Uber and Lyft generate 65 percent more rides than taxis in NYC 2017 (New York: hotels, home)

[vision33r]

Originally Posted by BlakeJones

In related news, Medallion market price is now $175-$185K
http://www.crainsnewyork.com/article...n-windels-marx

Those banks and "investors" holding the bag at $1M prices are completely wiped out

There are less than 100k of these medallions so the ones with the big loans will likely file bankruptcy if its on their LLC easily and the banks will just write them off. It's not enough to knock banks out since 2008 all lenders must have a certain liquidity to withstand large scale foreclosures.

What is more troubling are sublime car loans. A lot of car loans and leases are going default or delinquent. Uber/Lyft both do predatory lending/leasing where they help you acquire a car through their lending program and the trade off is you must drive a certain amount each week in order to get their deal or fine a fine.

[Dave 92 LSC]

I hate Taxis. I love Uber.

Great Cars, New cars, good customer service. Being able to book from my cell phone. What more do you want?? I'm 39 and love using Uber. I can only imagine that the younger generation will not even know what Taxi is.

Taxi had plenty of time and money to re invent themselves, but they wanted to sit on their Million dollar medallions all their lives. F them and their smelly Crown Vics.

[BeerGeek40]

Originally Posted by BPt111

Ride-hail drivers now pick up more passengers in a month than taxi drivers ever have in a month.






https://www.google.com/amp/s/www.rec...ork-city-rides

Freedom is a great thing.

[Dave 92 LSC]

Originally Posted by BeerGeek40

Freedom is a great thing.

Word Life!!

[BBMW]

The city should take this as an opportunity to eliminate the medallion system once and for all.

[BlakeJones]

Originally Posted by BBMW

The city should take this as an opportunity to eliminate the medallion system once and for all.

you know they can't do that

one other solution is doubling the number of medallions and making them mandatory for uber and allowing app hails for yellow cabs and street hails for ubers. The "big merge"

[BBMW]

The Medallion system was created by city law. It could be revoked the same way.

Originally Posted by BlakeJones

you know they can't do that

one other solution is doubling the number of medallions and making them mandatory for uber and allowing app hails for yellow cabs and street hails for ubers. The "big merge"

[sirtiger]

Originally Posted by Dave 92 LSC

I hate Taxis. I love Uber.

Same here. I rarely take either of those. I recently hopped in a taxi in midtown Manhattan and said I needed to go to Park Slope. He said he doesn't know how to get there. I had to direct him. That is just ridiculous in this day & age.

Uber cars are nice and drivers are nice. I never have issues with them. I like Lyft even more

[BrooklynJo]

Originally Posted by BBMW

^
They're not supposed to take cash, so other than the drivers lunch money, so there shouldn't be much to steal.

But some of the drivers are cheating, and taking street hails. So now there's a perception among the thug class that they might have cash.

I drive for Uber and have since October and will stop driving this May. One thing I never do is pick up hails.

I’m trying to do my few months of rideshare and make it out alive!

[BlakeJones]

Originally Posted by BBMW

The Medallion system was created by city law. It could be revoked the same way.

the city would have to refund every medallion, and would then proceed to get sued for all the medallion prices paid on the secondary market