Posts by Alden Chang
Pandemic Onset Pricing
To better understand how self-storage operators managed their pricing during the onset of the Covid pandemic, Veritec Solutions analyzed self-storage website pricing of approximately 10,000 stores from January through mid-June 2020. The stores were operated by slightly less than 1,000 companies. Data was collected daily from facilities in California, Florida, Georgia, Illinois, North Carolina, Ohio,…
Read MoreA Pandemic Post Mortem
As of this blog, 96.7 million people in the U.S. have been fully vaccinated, or over 29% of the population. 141.8 million people have had at least one dose, and 67.9% of all seniors are fully vaccinated. We can be optimistic in seeing such high vaccination rates in so short period of time. No doubt, there…
Read MoreWhere Psych and Price Don’t Mix
Consider, for a moment, the following example: Mark is a hands-on, operationally minded person in the U.S. with a keen interest in real estate. In fact, he has joined a local real estate investment club. The club researches and “games out” which properties to buy, especially commercial properties. Which is more likely? Mark is a cashier,…
Read More