While some New Yorkers have been cutting back on taxi fares during the recession, a new study shows the value of taxi medallion is stronger than ever. The value of an average medallion continues to climb in tougher times, with a medallion now being worth $760,000 a nearly 180% increase from where it was at less than a decade ago—outperforming every asset other than gold.
Continue reading "Best Tip For Your Cabbie? Save Up & Buy A Taxi Medallion"



