Once a sure bet, taxi medallions becoming unsellable [via Facebook]
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Monopoly license with extremely restricted supply and a sale price of $200,000-$300,000 proves hard to sell when independent owner operators find an alternative source of fares basically for free. Wealthy old white guy who owns two houses upset.
Once a sure bet, taxi medallions becoming unsellable
Not long ago, in America’s big cities, purchasing a taxi medallion—the city-issued license to operate cabs—was about as sound of an investment as they came. But with the ascension of Uber and other
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