I highly recommend people read this 2011 reuters article: http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/ http://blogs.reut

I highly recommend people read this 2011 reuters article: http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/ http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-me... Given the regulations, Medallions would make you 50k profit a year. You could suspect a bubble, but the math holds up. Though that profit calculation is dependent on the fare regulations and limits on medallions.