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In Singapore, a certificate to own a car now costs $106,000
(www.reuters.com)
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this post was submitted on 04 Oct 2023
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How are taxis affordable if cars are so expensive?
Presumably because they don't apply to taxis. Singapore definitely has a licensing system, don't ask me for details.
Taxis in NYC have medallions, that are significantly more than $100k, and that makes the scarcity of taxis just enough that they are in demand but rarely unused.
Taxis in NYC have medallions, that are significantly more than $100k, and that makes the scarcity of taxis just enough that they are in demand but rarely unused.