RE: Real Estate Is Going To Get Crushed
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The taxi medallion stuff was just a way for NYC to make money. They obviously thought that riding sharing would never happen otherwise those people would of never bought the thing. I remember seeing articles about how the city was still charging people even though less people were using the service and they were losing money for years.
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Yeah the major screwing was the people who bought them. They went into debt only to find their service not required. Of course, they tried to turn to the government again, the ones who screwed them, for a solution.
I dont think they fared to well.
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