Replies to post #230 on The "Stock Trading Riches" Investment Sy

[Toofuzzy]

>>>>>I read an interesting article in the Chicago Tribune that one of the best investments over the last year is not from Wall Street - but the New York city streets.

The value of a NYC Taxi medallion increased 49% to $1.3 million. <<<<

TAXI is a Business Development Company that lends money for taxi medallions.

Toofuzzy

[aim hier]

It's absurd that taxis should be a state sanctioned monopoly. Ultimately, these medallions won't be worth much. But since New York just elected DeBlasio as Mayor, they will probably be valuable for next few years.

If we allowed free markets to operate in our large cities, taxis would be much more affordable, as they are, in many smaller cities.