I own a fitness facility and the business could be financially screwed, having to continue paying the lease with no revenue. I have recently spent money on my system and am so happy for it. It’s my only escape in what is going on right now. I’ve been listening more than ever. It’s a great Hobby to have at the moment. Especially since the ski season got cut short too.
How will the COVID-19 pandemic affect sites like Audiogon?
One would think that with social distancing and shelter in place policies, there has never been a better time for upgrading and enjoying your audio system. But is now the time to buy and sell? The mass unemployment and economic distress accompanying the pandemic seems certain to undermine what is essentially a luxury market encompassing both gearheads and music lovers? What effects on buying and selling audio gear — both short and long term — can we foresee?
Showing 5 responses by sdrsdrsdr
@geoffkait Fitness facilities are suspending payments here in Canada. If they don’t, members will cancel or put stop payments. Any business like mine is going to have trouble. Most businesses can just close and most expenses go away. Other than paying interest on debt on a business, rent doesn’t go away and is payable. Same with property tax. Many business owners only wish their only concern was loss of income. They not only have loss of income they are going in massive debt on top of that. |
On a better note. Our hobby is awesome! Top quality music reproduction is so satisfying that I believe new younger audiophiles with full the space. It’s funny to say that I’ve always felt a younger audiophile, since the 80’s. Now I’m 54 and still am the younger. But I am see more and more all the time a many coming to the hobby. Just in a less costly way. More in the interest of 70’s and 80’s gear. Which is where I started. |