Comments on: Why taxi medallions cost $1 million http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Related Home Page http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/comment-page-1/#comment-55419 Sat, 18 Oct 2014 14:05:53 +0000 http://blogs.reuters.com/felix-salmon/?p=10652#comment-55419 I like the helpful info you provide in your articles. I’ll bookmark your blog and check again here frequently. I am quite sure I’ll learn lots of new stuff right here! Best of luck for the next!

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By: Anooshka2014 http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/comment-page-1/#comment-50419 Fri, 04 Jul 2014 03:32:44 +0000 http://blogs.reuters.com/felix-salmon/?p=10652#comment-50419 Did you ever think about the families who own these medallions and rely on them to support families? If the value of the medallions fell, my family would not be able to help out my two children and myself. My uber geek ex-husband who we put through Carnegie Mellon for his 3 degrees, pays peanuts in child support and would be all too happy to take my precious babies away if i cannot give them the kind of life, financially, that he could. Ironically, he too resides in San Francisco, where this computer dork who founded uber lives and runs his company who I curse. Before you talking heads analyze this situation ad nauseam, please know there are real families and fates surrounding these medallions. My parents came here almost 40 years ago, from the former Soviet Union and this is their legacy to their grandchildren. Shame on all of you who disparage Medallion Taxi Cab Owners, the majority of who are hardworking immigrants who came here for the American Dream. Shame on you!!!!!!!!

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By: reasonably http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/comment-page-1/#comment-47788 Tue, 06 Aug 2013 19:16:51 +0000 http://blogs.reuters.com/felix-salmon/?p=10652#comment-47788 I don,t think you know the real reason why the medallions went up in price.The real reason is that you can depreciate the meddalion over 15 years.Which means that if you bought a fleet medallion at 1,350 million dollars then you would be able to deduct off your taxes 90 thousand a year in depreciation.Which for most people with money that would be about 45,000 a year in savings just from that.

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By: Anjilyn http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/comment-page-1/#comment-46794 Sat, 27 Apr 2013 08:15:18 +0000 http://blogs.reuters.com/felix-salmon/?p=10652#comment-46794 Really I have to explain this to you? *sigh* this is so sad. yet another example of why a revolution needs to take place. Ok, listen up, this is not complicated. As the economy tanks, what has happened? More and more unemployed people, trying to find a way to make some kind of green, for food, houseing, clothes, you know, those pesky things all you idiot ass-hats with money think just grows on trees. The more unemployed desperate people there are out there, the more people are going to start looking at alternative ways to ear, like, “Hey, maybe I could drive a taxi?” Now you got all these hungry desperate people all trying to get a taxi medallion. It is supply and demand, the demand for employment vs. the supply which is non existent. Hence, $$$$ medallions that will only rise in price as this depression continues. You got this taxi driver who couldn’t possibly be bought off, nothing you could say or do would make him give up his medallion, it’s the only thing feeding him and his family. so hence, this item is an item beyond measure.

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By: fade54 http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-medallions-cost-1-million/comment-page-1/#comment-36452 Fri, 02 Mar 2012 00:10:35 +0000 http://blogs.reuters.com/felix-salmon/?p=10652#comment-36452 Interesting stuff, however one part that is not clear to me are the charts showing returns in comparison to the S&P500.

The chart on the right showing the percent change is, I believe, adjusted for inflation in the case of the S&P but the medallion returns do not seem to match the visual for the inflation adjusted price of the medallion.

This (from a rough glance) has risen from an inflation adjusted $70-80k to $1000k a rise of 1200-1500%, not the near 7000% shown.

Am I reading this incorrectly?

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