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re: 24 Hour Fitness catches the COVID bankruptcy

Posted on 6/15/20 at 1:17 pm to
Posted by WaydownSouth
Stratton Oakmont
Member since Nov 2018
11360 posts
Posted on 6/15/20 at 1:17 pm to
Preventing healthy people from exercising. Arguably the dumbest thing I’ve ever witnessed
Posted by baldona
Florida
Member since Feb 2016
24485 posts
Posted on 6/15/20 at 1:19 pm to
quote:

24hour right now. Will suck if it closes, my membership is just $20/year.


You mean a month? If $20/ year its a no wonder they are going bankrupt.

24 hour doesn’t really have any employees right? Like one person that works 40 hours a week or something and the rest of the time it’s just a code to let yourself in? If so, I can see why they would get hammered by the Covid closure.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 6/15/20 at 1:23 pm to
quote:

Does the PPP give a type of low performing locale bailout for some while ignoring the mom and pops who never got a shot at getting in line to get a dime?


What mom and pops got ignored? PPP still has available money last time I checked.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 6/15/20 at 1:26 pm to
quote:

This won't be a topic here or on PTB but keep your ears open re: Mnuchin and the resistance to FOIA on the PPP. Just keep it in the back of your mind.


It’s like that because Schedule C filers would be open to their entire private information being shared.
Posted by tigerinthebueche
Member since Oct 2010
38241 posts
Posted on 6/15/20 at 1:30 pm to
quote:

It’s like that because Schedule C filers would be open to their entire private information being shared.



No brah. It’s a conspiracy by the evil orange man.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 6/15/20 at 1:32 pm to
quote:

No brah. It’s a conspiracy by the evil orange man.



Touche'
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 6/15/20 at 1:38 pm to
quote:

It’s like that because Schedule C filers would be open to their entire private information being shared.



That's not even close to accurate

FOIA can easily redact that crap. It's amazing to me the gymnastics some of you go through to discount the fact that transparency is a bad thing. This is tax payer money and on the PPP apps it literally says all information can and will be shared. Just admit it. You don't care because Mnuchin is a Trump guy. Anyone else and this would be a big deal.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 6/15/20 at 1:45 pm to
quote:

That's not even close to accurate


You realize even if you redact everything but the PPP amount for a Schedule C filer, the filer's income is now public?

There was even a thread on the Money Talk about how a competitor was going to use PPP information to acquire new hires from their competition.

quote:

FOIA can easily redact that crap. It's amazing to me the gymnastics some of you go through to discount the fact that transparency is a bad thing. This is tax payer money and on the PPP apps it literally says all information can and will be shared. Just admit it. You don't care because Mnuchin is a Trump guy. Anyone else and this would be a big deal.


I'd have no problem with our Schedule C filing business being listed as a recipient of the funds. I would have a problem with our tax return being made public in any redacted format.



ETA: I notice you ignored my response to your mom & pop claim.
This post was edited on 6/15/20 at 1:47 pm
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78723 posts
Posted on 6/15/20 at 1:47 pm to
How are Snap and Anytime doing?
Posted by wildtigercat93
Member since Jul 2011
116490 posts
Posted on 6/15/20 at 1:50 pm to
quote:

24 hour doesn’t really have any employees right? Like one person that works 40 hours a week or something and the rest of the time it’s just a code to let yourself in? If so, I can see why they would get hammered by the Covid closure.


The one I went to in Dallas always had like 40 employees at the front desk for some reason

And you type the code in at the desk, not the door
Posted by TexasTiger90
Rocky Mountain High
Member since Jul 2014
3576 posts
Posted on 6/15/20 at 2:16 pm to
Mine's opening up the end of this month, but the whole "workout reservation" thing is gonna get old, quick
Posted by btown96
Member since Nov 2009
91 posts
Posted on 6/15/20 at 2:43 pm to
quote:

Mine's opening up the end of this month, but the whole "workout reservation" thing is gonna get old, quick


It is already old. You only have an hour to workout before they kick you out.
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 6/15/20 at 2:47 pm to
Last I checked competition is a good thing. Good for the company hiring employees away from their competitors and paying them more.
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 6/15/20 at 2:58 pm to
Those lease payments on gym equipment are no joke and come every month. As does rent and payroll.

One hiccup and you're fricked.
Posted by Klingler7
Houston
Member since Nov 2009
12620 posts
Posted on 6/15/20 at 4:11 pm to
AnyTime Fitness is where it’s at. Fine Milfs, hardcore free weights. Workout classes during the evenings. Spacious parking with ample security cameras. No need to wear masks. 24 hours availability. No alarms going off. Mature members without the teenage crowd. Televisions. Cleanliness.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
26161 posts
Posted on 6/15/20 at 4:27 pm to
quote:

You mean a month? If $20/ year its a no wonder they are going bankrupt.


Nope $20/year for the rest of my life or until they go under. I am sure they will use bankruptcy to kill off memberships like mine probably.


Posted by HeadSlash
TEAM LIVE BADASS - St. GEORGE
Member since Aug 2006
56664 posts
Posted on 6/15/20 at 4:39 pm to
quote:

2020 is the bleakest year of my life by a large margin


Personally mother died, had a stroke and my wife left me in less than a calendar year. Life goes on.
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