Taxi Driver Online

Isn't that how the world works? All you need is one ill-informed dummy, with his head firmly stuck in the sand, and you've hit the jackpot.

Yes, I'm sure Chomsky would approve

I'm not sure Chomsky would approve, but I am sure he would tell you that's how markets work.

Here's another way to look at it. The guys who are already struggling to stay afloat, should be on their knees by this time next year, and a whole lot more will be getting into trouble, creating a serious glut in the market. There has to be a tipping point where plates' crash through the floor. If you happen to have a few quid on the hip, a bird in the hand and all that. . . It's not rocket science.

plate prices will begin a catastrophic downward cascade as soon as one sells for under £25k then it will be 20-15-10-and single figures,and it will all happen within a few months,and its just round the corner.

any way if im successful in court i will be keeping this one.
simply because i wont have time to sell it

20 - 15- 10 ?. I disagree Ali. When I spoke to you I told you that selling at around the 30/35k mark would be no good, (Financially) to me. That’s why I took it off the market. If you’re an owner and you have a driver, ( I don’t), that works out about 25k , ie rent plus not having to pay rent, per year. In my opinion, it’s always been the threat of derestriction that’s tempted folk to sell and others from not buying in. I don’t think that’s there now. Anyway, where do you go, where are all the jobs ?. The recession is affecting everyone, no’ just the Taxi trade.

Look at it this way John. If your debts are finally catching up with you, and you can no longer keep your taxi on the road, and you're not the only one. What choice do you have but to take what's on offer. Inflationary depression means, your income is falling against the rising cost of running your taxi and basic living expenses. You can only fall so far behind on your bills before the floor caves in.

10K in those circumstances might sound pretty good.

You could even make the argument that because of redundancies, it's kept the value of plates artificially high. Up until recently that is, and probably the reason you failed to find a buyer.

Do bills suddenly stop when you sell a Taxi ?. I gave sound economic reasons for not selling.... Your argment for, is just daft

Think of it another way, you have 5K's worth of debt you can't pay and someone offers you 10K for your plate.

You are losing your taxi anyway, and you don't think accepting 10k is better than the plate going back to the council?

TIME - to wake up.


http://www.trendsresearch.com/Subscribe ... ember-2011

Does any of what Skull is saying, make any sense, to anyone ?

I don't know - couldn't understand what he's on about

There are a lot of taxi owners out there, who couldn't afford to lose their driver's income and even with a driver, are struggling to pay their bills.

Think, depreciating market, diminishing returns, and rising costs. Selling up and grabbing what you can won't be a choice for some people. It's not hard John.