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Jun 02, 2008 -- Living in your storage unit?

There are now 51,000 storage units throughout the country. Unfortunately, a lot of people are now living in their storage units because of economic hardship in the housing market. This is a dangerous and usually illegal practice.

In related news, Clark recently saw a very sad eviction in progress. Someone's possessions were piled up on a side street, and people just came up and took what they wanted. Could you imagine coming home to discover that you're homeless and bereft of your belongings?

Meanwhile, what happens when you stop paying your monthly storage bill? Clark read a New York Times report about a cottage industry springing up around the auction of property that's been seized from negligent accounts.

One storage company near Clark's house prominently posts signs -- illegally, on telephone poles -- when they're getting ready for an auction.

If you do have to put something in storage, know that you must get insurance on your belongings. In his TV work, Clark has done stories about how some people found their belongings damaged by flood or vermin and had no recourse. In fact, a rat jumped out at the camera while they were filming the story!


Unfortunately, Clark won't be able to answer any questions submitted via commenting. If you have a question, please try posting it to our message boards.

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What others are saying

  • free government grants
    I suggest you log onto the message boards(left side of this screen) & post your question there.
    There are lots of people who can help you with your question.
  • Work from home scam
    Add Data Entry Company to your list of on line scams.. I payed the $50.00 fee only to discover other fees were involved. I have contacted the company several times for a refund of course this is futile. They are based in Coral Springs FL.
    Guy Hess SLC
  • These economic times
    It's such a shame that we have come to a place where we no longer have the sense of duty of community to want to help each other during these difficult times. It appears to be much easier to blame the governing powers that are or that may be instead of taking responsibility ourselves. Somehow that seems to make us feel better. I hope that we realize before it is too late that each of us needs to look beyond our own needs and help others whatever way we can. Please.
  • LOL
    @ PJ

    you think this is a depression? you don't know what's coming to this country if obama gets in the white house and puts us all in government issued shackles with his socialistic ideology. then you'll REALLY be depressed. oh wait, you probably want the government to be your sugar mama. unwilling to earn your own way? i can't feel too sorry if you're out on the street.
  • Free Government Grants
    I recently got burned trying to order grant info online please tell me where i can go to get legitimate government grant info that's free?
  • LIVING IN STORAGE UNIT
    During the last depression people called it Hooverville. Lat's call this Bushville.
  • insurance on items in storage
    also, meth labs seem to be popular in storage units, so another good reason to take out insurance. It's hard to clean up chemicals or decontaminate stuff in nearby units to a meth lab.

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This week's poll
Do you like the idea of auto insurers switching to a pay-as-you-drive model -- where how, when and where you drive may be monitored?
Yes, I'm all for any approach that can save me money.
No, it's too much like having Big Brother in the back seat.
I'm not sure. I'd like the savings, but I don't know if I'd feel comfortable being monitored.
see previous polls


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