This one lie about investing, particularly in self-storage,

has destroyed more investors than anything else.

It has also led incredible opportunities.

Now, I have built a self-storage company that's worth hundreds of millions of dollars.

This is a lie that is repeated by everyone, the Wall Street Journal, every

single broker, the whole industry. But they don't understand that it's a lie. And the reason they

don't is because they don't understand how it actually works. So yes, I am telling you that the

experts have it wrong. And I'm going to show you why this can not only save you from massive risk, but it can help you find the opportunities.

Now, this is always interesting feedback that I receive because I invest in self-storage.

So why am I pointing out the negative sides or drawbacks?

This was the same feedback that I got in 2021 and 2022 when I talked about the self-storage bubble.

With a self-storage company, with hundreds of millions and assets, people wondered why I was

making a bearish case when there didn't seem to be any.

Once again, this comes from the lack of understanding of the numbers, and you will see this

very clearly.

It's easy to understand if you know where to look. Now, first, the big lie. The big lie is that

self-storage is the lowest defaulting commercial real estate class out there with less than 1%. In fact, a default rate of 0.11 or 015% currently.

Now compare that to multifamily, which we've talked about in other videos. Multifamilies,

delinquencies are skyrocketing. They're also defaulting and going to much more in the

next two years. Why? Because the maturity loans of those assets are growing exponentially over the

next two years at high interest rates. Now, when I say that, most everyone thinks I've never ever heard

anything other than how self-storage is recession-proof, that it's such a safe asset, the delinquencies

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