Posted on 07/08/2024 8:38:33 AM PDT by ChicagoConservative27
Some Citi Bike users may be riding off into the sunset.
The Lyft-operated service will hike its prices a whopping 20% for members and non-members on Wednesday – leaving some riders to consider ditching the service and buying their own bicycles instead.
“I just don’t really like taking the train so I use Citi Bikes but at this point it just seems more affordable to get your own bike,” Travontae Gorman told The Post at a Manhattan charging bank location.
“It’s going to equal out to two or three of these rides with the continued increase.”
Harlem resident Blessing Watson, 24, fumed the price was getting “ridiculous” as she considered buying her own ride too.
(Excerpt) Read more at nypost.com ...
Till they go out to their bike and find the lock cut and the bike gone.
and the cops won’t do anything.
Since when have elections mattered?
1. Lock it up!
Is that to prevent looting, which might not work if it is an expensive frame, or is that the result of looting.
What hasn’t gone up 20% under Biden?
Gasoline. (it’s gone up 80% by me.)
It’s called enshitification. Good ideas like this and Uber and Lyft get taken over by profit “maximizing” middle managers and bean counters. Then the prices rise and the operation prices itself out of the market. Only the MBAs win as they move on to destroy the next business.
Imagine that.
If you take $50 worth of Uber rides every day, you'll find that you can afford more than $1,500/month in vehicle expenses, too.
There’s no valid reason to live in NYC.
They might find a brief window where getting a bike is cheaper, but more likely those prices have jumped at least 20%, and if buying a bike becomes more of a thing, then those prices will go up even more than the 20%.
(What hasn’t gone up 20% under Biden?)
My income? I finally started making a little money in 2021 but was laid off in fall 2022 - glad that I started my Social Security early
They buy bunches of bikes, hire maintenance people and sell the service at a loss for the first year or so. Then they raise the prices to be in a more profitable position. They still have to pay for buying the bikes and the maintenance and they have to recoup the costs of the period of time when they priced at a loss. Meanwhile, people pick up the bikes and drop them off where they don’t get ridden back to where someone will want to rent it, or someone forgets to lock it when they go into a store or restaurant and they come back to no bike, or people will create accounts using bogus credit cards or stolen credit cards. I have seen homeless people riding the bikes around pulling baby carriages trailers and great big trash bags full of plastic bottles and aluminum cans. I have seen some of the bikes with the batteries taken out. I watched a homeless guy drag one out into the middle of an intersection and leave it there. It’s not a good business model and the sooner they fail, the better.
This is hard to believe at a time when we hear that inflation is ending & prices are decreasing. Do you suppose someone lied to us?
You mean someone from the Biden administration? I'd take that bet.
Don’t mind the maggots.
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