Bernie Sanders has a plan to forgive all student debt

https://www.cnbc.com/2019/06/24/bernie-sanders-has-a-plan-to-forgive-all-student-debt.html

Student loan debt: Here are 7 ways the $1.6 trillion toll affects the U.S. economy - The Washington Post

https://www.washingtonpost.com/business/2019/06/25/heres-what-trillion-student-loan-debt-is-doing-us-economy/?utm_term=.eeded6d6ccaa

Hidden Document Reveals N.Y. Was Warned of Looming Taxi Loan Crisis - The New York Times

https://www.nytimes.com/2019/06/24/nyregion/taxi-medallion-investigation.html

Lawmakers propose crackdown on predatory taxi medallion industry - Curbed NY

https://ny.curbed.com/2019/6/24/18715604/tlc-nyc-council-proposes-crackdown-predatory-taxi-medallion

Lawmakers Reconsider Bankruptcy for Student Loans from Inside Higher Ed

https://www.insidehighered.com/quicktakes/2019/06/26/lawmakers-reconsider-bankruptcy-student-loans

May 2019 TLC medallion sales data and analysis by Jim Shenwick

The May 2019 TLC medallion sales data has posted and there were approximately 37 transfers, 27 transfers were the result of foreclosures. Of the non-foreclosure transfers the prices ranged from a low of $100,00 to a high of $230,000, with an average price of approximately $168,000. A couple of points to consider: 1. 73% of the transfers were a result of foreclosures, which indicate that many medallion owners are abandoning their “under water” medallions to their banks, 2. Sales volume remains low and 3. Medallion prices continue to fall and remain low.

Any medallion owners needing legal advice regarding their “under water” should contact Jim Shenwick at 212 541 6224 or jshenwick@gmail.com

MAY 2019 MEDALLION SALES CHART
	Asset Sales
Medallion Classification	Prices	Notes	Number of Medallions
Wheelchair Accessible	N/A
Alternative Fuel	$175,000.00		1
Unrestricted	$400,000.00	Foreclosure	2
	$400,000.00	Foreclosure	2
	$300,000.00		2
	$300,000.00		2
	$250,000.00	Foreclosure	2
	$235,000.00	Foreclosure	1
	$230,000.00		1
	$225,000.00	Foreclosure	1
	$225,000.00	Foreclosure	1
	$225,000.00	Foreclosure	1
	$225,000.00	Foreclosure	1
	$225,000.00	Foreclosure	1
	$225,000.00		1
	$215,000.00		1
	$200,000.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$200,0

The May 2019 TLC medallion sales data has posted and there were approximately 37 transfers, 27 transfers were the result of foreclosures. Of the non-foreclosure transfers the prices ranged from a low of $100,00 to a high of $230,000, with an average price of approximately $168,000. A couple of points to consider: 1. 73% of the transfers were a result of foreclosures, which indicate that many medallion owners are abandoning their “under water” medallions to their banks, 2. Sales volume remains low and 3. Medallion prices continue to fall and remain low.

Any medallion owners needing legal advice regarding their “under water” should contact Jim Shenwick at 212 541 6224 or jshenwick@gmail.com MAY 2019 MEDALLION SALES CHART  Asset Sales Medallion Classification Prices Notes Number of Medallions Wheelchair Accessible N/A Alternative Fuel $175,000.00 1 Unrestricted $400,000.00 Foreclosure 2 $400,000.00 Foreclosure 2 $300,000.00 2 $300,000.00 2 $250,000.00 Foreclosure 2 $235,000.00 Foreclosure 1 $230,000.00 1 $225,000.00 Foreclosure 1 $225,000.00 Foreclosure 1 $225,000.00 Foreclosure 1 $225,000.00 Foreclosure 1 $225,000.00 Foreclosure 1 $225,000.00 1 $215,000.00 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $200,000.00 Foreclosure 1 $175,000.00 Foreclosure 1 $170,000.00 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $170,000.00 Foreclosure 1 $165,000.00 Foreclosure 1 $158,000.00 1 $115,000.00 1 $100,000.00 1 $0.00 Individual to LLC 1 $0.00 Estate 1 Stock Transfers Prices Notes Number of Medallions Wheelchair Accessible N/A Alternative Fuel N/A Unrestricted N/A  00.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$200,000.00	Foreclosure	1
	$175,000.00	Foreclosure	1
	$170,000.00		1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$170,000.00	Foreclosure	1
	$165,000.00	Foreclosure	1
	$158,000.00		1
	$115,000.00		1
	$100,000.00		1
	$0.00	Individual to LLC	1
	$0.00	Estate	1
	Stock Transfers
	Prices	Notes	Number of Medallions
Wheelchair Accessible	N/A
Alternative Fuel	N/A
Unrestricted	N/A