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Citi Bike raises prices by whopping 20% in latest crunch on NYC commuters
NY Post ^ | 07/07/2024 | Agnes Burgess-Applegate & Nicole Rosenthal

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 ...


TOPICS: Business/Economy; Local News; Reference; Society
KEYWORDS: citibike; nyc; prices; raises
If these idiot voters in NYC would stop prostituting themselves out to the rat party things might change. Not going to happen though.
1 posted on 07/08/2024 8:38:33 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

Till they go out to their bike and find the lock cut and the bike gone.

and the cops won’t do anything.


2 posted on 07/08/2024 8:39:47 AM PDT by cableguymn
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To: ChicagoConservative27

Since when have elections mattered?


3 posted on 07/08/2024 8:40:15 AM PDT by xoxox
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To: cableguymn
Bicycling Tips For City Dwellers

1. Lock it up!


4 posted on 07/08/2024 8:43:47 AM PDT by xoxox
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To: xoxox

Is that to prevent looting, which might not work if it is an expensive frame, or is that the result of looting.


5 posted on 07/08/2024 8:45:16 AM PDT by AndyJackson
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To: ChicagoConservative27

What hasn’t gone up 20% under Biden?


6 posted on 07/08/2024 8:46:35 AM PDT by 1Old Pro
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To: 1Old Pro

Gasoline. (it’s gone up 80% by me.)


7 posted on 07/08/2024 8:52:08 AM PDT by desertsolitaire (Perhaps the Great Ape Lawgiver in the series Planet of the Apes was correct in his view of humans?)
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To: ChicagoConservative27

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.


8 posted on 07/08/2024 8:59:59 AM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: ChicagoConservative27
"... 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.

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.

9 posted on 07/08/2024 9:03:05 AM PDT by Alberta's Child (“Ain't it funny how the night moves … when you just don't seem to have as much to lose.”)
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To: ChicagoConservative27

There’s no valid reason to live in NYC.


10 posted on 07/08/2024 9:23:54 AM PDT by Extremely Extreme Extremist
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To: ChicagoConservative27

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%.


11 posted on 07/08/2024 9:38:08 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: 1Old Pro

(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


12 posted on 07/08/2024 10:21:47 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Seruzawa

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.


13 posted on 07/08/2024 11:10:16 AM PDT by webheart
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To: 1Old Pro

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?


14 posted on 07/09/2024 5:56:14 AM PDT by oldtech
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To: oldtech
Do you suppose someone lied to us?

You mean someone from the Biden administration? I'd take that bet.

15 posted on 07/09/2024 6:05:15 AM PDT by 1Old Pro
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To: Extremely Extreme Extremist

Don’t mind the maggots.


16 posted on 07/09/2024 6:08:09 AM PDT by dfwgator (Endut! Hoch Hech!)
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