โApr-23-2020 08:02 PM
โApr-25-2020 05:09 AM
Flapper wrote:
Although retired now, I owned restaurants, and managed restaurants, my entire career. All independant, none associated with any deep pockets. Once, when a patron was loudly upbraiding me in the packed dining room about the "outrageously" high prices of our sandwiches, I lost my cool, and said, so all could hear: "Ma'am - over 60% of my costs go to paying wages, taxes and benefits of the people you see working. Point out two of them right now, and I will immediately fire them, so you can pay less for your sandwich." That stopped the complaint.
To turn that around, and to echo Gov. Cuomo: Dead is dead. From the next 100 people you see, pick the two you want to die, so that the businesses can stay open.
These are terrible times, with terrible choices. But one is much clearer than the other. If I was back in that situation, there would be no choice. Somehow, someway I and my family would get through. And those other two people would have the opportunity too.
โApr-25-2020 04:10 AM
โApr-24-2020 09:58 PM
โApr-24-2020 09:50 PM
cptqueeg wrote:When you see your net worth go from multiple 7 figures to possibly nothing in the span of three months perhaps your perspective would have changed. Currently less than 1/3 of one percent of the US population have tested positive for COVID. The death toll is currently just over 1/100th of one percent of the population. People are actually not dropping dead in the streets.westernrvparkowner wrote:bobsallyh wrote:Yes,it is very easy to put someone else out of business. I don't believe the county health officials are missing a single paycheck. And I bet all the retirees and other posters on these forums advocating erring on the side of safety would feel a bit different about shutting everything down if the shutdown included draining their savings and retirement accounts.
westernrvparkowner, after reading your doom and gloom report, I thought early on that I read an article about the neighbors of those business's. Sure enough I did.
https://www.ktvq.com/news/coronavirus/neighboring-counties-ask-yellowstone-national-park-to-close
I'm not even a year into retirement and I've put off a remodel on my home, my stocks took a big hit, and my income from the sale of my business in NY is declining, perhaps never to return, and I'm fully behind whatever measures need to be implemented to reduce the first wave and eliminate a 2nd or 3rd wave. This disease is waiting for us to get complacent. I'm here in Idaho where we had the highest rate of infection in the US, #8 now, I think, so having people swirling around singing kumbya in yellowstone is a scary thought if I was a local working or owning in the tourist biz. Money is not worth dying over.
If Yellowstone is close to empty and people feel safe I think you'll find many more people w/in 500 miles taking advantage. One thing I'm sure of is if we get a 2nd wave that will put the brakes on the entire season. Would love to visit there - last time for me was fighting the big one back in '88.
โApr-24-2020 08:42 PM
โApr-24-2020 07:51 PM
โApr-24-2020 07:45 PM
westernrvparkowner wrote:bobsallyh wrote:Yes,it is very easy to put someone else out of business. I don't believe the county health officials are missing a single paycheck. And I bet all the retirees and other posters on these forums advocating erring on the side of safety would feel a bit different about shutting everything down if the shutdown included draining their savings and retirement accounts.
westernrvparkowner, after reading your doom and gloom report, I thought early on that I read an article about the neighbors of those business's. Sure enough I did.
https://www.ktvq.com/news/coronavirus/neighboring-counties-ask-yellowstone-national-park-to-close
โApr-24-2020 04:23 PM
westernrvparkowner wrote:
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โApr-24-2020 04:08 PM
โApr-24-2020 03:40 PM
โApr-24-2020 02:47 PM
bobsallyh wrote:Yes,it is very easy to put someone else out of business. I don't believe the county health officials are missing a single paycheck. And I bet all the retirees and other posters on these forums advocating erring on the side of safety would feel a bit different about shutting everything down if the shutdown included draining their savings and retirement accounts.
westernrvparkowner, after reading your doom and gloom report, I thought early on that I read an article about the neighbors of those business's. Sure enough I did.
https://www.ktvq.com/news/coronavirus/neighboring-counties-ask-yellowstone-national-park-to-close
โApr-24-2020 02:41 PM
jdc1 wrote:If only it was as simple as the bank will understand. Unfortunately, the banks have to abide by banking regulations and those unpaid payments will put those loans into non-performing status, decreasing the banks reserves. If the bank has a large number of these non-performing loans, which is likely for the community banks in seasonal tourist areas, they run the risk of being declared a failed institution and have their assets (the loans) liquidated. Even worse, the value of those businesses are likely to have fallen by 25% or more, erasing the equity those business owners have in the business and making refinancing those loans impossible. Unlike retirees who really haven't lost anything but time in the shutdown, or employees who will either return to their job in a few months or will find other employment should their jobs not return, many seasonal business owners are likely to lose their businesses and their life savings. For those people that is a staggeringly high price to pay in the interests of possibly preventing the spread of a virus we still have no idea of it's actual morbidity.
While it is a shame that seasonal businesses will be dealt a huge blow, I would be more apt to play it safe with employees and guests. A bank will understand the late or non-payments, the families of dead people won't forget. I really wish there was an alternative, a magic cure-all.
โApr-24-2020 01:43 PM
โApr-24-2020 10:50 AM
โApr-24-2020 09:04 AM