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What amazes me from this Washington Post article is prices were still rising in a steep incline many years past Ubers launch in 2009. You would think 4 years la
by Gustomaximus 10y ago
What amazes me from this Washington Post article is prices were still rising in a steep incline many years past Ubers launch in 2009. You would think 4 years later it was clear for enough people where the market was going, yet medallions doubled in price during this period (almost tripled by 2015).
- wahsd 10y agoThey're used for shenanigans.
- drpgq 10y agoMaybe that effect was more due to really low interest rates?
- Gustomaximus 10y agoI was thinking the same thing but just because people get cheap money doesn't mean you throw it at anything. It still becomes an exercise of analysis and looking to maximise returns. In which case I'm still at 'WTF'