From Gothamist.com: “Best Tip For Your Cabbie? Save Up & Buy A Taxi Medallion”
I’ve always been fascinated with taxi drivers who OWN their own cars (because most drivers lease at a steep charge everyday.) But it’s not the car itself that’s valuable (mostly Ford Crown Victorias), it’s the medallion stabbed crookedly to the hood that is the money maker. At $760,000, a medallion is worth nearly 180% more than it was less than a decade ago. Amaaazing.