I meant corner of the house, not right under the house. When I was a kid most of the houses where I lived were timber and on blocks just high enough to poke a mower underneath, but not the handlebars. So the handlebars were constantly stuck out, completely exposed to the elements. So they rusted away in no time. I find lots of vintage mowers in my area that are either missing the handlebars altogether, or have badly rusted handlebars, for this very reason.
I can't say I have ever experienced any rusting on the chrome if things are stored under cover, but then I live in a very dry climate. I can understand it would happen near the coast and in very humid areas.