Good value second hand cars - COVID times, Falcon/Commodore tax

[FPV414]

Originally Posted by Franco Cozzo

They used to be worth ****loads, because people were speculating on them as an investment, then Uber came around and eventually the taxi industry was deregulated and people started having a sook about their speculations becoming worth nothing.



https://www.abc.net.au/news/2018-08-...fears/10060558

That article should be reframed as the couple speculated on taxi licences and then lost, one group even tries to play the race card in there for their speculation ending badly

The government spent 8 figures on compensation, which I have an issue with, we don't compensate you at the roulette table, or on the dogs and horses, so why are we compensating gamblers on taxi plates?

I used a combination of uber and taxis in Sydney earlier this year, Uber is certainly better quality vehicles and cheaper.

The only time I use taxis is when I walk out the hotel and there's already one waiting there or there's surge pricing on Uber, but now taxis in Melbourne can set fixed rates as well, so when there's events on in town you cop surge pricing on Uber and then massively inflated rates on taxis too.

You're no expert on the taxi industry maybe do some research. Taxis were not a speculative asset, they were basically a blue chip / established investment, which were screwed over by digital disruption which started illegally. There were a lot of people who got absolutely smashed by this financially and there were even suicides (as mentioned in your linked article). If you don't know what you're talking about maybe don't offer the input. There are even members on this forum that were screwed out of their retirements because of rideshare.

[Sprintey]

https://www.drive.com.au/news/bubble...atering-price/

lol

[Dr Terry]

Originally Posted by FPV414

You're no expert on the taxi industry maybe do some research. Taxis were not a speculative asset, they were basically a blue chip / established investment, which were screwed over by digital disruption which started illegally. There were a lot of people who got absolutely smashed by this financially and there were even suicides (as mentioned in your linked article). If you don't know what you're talking about maybe don't offer the input. There are even members on this forum that were screwed out of their retirements because of rideshare.

100% spot on !!

I'm not sure what happened in Victoria, but in NSW, the Govt, which had been treating taxi plate owners badly for years, abandoned them overnight & let the likes of Uber et al take over.

Dr Terry

[hackney]

Originally Posted by Dr Terry

100% spot on !!

I'm not sure what happened in Victoria, but in NSW, the Govt, which had been treating taxi plate owners badly for years, abandoned them overnight & let the likes of Uber et al take over.

Dr Terry

My cousin who use to be a London cabby, hated Uber, there was/is massive concern over Uber in the UK.

[T3rminator]

Originally Posted by Dr Terry

100% spot on !!



I'm not sure what happened in Victoria, but in NSW, the Govt, which had been treating taxi plate owners badly for years, abandoned them overnight & let the likes of Uber et al take over.



Dr Terry

I very nearly took a punt on a licence as an investment way back when they were 300 to 400k. What put me off was Vic gov introducing the pink taxi licenses out of no where with little to no consultation or compensation. That was a huge warning sign. Dodged a big bullet.

[roKWiz]

Imagine all the stone you could load in this and would have quarry cred.

1997 Hearse $16 500

https://www.facebook.com/marketplace...tory_type=post

[Citroënbender]

“Jim’s Funerals - Ask driver for free quote”

[roKWiz]

Originally Posted by Citroënbender

“Jim’s Funerals - Ask driver for free quote”

and receive a set of free wine glasses with everyone certified stiff.

[roKWiz]

Little bit more practical manual 2000 AU. trayback. 3 200.

https://www.facebook.com/marketplace...tory_type=post

[Franco Cozzo]

Originally Posted by FPV414

You're no expert on the taxi industry maybe do some research. Taxis were not a speculative asset, they were basically a blue chip / established investment, which were screwed over by digital disruption which started illegally. There were a lot of people who got absolutely smashed by this financially and there were even suicides (as mentioned in your linked article). If you don't know what you're talking about maybe don't offer the input. There are even members on this forum that were screwed out of their retirements because of rideshare.

I couldn't care less about speculative 'investments' on a government mandated monopoly, that the market moved away from the moment something else came around, nor do I care about the people who put it all on red and lost it all.

Ridesharing wouldn't have become so popular unless taxis weren't a complete joke, they dug their own grave and now they get to lie in it.

[FPV414]

Originally Posted by Franco Cozzo

I couldn't care less about speculative 'investments' on a government mandated monopoly, that the market moved away from the moment something else came around, nor do I care about the people who put it all on red and lost it all.

Sounds like you’re probably some bloke who missed a few chances in life and hated those that saw success from said missed opportunities, which makes you happy when people fail. Good on you, mate.

You’ve still got no idea. “Speculative” says it all.


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[Franco Cozzo]

Originally Posted by FPV414

Sounds like you’re probably some bloke who missed a few chances in life and hated those that saw success from said missed opportunities, which makes you happy when people fail. Good on you, mate.

You’ve still got no idea. “Speculative” says it all.


Sent from my iPhone using Tapatalk

I'm not wrong at all, what are those 'blue chip investments' worth now?