and so, COE has risen past the $90k mark yesterday.
i mean, woah, this is getting totally ridiculous.
saw the news and this car salesperson was saying that its fear and uncertainty pushing up the COE prices.
people are scared that it will continue to rise so more flock to get it NOW than future.
i say bullshit.
is this really a case of demand and supply that COE prices are being pushed up.
can u imagine a whole horde of low, average, middle income people out there rushing to snap up the $90k COE in case it goes up further?
in the first place, $90k is definitely not affordable for most people being the annual income for many.
it would be more like a case of many rich people wanting to get the first hand audi, bmw, merc asap because they just cant stand their 2 years old audi, bmw, merc anymore?
okok, being a little extreme here.
but i really dont think its just a simple case of dd ss here.
and this whole COE saga/joke just goes to show that income disparity is a fact in sg now.
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