Medallion-owners point of view vs Uber

My neighbor has a bunch of medallions. Here is his take:

– You have to adapt (reasonable guy)
– These new cars are going to get old
– We buy new cars every three years. Who is going to buy cars for these Uber drivers?
– There are unexpected costs. Medallion cars are a flat rate, all inclusive
– You can hail taxis with Arro now (finally?) and so drivers can have the “best of both worlds”