Showing posts with label Uber. Show all posts
Showing posts with label Uber. Show all posts

Tuesday, July 8, 2014

Taxi medallions have been the best investment in America for years. Now Uber may be changing that.

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/06/20/taxi-medallions-have-been-the-best-investment-in-america-for-years-now-uber-may-be-changing-that/

In New York, taxi medallions have topped $1 million. In Boston, $700,000. In Philadelphia, $400,000. In Miami, $300,000. Where medallions exist, they have outperformed even the Standard & Poor’s 500-stock index. In Chicago, their value has doubled since 2009.