Posted by: tilken31
Posting time: 5.3 years ago on 8/6/2015 8:13:51 PM
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
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Archived TIL The NYC Taxi Medallion has decreased almost 300K in price over the past 2 years due to Uber! (taxifarefinder.com)
submitted 5.3 years ago by tilken31
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[–] floormatt3 0 points 3 points 3 points (+3|-0) 5.3 years ago
This is almost better for taxi drivers, from what I understand. A cheaper medallion means less out of their own pockets to keep their big, yellow taxi
[–] tilken31 [S] 0 points 3 points 3 points (+3|-0) 5.3 years ago
Though, if you bought your Medallion back in 2013, you have now lost 300K of your investment...
[–] Zodi 0 points 0 points 0 points (+0|-0) 5.3 years ago
Yeah but the reason why they were so expensive before was so you had to work through a company, rather than be your own boss.
[–] devotedtoneurosis 0 points 0 points 0 points (+0|-0) 5.3 years ago
And face a more competitive market.
[–] tangerinepeeler 1 point 0 points 1 point (+1|-1) 5.3 years ago
I don't think it's better for them. Yes, it's cheaper, but they don't have the same amount of work they had before, meaning they earn less money.
[–] jeegte12 0 points 0 points 0 points (+0|-0) 5.3 years ago
he did say "almost"
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[–] floormatt3 0 points 3 points 3 points (+3|-0) ago
This is almost better for taxi drivers, from what I understand. A cheaper medallion means less out of their own pockets to keep their big, yellow taxi
[–] tilken31 [S] 0 points 3 points 3 points (+3|-0) ago
Though, if you bought your Medallion back in 2013, you have now lost 300K of your investment...
[–] Zodi ago
Yeah but the reason why they were so expensive before was so you had to work through a company, rather than be your own boss.
[–] devotedtoneurosis ago
And face a more competitive market.
[–] tangerinepeeler 1 point 0 points 1 point (+1|-1) ago
I don't think it's better for them. Yes, it's cheaper, but they don't have the same amount of work they had before, meaning they earn less money.
[–] jeegte12 ago
he did say "almost"