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Old 07-12-2019, 12:28 PM
 
143 posts, read 60,910 times
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Average revenue per medallion is still around ~10K/month. At 130K a pop, a medallion sounds like a great investment to me.
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Old 07-12-2019, 12:40 PM
 
2,601 posts, read 1,939,457 times
Reputation: 2568
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Originally Posted by ironlex View Post
Average revenue per medallion is still around ~10K/month. At 130K a pop, a medallion sounds like a great investment to me.
Go ahead and buy one, then you will find out.
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Old 07-12-2019, 12:58 PM
 
143 posts, read 60,910 times
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Originally Posted by nybklyn View Post
Go ahead and buy one, then you will find out.
Well, there's a reason why the price did not go down to zero. That means there's still demand.
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Old 07-12-2019, 01:23 PM
 
1,188 posts, read 1,242,420 times
Reputation: 396
Quote:
Originally Posted by ironlex View Post
Average revenue per medallion is still around ~10K/month. At 130K a pop, a medallion sounds like a great investment to me.
What would be profit per month? Revenue isn't as important as profit.
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Old 07-12-2019, 01:46 PM
 
2,601 posts, read 1,939,457 times
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Originally Posted by nyccs View Post
What would be profit per month? Revenue isn't as important as profit.
There goes a the smart man right there!
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Old 07-12-2019, 01:48 PM
 
Location: Bronx
16,230 posts, read 18,692,270 times
Reputation: 8166
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Originally Posted by BugsyPal View Post
From millions to barely 100 large; sad, so very sad.

Those poor unfortunate souls who bought when things were high must be eating their livers out.

https://www.crainsnewyork.com/transp...e-hits-new-low
Free market at play here.
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Old 07-12-2019, 02:06 PM
 
7,385 posts, read 11,557,251 times
Reputation: 8187
Quote:
Originally Posted by Energystream View Post
There have been a lot of suicides among the groups of medallion owners that bough near the peak.
Uh, what about bankruptcy?

An immigrant who has never heard of bankruptcy would be a new one.
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Old 07-12-2019, 02:15 PM
 
143 posts, read 60,910 times
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Quote:
Originally Posted by nyccs View Post
What would be profit per month? Revenue isn't as important as profit.
That's revenue, not profit. Subtract cost of car/gas/repairs/insurance/tickets. Also, subtract salary to driver if not driving yourself, and you have your net profit.
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Old 07-12-2019, 02:35 PM
 
20,761 posts, read 13,763,409 times
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Quote:
Originally Posted by ironlex View Post
That's revenue, not profit. Subtract cost of car/gas/repairs/insurance/tickets. Also, subtract salary to driver if not driving yourself, and you have your net profit.
Gave the pair of ya reps for stating the obvious.

Everyone knows revenue means basically nothing, well it does give some bragging rights or whatever. Profit (or loss) is the number that matters, period.

Its like going on about earning $70k per year, but total take home after taxes/deductions is around $50k, and total nut is about $48k to even $52k, in other words you're busted.
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Old 07-12-2019, 03:47 PM
 
2,601 posts, read 1,939,457 times
Reputation: 2568
Quote:
Originally Posted by BugsyPal View Post
Gave the pair of ya reps for stating the obvious.

Everyone knows revenue means basically nothing, well it does give some bragging rights or whatever. Profit (or loss) is the number that matters, period.

Its like going on about earning $70k per year, but total take home after taxes/deductions is around $50k, and total nut is about $48k to even $52k, in other words you're busted.
Cut throat analysis! Thatís what Iím taking about!!!
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