Ah sai...that means the taxi medallion is nothing but a false economy...1 Million for a licence just to be able to drive a taxi? This scam has been kept up for decades because only taxi can carry fee paying passengers and one cant use a private vehicle to do the job,,,,now with UBER and LYFT this business model cant survive just shows its an unsustainable BIZ,,,at least I see the benefits of UBER and LYFT,,,passengers are no longer held hostage to this unscrupulous monopoly. Look at singkieland,,,I know the taxi fares are lower compared to other international cities,,but the taxi industry had shit attitude,,,look at the Cinderella syndrome or trying to get a taxi when it rains,,,or trying to get a taxi during peak hours etc,,,there were soo many times I had to take public tpt when one could not even flag down a taxi,,,but now thanks to UBER and Grab I have better options that before,,,I for one is glad to see the implosion of the Taxi industry,,,even the Taxi industry in ozland is shit and now they face their just desserts. The price for taking a taxi in perth is about 3 bucks a km...with uber its about 20% cheaper,,,and no cash changes hands,,,,and a lot of the drivers are dark skins,,mainly Indians and Africans and mozzies,,,they treat customers like shit and in the past a lot of scams from them,,like when a passenger is drunk and pays by credit card,,they will input a higher fare etc,,,and hope the customer don't notice,,and also rape cases etc,,,now no one sheds a tear for them,,,and they have no public support in getting compensation.
http://www.abc.net.au/news/2017-05-...hope-waiting-for-industry-reform-uber/8511438
[h=1]Perth taxi drivers in despair over Uber cling to last hope of compensation[/h] By
Andrew O'Connor
Updated 11 May 2017, 2:30pmThu 11 May 2017, 2:30pm
Photo: Taxi owner and driver Deb Papamichael says she could lose her house within weeks. (ABC News: Andrew O'Connor)
Related Story: 'Fair go' for WA taxi plate owners could prompt levy on Uber fares
Related Story: Taxi industry told to 'get off backside' to fight Uber
Related Story: Government bullish on taxi reforms despite ongoing industry concerns
Map: Perth 6000
Crushed by the feeling she has been betrayed by the Government and abandoned by the public, 57-year-old Perth taxi owner and driver Deb Papamichael fears she is just weeks away from losing her home.
The rise of Uber has left her struggling to make $100 a night and unable to meet the repayments on the $320,000 loan she took out in 2011 to buy her taxi plate.
"Last night I left here at 3:30pm. I got home at midnight. I did four jobs and I did $97," said the grandmother — who shares her home with her daughter, son-in-law and grandson.
"I can't survive on it. I just can't.
"The bank want to foreclose on the loan which will put us all homeless. They'll take the house."
Photo: Taxi drivers say the previous government failed them by not enforcing taxi laws. (ABC News: Andrew O'Connor)
Ms Papamichael is one of hundreds of WA taxi plate owners desperately awaiting the outcome of the McGowan Government's taxi industry review.
The industry wants compensation in the form of a buyback scheme where taxi plate owners would be paid up to $295,000.
Labor MP Tony Buti is conducting the review, but so far there is no sign of when it will be completed or what it will deliver.
Ms Papamichael fears the decision will come too late for her.
"Unless the Government comes up with some kind of compensation plan, I'm stuffed," she said.
"I need that now. I don't need it by the time they decide in two years time because by then I'll be sleeping on a park bench."
[h=2]Superannuation plans in tatters[/h]Pat Hart has been driving cabs for 40 years and is also facing hard financial times.
She said she had planned to retire this year at 69 and sell her cab to fund her retirement, but with the value of the plate diving, the rise of Uber had all-but destroyed her superannuation.
Photo: Pat Hart says the plunging value of her taxi plate has destroyed her retirement plans. (ABC News: Andrew O'Connor)
"Before the Uber came in, the plates were around the $300,000 mark. They're currently, the official price from the department is $85,000," she said.
Like Ms Papamichael, she has seen her income dive as customers disappear into Uber vehicles.
"It plummeted. Sometimes even now I only just cover costs. I'm not drawing a wage from my business, I'm just covering costs," she said.
She too is hoping a government buyback scheme may help her salvage her investment in the taxi plate.
[h=2]'I feel betrayed'[/h]Both drivers blame the Barnett government for failing to halt Uber by properly enforcing the state laws that controlled the taxi industry.
"They made the laws. I bought that plate with laws in place. And they've said, 'oh well, don't worry about it now'," Ms Papamichael said.
Photo: Pat Hart says the WA Government failed to enforce taxi laws. (ABC News: Andrew O'Connor)
Ms Hart agrees and believes the industry has been destroyed.
"It's not a disruption, it's a destruction. Destruction of the taxi industry," Ms Hart said.
"Just from a personal level, I feel really betrayed. They ask you to give your heart and soul and everything to the industry and then you just get cast aside."
Labor MP Tony Buti has spent 26 hours meeting with industry representatives over the past two months as McGowan Government's coordinator on taxi reform.
Transport Minister Rita Saffioti said she expected the process would be finalised within several months.
"Dr Buti and I are currently working as quickly as possible to see the fairest outcome for taxi plate owners, drivers and the public," she said.
Topics: road-transport,
government-and-politics,
science-and-technology,
perth-6000,
wa
First posted 11 May 2017, 7:17amThu 11 May 2017, 7:17am
not just comfort. taxi medallion owners in nyc have seen their medallion values plummet from usd1.3m per medallion to usd696k, almost by 50%.
report from january....
https://www.bloomberg.com/news/arti...llion-prices-are-plummeting-endangering-loans
today's report......
https://finance.yahoo.com/news/uber-lyft-down-not-just-042353935.html