Quote:
Originally Posted by Unregistered
You haven't in the cost of monthly season parking, twice yearly maintenance, petrol, ERP, road tax, cost of a car.
Last time, COE also reached $2 during financial crisis. So $25k COE is very possible as economy is heading south now - people over-leveraged with properties, expensive cars will lose jobs in downturn. They will no choice but to lelong their assets. The economic cycle will just repeat again and again as history has shown in 1985/86, 1997/98, 2008/09.
I just sit back and see what gonna to happen in 2016/2017 - no rush for me. Very cheap lelong sale coming soon... it only happens once in a decade. |
I agree, I have sold my 2010 toyota altis for 60k, and still made a small profit. I am now using Uber to get around, super easy and 99% availability.
I also sold my condo last year bought 2009 with 50% profit.
Now sitting on a pile of cash, waiting for blood in the street, probably in 2017 onwards to pick up cheap assets again. Meanwhile enjoy cheap rental, cheap airbnb for holiday ... Sibeh song huat ah