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I returned to my gym when it re-opened in early June. I was disappointed by the experience. Late this week, given the underwhelming gym experience and the rise in Coronavirus cases, I've decided to return to home, YouTube based workouts for the time being.Won’t catch me in a gym until the pandemic is over, which is likely three years from now.
I've moved on to calisthenics, track inspires cardio workouts, and yoga.
i agree gyms are pretty recession proofIt's temporary my guy, don't worry.
Keep in mind we've only been in "covid mode" for about 136 days as of May 15 2020 (time since first case)
I understand your worry but even if a large portion of gyms (and for that matter restaurants too) close new ones will open.
Think of it this way. If you own a gym, go bankrupt, sell your assets to cover your liabilities as much as possible that sucks for sure. However, someone will eventually buy the equipment, rent the space, adjust to payments you were unable to make.
At the medium time scale or larger its more of an asset reshuffling than a categorical decrease in total asset value. Even if globally the shape of the global economic change is more like an L than a V (fast decline and slow increase vs. fast decline and fast increase ) I dont personally believe that the long term economic impacts will be that bad.
As for the price increases of certain products I think it's just temporary inflation, cash flow crunches and rent-seeking behaviours.
I do think the responses to Covid have been economically harmful but not YET catastrophically so.
Keep your chin up.