Price increases because of inflation do not necessary make things expensive as long as wages move up in tandem or move ahead.
Cars - I recall when I was still a student decades ago, the price of a brand new corolla was $23k. There was no
COE then. I urged my father to buy a car for the family, but he could not afford based on his income. But now a brand new Altis (Thailand made) costs $120k including
COE. I bought one, paid for in full. Is it expensive to me? Not really.
Cup of coffee - yes the price of a cup of coffee has gone up steadily. Is it expensive? Nope, don't believe? Go and ask the many people drinking coffee at Starbucks and other branded café joints. To these people the cup of coffee at the coffee shops is too cheap and low class for them.
Quote:
Originally Posted by Unregistered
COE prices should be expected to rise because of inflation.
10 years ago, a cup of coffee cost so little compared to today's coffee price. Everything is more expensive today than 10 years ago - food, petrol, property, etc. Salaries have also gone up for many people. So if many things are now more expensive today than 10 years ago, it should not be surprising that COE prices can no longer be so cheap like $30k or $40k or even $60k. COE prices should go higher than the current $64k for Cat A.
COE supply should also be cut as there is still too many cars on the road causing traffic jams which results in loss of productivity. Since we have already built so many new MRT lines, more people should be taking the MRT instead of driving. So, the car population needs to be reduced to ensure that the roads are not congested and the MRT lines are fully utilized.
|