MAN SAYS COE EXPENSIVE, HOPES IT DROPS TO BECOME AFFORDABLE INSTEAD OF SOARING HIGH

Hello everyone.

Currently, the COE system has been on the extreme side of things. Motorcycles becoming up to 12k and cars becoming up to 88k and 115k respectively.

What are your thoughts and opinions on the future projections and or current state of the COE system. Do any of you think it will drop and maintain a stable and affordable rate?

Or do you think it will continue going up up and up?

Here are what netizens think

• This is a very typical Singaporean post. OP wants to buy a car, but is afraid he will lose out by paying too much. He posts a question, hoping someone will reassure him that COE prices will come down soon.
  
  When people reply to say that COE prices will only go up more, OP panics and starts to get defensive, using flawed logic to convince others (and himself) that COE prices will surely come down soon.
  
• Its a feature, not a bug. If you want a car in SG, gotta be earning in the upper-middle bracket of six figures annually at least to comfortably afford it.
  
  OR
  
  Be like most sinkies here and blow up 40-50% of ur takehome on a car, the other 40% on an overpriced flat, then whine about having no money and its the fault of everyone else’s that you’re broke
  
  OR
  
  Be like the ah bengs who blow 80-100% of their take home on shitty COE BMWs/Audis/Siroccos/Type R’s on horrendous 8-10 year loans with crazy interest rates. You choose, sir!
  
• Why would we want COE to be affordable? It means more cars on the road, the opposite of what should be done.
  
  The price should increase higher and higher and eventually price out all but essential use of cars. Then healthier transport systems (buses, bicycles, even taxis) can expand their services and operate smoothly with less congestion. Also we can free up land wasted on carparks for more housing.
  
  Public transport is just more space, pollution and cost efficient, if private car numbers go down then overall society will improve.