer competition is good for two (the auction people and the storage facility) and YES That is correct.

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    • By MichaelJ
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  • OMG MIkey, I've pushed your buttons LOL

    Look at all those words, unfortunately I'm about as interested in wasting my time reading your rantings as I would be "Mein Kampf", which I'm sure you have your own manifesto somewhere in the works. I think my points are well made and I'll rest my case. Storage Wars is Good for the Economy. Pawns Stars is Good for the Economy. Anything that promotes people spending money is good for the economy. Economy is the flow of goods and services.

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    • By Tony M
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  • Get a real job

    For all the complainers out there:
    Number 1. Try getting, how should I say this, a different job. Bidding on storage units is basically gambling. If your career is based on gambling, you should probably try another field. You might not want to count on winning auctions to get you through life. Something a little more stable might help... Just a suggestion, though.Number 2. Stop being so greedy. Storage auctions have been around for a while... Not because of you. You're upset, because you believe that your little secret is exposed. The auctions are open to anyone. Deal with it. If you can't deal with it please refer to number 1.It's reality television. If it encourages people to visit storage units, well then good for the companies! I think you're forgetting storage owners should be profiting the most here. After all they're the ones who have the business. You don't own rights to any auctions, so there's really nothing you can do about. Well, besides blog on the internet about how mad you are :)Just came across these posts, thanks for the entertainment. If you would like to respond, go for it. I most likely will never read you comments.

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    • By Ggd05
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  • Re: The show is runining business for the rest of us!

    I like Storage Wars, but I think a lot of it is staged and scripted. The people are "real" in that this is what they do for a living, but I think mostly it is a gamble and a grind thing. Before this show like the guy said, a locker might be sold for $100 because it is mostly junk inside of them, now people see this program and think that this is some untapped market.
    If the name of the game is like the show, where one opens a locker, people get 5 minutes to look at it without being allowed inside of it, no thanks. I like to see what I am buying or bidding for. The Storage Company is hoping someone pays too much for worthless crap, with the bonus of that bidder cleaning out the locker for them for free.A question, why would people leave valuables in a storage locker and then abandon the locker? If the holder of the locker was broke and could not pay anymore, wouldn't they take their treasures out and leave the crap behind? Also, doesn't the storage company have an obligation to reasonably find the person who rented said locker if they are arrears in the payment? What if the renter died for example? Also, who is to say that any valuables found in a locker is not stolen goods? A thief knocks off a jewelry store for a lot of loot, then puts the goods in the storage locker until a future time, and then the thief dies, is killed or caught and in prison for mutiple years.

  • STAGED UNITS

    Anybody who is new to the game needs to realize that ALL units are inventoried before the auction takes place by the storage company. Legally this has to be done prior to the sale. With that being said, the company knows exactly what's in a unit while they watch the auction take place. The company needs to recoup the most it can on back rent. This is where STAGING comes into play. Items that the company knows are most valuable are moved into plain sight so they can maximise return. Certain words are also known to be written on boxes to insure the highest value can be attained. Locks are not cut the moment before auction like they are on TV so there are rarely high dollar surprises inside. How do I know this? I have been doing this for 20 years, and I know many people who own and manage facilities.TV is TV and not reality

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    • By QCIT
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  • RUINING THE BUSINESS

    from a 20+ year vet here
    first of all storage wars is FAKE yes fake no different than your fave sitcom or WWE wrestly OMG shocker Tony???second it doesnt matter how much the companys get for the units because the tenant will be sued for the remainder and if the unit does MORE than what the tenant owes than the extra money by LAW must be sent to that tenant!!!!! So the companys arent losing any money or gaining any....truth is most are as P**SSed off as we are because the dont like all the newbies just like we dont...they like the small crowds and the buyers theyve known for years and can trust to clean out the rooms.....This fake show IS ruing are business in a terrible way and making it hard to put money on our plates and is ridiculous shame on you Storage wars for making the rich richer (yourselves) at the expense of us middle class storage auction veterans who just got by or made a decent living doing this because now we must pay $2000 for $500 worth of merchandise in an attempt to chase these morons away!!!!!!!! GO AWAY STORSGE WARS AND MORONS AND STAY AWAY.PS - every room does not have the proverbial "hidden treasure" ..... most have more trash than good stuff and are a means to an end to make a few bucks and survive and pay bills!!!!!!

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    • By JimLippincott
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  • Re: The show is runining business for the rest of us!

    You were once a "newbie", did the veterans then hate you too? When do you cease being a newbie and accepted by everyone else?
    I would think that most new people would be more cautious with their money.

  • Storage companies don't make any money...

    I'm sure laws vary from state to state but where I live: 1. If a storage company opens a locker and it's not being recorded by a camera crew, or they open it prior to the auction, they actually have to have personal 'lock cut' videos showing that the locker was merely opened and not tampered with. 2. Storage companies can't make squat off of the auctions. The storage company can only recoup what they lost in rent while the unit was tied up, and any legal costs incurred in trying to locate and notify the dead-beat renter that an auction is pending on their unit. A renter can show up 10 mins. before the auction and pay their arrears and all of the sudden, your auction is off. And as far as just going and getting your stuff out prior to the auction, the entrance code you received when you rented the locker is deactivated after either 45-60 days of non-payment. 3. A percentage of total sales at these auctions goes to the auctioneer's company and the rest goes to the storage facility of which they must return, to the original renter, anything over and above the costs they've incurred in trying to empty and re-rent the unit. As a former rental property owner, I can assure you of the legal hoops one must jump thru to legally dispose of someone's belongings of which selling it on ebay and making a profit is not an option. I am legally bound from making a profit. And as far as them actually inventorying the locker, there's a push for a law to do that but it's illegal for a storage company to enter a locker and inventory it's contents as of this moment. If someone you've know for 20 years is doing that, they're committing a crime. In short :0), the storage companies don't really care for the crowds and auctioneers because when that's going on, they're not renting units and they're not allowed to make money from the auctions so it's a pain for them. Here's what they (storage companies get); money to cover their costs, the items in the auctioned units emptied and broom cleaned and the stuff hauled away so they can continue to do the kind of business that makes them money.

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    • By William.wonka59
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  • poor understanding of economics on display

    If "cash moving around" is really a way to help the economy; then high inflation, bailouts, and the Federal Reserve would all be good and not bad. In reality, cash moving about has very little to do with a strong economy, instead a high level of production for a community/nation and a resulting increase in the community/nations standard of living is the signal of a strong economy.
    Thus purchases of storage units has little to nothing to do with the health of the US economy b/c nothing is produced. If the unit sells for more than it's value, the seller's standard of living shifts up slightly and buyer's down slightly. If the unit sells for less than its value, the seller's (or previous owner's) standard of living drops and the buyer's goes up. If the price is just right, then it's a wash and there is no adjustment. But high or low costs of storage units (which is a tiny fraction of percentage of the economy anyway) has nothing to do with economic health for the nation.

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    • By Midcity
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