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> The medallion system seems to be a US peculiarity The equivalent system existed in Ireland until 2000, with taxi licenses changing hands for over $100,000. I
by dmurray 9y ago
> The medallion system seems to be a US peculiarity
The equivalent system existed in Ireland until 2000, with taxi licenses changing hands for over $100,000. I'd be surprised if this doesn't persist in other European countries and cities.
- Kankuro 9y agoIn France, licenses have been given for free in limited numbers, and with the right to resell them on the market. So their price have increased up to 200-350k€. So some people made a lot of money there (and they one accept cash, so you know what can happen with the taxes). Recent buyers are in a bad position because they get it for a high price and now risk their value to drop because of the recent competition.