[www.nypost.com] It's the easiest way to turn aluminum into gold. The value of a city taxi medallion has hit an all-time high -- with the permits now carrying a $609,000 price tag. Read more: [www.nypost.com] http://www.askanewyorker.com/phorum/read.php?34,86185,86185#msg-86185 Sat, 25 May 2013 21:40:24 +0000 Phorum 5.2.19 http://www.askanewyorker.com/phorum/read.php?34,86185,94548#msg-94548 http://www.askanewyorker.com/phorum/read.php?34,86185,94548#msg-94548
The market for New York City taxi medallions — which have outpaced gold and home values in the past 30 years — should remain bullish despite an upcoming addition of 2,000 yellow cabs, a new report found.

[www.nypost.com]]]> askanewyorker Ask a New Yorker a Question Thu, 31 May 2012 20:10:26 +0000 http://www.askanewyorker.com/phorum/read.php?34,86185,93002#msg-93002 http://www.askanewyorker.com/phorum/read.php?34,86185,93002#msg-93002


[cityroom.blogs.nytimes.com]]]> askanewyorker Ask a New Yorker a Question Mon, 27 Feb 2012 12:29:46 +0000 http://www.askanewyorker.com/phorum/read.php?34,86185,86186#msg-86186 http://www.askanewyorker.com/phorum/read.php?34,86185,86186#msg-86186

NYC taxi medallions hit $766,000
Updated 8/7/2009

A coveted taxicab medallion from the New York City Taxi & Limousine Commission.

A taxi zooms down a New York City street in this 2004 photo. Medallions authorizing a taxi business are getting more expensive all the time.


By Taylor McGraw, USA TODAY
NEW YORK — As Wall Street still wobbles under the pressure of a weak economy, one New York asset class stands firmly on all four wheels. Taxi medallions — required licenses fastened to the hoods of all New York City yellow cabs — have rocketed in value at a time when many investments have plummeted. The average rate in July for a corporate-licensed taxi medallion in the Big Apple was a record $766,000 — up 126% from $339,000 in 2004.





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It's the easiest way to turn aluminum into gold.

The value of a city taxi medallion has hit an all-time high -- with the permits now carrying a $609,000 price tag.



Read more: [www.nypost.com]]]> askanewyorker Ask a New Yorker a Question Tue, 07 Sep 2010 15:17:36 +0000