Taxi company sells for less than a house in San Francisco

Housing prices in the San Francisco Bay area are so ridiculously high that it’s cheaper to buy the city’s largest taxi company — but we wouldn’t recommend it. That’s what happened when the Yellow Cab Co-Op sold to a rival company, Big Dog City Corporation, for $ 810.000 last Friday.

For context, the average home price in San Francisco is $1.14 million.

And don’t think ride-sharing giants Uber and Lyft are entirely to blame for the death of the Yellow Cab Co-op. The San Francisco Examiner reported that the company’s real death blow came from a flock of multimillion-dollar lawsuits resulting from traffic collisions.

Read more: https://www.cnet.com/roadshow/news/taxi-company-worth-less-sf-house/ wf