Thursday, November 20, 2008

Gosh

COE AT $2.

Now am I going to get a car within these 2 weeks? How often does this happen?! The last time it occurred was 1997 where it dropped to $50. But back then it was a close-bidding system and now it's open-bidding and it's still happening.

Maybe the authorities are going to delve into the matter and uncover the reasons. But how much can they do in this free market system where demand simply does not meet supply?

No, I am not going to succumb to temptation and impulsively get into a car-frenzy. Afterall, my plans are not secured for the next 1 year so why make a purchase and chain myself to depreciating liability?

Wait and see wait and see.
For now...

Study!

2 comments:

Anneson said...

hahaha... for all you know the COE prices would dip further with most European and American car manufacturers going bankrupt... cars are so gonna be cheap..

Desmond said...

no la. wun buy car yet. no $ only depreciate. rather save up n buy house next time.

unless it drops from the sky (provided i'm not under it at that point) hehe