FAQ #72 – What About STORAGE UNITS In Ecuador?

Storage units in Ecuador are not very common. In the United States, you’ll find a storage facility on nearly every corner, but in Ecuador, you may only find one or two in each major city while small cities don’t have any.

In general, Ecuadorians don’t have the same consumer mindset as Americans. They don’t tend to fill up their basements, garages or storage units with things they don’t need or barely use. And when they do have something of value, they either use it or sell it to someone else who can use it.

Ecuador had its “Great Depression” between 1998 and 2003 during a period of massive inflation. Most people lost their entire life savings when the value of the Sucre plummeted, so in 2000, Ecuador switched from the Sucre to the U.S. Dollar in an attempt to stabilize the economy.

Since the economic crash was only 20 years ago, the hardship it caused is still fresh in their minds. As a result, older Ecuadorians with discretionary income tend to be very frugal and invest in real estate rather than stuff to fill a storage unit.

It is common to see bodegas (aka sheds or storage rooms) either attached to a house or in the backyard. These are used as personal storage units with a one-time construction cost versus renting a unit for a monthly recurring fee, which are very expensive in Ecuador.

Here are a few storage facilities in Ecuador (you’ll notice the prices are comparable or higher than storage units in the U.S.):

If you have a need for short-term storage in Ecuador, you may have more luck asking a friend with a house or garage if they can store your things for a while. Or, better yet, adopt the Ecuadorian mindset and sell anything that has value that you don’t regularly use.

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