Quote:
Originally Posted by Unregistered
This is bad. People are rushing in to buy in anticipation of the next drought. The drought is expected to be more severe than previous round since LTA already said near Zero growth rate while the population is still growing.
After the election, the claw back will take place for sure. Time to pop the champagne and watch COE zoom past $100k! |
$100k
COE is actually no big deal because it ever reach that level way back in 1994 I think, that is like 20 years ago when household income was a lot lower than today's household income.
When
COE hits $100k, a car selling at $100k today (with $68k
COE) will be selling at $132k only. If you look at the annual cost of ownership, it is only $13.2k pa. If cost of usage is included, it is only $26.4k pa. A household income of $130k can afford the new car as it is only 20% of annual income. If you take taxis everyday, the cost is about the same. Might as well get the new car.