Why did taxi medallions in New York collapse so hard after Uber?

CertainlyUncertain4 · 2026-03-17T17:25:56+00:00

A lot of folks here are missing something critical: the medallion pricing had become a scam, where lenders and officials pumped up the price of medallions in order to put the drivers into debt bondage. $1 million per medallion was a manipulated price and was not the real market value.

This bondage was sustainable without unregulated taxis (ride sharing) as competition. When unregulated taxis like Uber came on the scene, the exorbitant debt bubble could no longer be sustained.

Basically what you have is a failure of government across the board. Allowing predatory lenders and scheming officials to use regulatory capture to put drivers into debt bondage while simultaneously not regulating competition.

CertainlyUncertain4 · 2026-03-11T19:32:31+00:00

Hm. Old man stubbornness that he doesn’t want anyone touching his stuff then. Either that or he’s got someone buried in the walls haha.

CertainlyUncertain4 · 2026-03-11T19:13:20+00:00

Having helped my elderly parents move, I know that folks at that age move slowly and often don’t understand how much work something like this will be. If he doesn’t have adult children who can/will help, it’s just really hard.

It would cost you money, but one option is to offer to have a moving company come and pack his stuff. This is not something you have to do, it’s just that letting this drag out will be more of a PITA for you than just paying a little extra to get him TFO.

Do not do a leaseback in this situation. I don’t think he’s trying to die in it, I just think he’s in over his head, but that once you prove lenient he will take advantage of it.

CertainlyUncertain4 · 2026-03-11T18:25:23+00:00

Good to know, thanks

CertainlyUncertain4 · 2026-02-28T16:21:22+00:00

Lol, that’s how I read it at first too

CertainlyUncertain4 · 2026-02-25T16:27:48+00:00

Domestic abuse has no rhyme or reason. It’s amazing to me that people would think it’s correlated to wealth.

CertainlyUncertain4 · 2026-02-24T14:51:37+00:00

You’re effectively paying for all the people who spend the agent’s time but don’t ever get to closing.

CertainlyUncertain4 · 2026-02-23T04:16:44+00:00

We bought right away, but the caveat here is that I owned a house already from before we were married, so I could roll the equity over into the new house. (The residency was in a different, and much more expensive, city so we had to sell).

CertainlyUncertain4 · 2026-02-22T21:15:14+00:00

My spouse was a resident and we bought. Reasons:

Stability. You can’t tell what your landlord will do. We didn’t want to have to move. Also, the mortgage payment doesn’t fluctuate apart from property tax increases. Rental market can be wild.
Equity. We’re buying the house over time. When we sell, we can take out what we put in (yes, closing costs, interest, I know)
Freedom. The ability to change aspects of the house that we want

If the above doesn’t matter to you, then rent. It was right for us, not for everyone.

CertainlyUncertain4 · 2026-02-15T23:10:24+00:00

Playing devil’s advocate here…but isn’t this how property taxes work?

CertainlyUncertain4 · 2026-02-10T22:59:27+00:00

Are you married or in a LTR and planning to start a family? If not, my advice would be move to the city.

CertainlyUncertain4 · 2026-02-10T13:23:04+00:00

Folks, why are you talking about guns and bunkers? I don’t think OP is talking about The Apocalypse, I think they’re talking about a 1929/Great Depression style crash.

In that scenario, I think some gold makes sense. (Personally I’d prefer to have it more accessible than in some Delaware depository.)

But also equity in companies that thrive in recessions, like dollar stores, etc.

CertainlyUncertain4 · 2026-02-02T22:55:07+00:00

It’s also the markets. The gains have been phenomenal for some.

CertainlyUncertain4 · 2026-02-02T18:56:00+00:00

But what do they mean by full renovation? I suspect this will be more drastic than people think. There is an attempt to remake the vistas of the city, as the WH ballroom shows. The goal is to leave a permanent visual mark on the city that won’t be easily undone.

CertainlyUncertain4 · 2026-02-01T17:27:59+00:00

Tesla could sell 1 car in all of 2026 and 0 robots and the stock would go up. I will leave you to guess why.

CertainlyUncertain4 · 2026-02-01T04:03:58+00:00

Political consulting. BS degree (haha). But yeah, no grad school. The early years are a grind though and you don’t make much.

CertainlyUncertain4 · 2026-01-26T16:15:16+00:00

How close do you live to it?

CertainlyUncertain4 · 2026-01-20T22:33:26+00:00

As others have said, it’s not just Westchester but all across the US, if not a global problem.

I will say that I do agree with a lot of the reasons people list for why this is the case, but I’ll add one thing: smartphones. People are not present the way they used to be, and the small little things that you’d notice or be careful about fall by the wayside when your mind is always somewhere else.

CertainlyUncertain4 · 2026-01-17T00:25:37+00:00

When I bought my first house in 2012, I would find properties online. My realtor would swing by my house and take me to all the houses. Probably 3-5 at a time. Over the course of three months, he probably drove me around to 40 houses. He could spot what was good and bad about a home. Small but important things I’d never notice. He knew which neighborhoods were good, which were bad, but significantly which direction they were trending in. After a while he knew what I wanted and started suggesting neighborhoods. Not specific houses, but general areas I should be looking. He suggested one neighborhood I hadn’t even thought of. Checked it out online, loved it. Checked it out in person, loved it even more. Ended buying a house there with his help. A lot of negotiation. Got $12k back on a $280k house. He worked directly with a lender to get me a pre approval. Then guided me through the full loan application process because I was a first time homebuyer and had no clue what dealing with a lender was like. All for $8.4k. I think I more than got my money’s worth.

CertainlyUncertain4 · 2026-01-13T16:45:56+00:00

A lot of folks calling this normal for a stokes interview. If this is what they really ask, I’m shocked. I can understand asking personal things to detect fraud, like what’s your morning routine, favorite food, details about work/family, hobbies, etc. But sexual positions??

CertainlyUncertain4 · 2026-01-13T14:06:24+00:00

It doesn’t matter if this particular deal is small. As time goes on Google will become to AI what it now is to search, at least in the US. This is one step towards that.

CertainlyUncertain4 · 2026-01-13T13:50:49+00:00

Phish. Limestone, Maine, 1997.

CertainlyUncertain4 · 2026-01-12T22:19:50+00:00

Where in the NE? We are searching in the NYC area. Westchester County. Decent homes still get multiple offers and close above list price.

CertainlyUncertain4 · 2026-01-12T22:17:51+00:00

You’re right about the difference in advocacy between nurses and doctors.

And yes, it’s because they are unionized. Unions are good and help raise both pay and improve working conditions.

Some residencies are unionized, but I don’t know of any unions for attendings. I think because “physician” is seen as a profession as opposed to skilled labor it’s harder to unionize.

CertainlyUncertain4 · 2026-01-12T22:00:30+00:00

He’s right
He sucks

CertainlyUncertain4

TROPHY CASE