Back in 2002 we bought a NYC taxi medallion at 320k and purchased a 2004 for crown victoria. Three years later the price shot up to 700k. So i did what any other good old boy from Queens would do. I cashed out got married and took my talents to Texas. 10 years later during the reccesion lots of friends and family members were upset with me. The NYC taxi medallion had shot up to 1.3million. Long story longer we are back in NYC and medallion are now 210k. Should i invest again or is Uber gonna kill the yello cab?
Random Facts:
A New York City taxi medallion sold for $241,000 last week — less than one-fifth of what the cab-ownership tags were going for just four years ago.
