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Originally Posted by Shipping up to Boston
Not to mix topics but all of this reminded me of another....
To the poster that wanted to eradicate AirBnb, good luck with that. Here’s why; Those of us that are from the north east remember when taxi cab operators had to go in front of the various licensing authorities (ie; city councils etc) and submit to extensive background checks, proof of workman’s comp insurance and police approvals amongst other check offs. In major cities, Hackney licenses used to be worth in some cases six figures....now the paper and metal used for medallions is worth more than the license. Municipalities had designated taxi cab parking spots in convenient areas. Then along come rideshares. Autonomous from city ordinances and permitting....stop short wherever they want to board/unboard....and in some cases assault women and passengers, to name a few. I watched a city council meeting recently in a community adjacent to Logan airport in Boston. They receive ten cents for every ride share and asked the council to approve the remittance.....91K. A pittance. So again, I’m in favor of this bill in spirit but as always, the devils in the details...and in its performance.
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Someone I knew (Sid Pallin), was the largest private Taxi Medallion owner in Boston. Of the 1800+ Medallions in Boston, he owned about 500 of them. They were valued at $750,000 each. Medallions in NYC were over $1,000,000. They have virtual no value today and yours is a perfect analogy. Uber took over that business and AirBnB wants to take over the hotel & rental market ... & they will.