Storage Locker Auctions 'Like Going to Vegas'

At a storage facility in California's Bay Area, a crowd of onlookers peers into lockers -- all eager to get a glimpse at someone else's stuff inside. Jammed with unmarked boxes, tools, clothes and furniture, the storage unit -- home to the accumulated objects of life -- is about to be auctioned off. Storage is a big business, but a little known sideline is the monthly auctions of units where owners have failed to pay the rent. In the recession, defaults on storage units are up in the range of...Full Story
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