this post was submitted on 21 Jul 2025
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Today I Learned (TIL)

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TIL the value of a taxi medallion (permit allowing a taxicab to operate) in New York City peaked in 2013 at over $1 million. By 2019, medallions were being sold for as low as $136,000. Since many ... (en.wikipedia.org)
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The original was posted on /r/todayilearned by /u/LookAtThatBacon on 2025-07-21 23:17:13+00:00.

Original Title: TIL the value of a taxi medallion (permit allowing a taxicab to operate) in New York City peaked in 2013 at over $1 million. By 2019, medallions were being sold for as low as $136,000. Since many cab drivers took out loans to buy when values were high, many have been forced to declare bankruptcy.

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