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In 2012 only 18% of Medallions were owner-operated. https://slate.com/business/2012/06/taxi-medallions-how-new-yorks-terrible-taxi-system-makes-fares-higher-an
by squeaky-clean 3y ago
In 2012 only 18% of Medallions were owner-operated.
https://slate.com/business/2012/06/taxi-medallions-how-new-yorks-terrible-taxi-system-makes-fares-higher-and-drivers-poorer.html https://slate.com/business/2012/06/taxi-medallions-how-new-y...
- BoorishBears 3y ago> putting most medallions in the hands of big taxi fleets or brokers who simply rent them out. https://www.nyc.gov/site/tlc/businesses/brokers.page https://www.nyc.gov/site/tlc/businesses/brokers.page Brokers can't rent: only "leasing" (on an asset they didn't own) and financing both with regular payments, an interest rate, and forfeiture if you don't pay in time, just like a mortgage.
- deleted 3y ago[deleted]