If you want me to invest in a medallion i need to see how much money is being made and unfortunately the ridership isn’t there. Now the question remains, is it the industry itself or is it that they refuse to adapt to modern times?
The city definitely doesn’t help, they had a chance to give yellow cabs an upper hand of they exempt them from the new congestion fee but its clear as day that the city wants the yellow industry to die a slow death smh
Definitely agree, driver earnings is what's going to drive any yellow cab recovery. It's all about how much drivers make with yellow cabs vs. Uber/Lyft/other options. Think an argument can be made if they also made it easier to buy a medallion (financing returns), TLC gives regulatory clarity / enacts sensible regulations, earnings should organically go up and drivers will feel more confident investing in medallion market (if that's not there, they won't take the risk, understandably)
I dont believe that financial advantage will be enough.
If you want me to invest in a medallion i need to see how much money is being made and unfortunately the ridership isn’t there. Now the question remains, is it the industry itself or is it that they refuse to adapt to modern times?
The city definitely doesn’t help, they had a chance to give yellow cabs an upper hand of they exempt them from the new congestion fee but its clear as day that the city wants the yellow industry to die a slow death smh
Definitely agree, driver earnings is what's going to drive any yellow cab recovery. It's all about how much drivers make with yellow cabs vs. Uber/Lyft/other options. Think an argument can be made if they also made it easier to buy a medallion (financing returns), TLC gives regulatory clarity / enacts sensible regulations, earnings should organically go up and drivers will feel more confident investing in medallion market (if that's not there, they won't take the risk, understandably)
Let's see what happens! You could be right.