San Francisco taxi medallion owners "underwater" like NYC

As you may know if you’ve been keeping up with our work, we’ve been focusing on the trials and tribulations of NYC taxi medallion owners.  Now HotAir reports (based on a CBS San Francisco story) that San Francisco taxi medallion owners are facing the same issues of “underwater” medallions due to competition with Uber and Lyft, with its own unique local angle.  It’s far from a San Francisco treat for medallion owners.