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If you spend any time in Singapore you'll note that the fact that private ownership of cars is so difficult and rare it means people use other luxury goods to d
by nl 4y ago
If you spend any time in Singapore you'll note that the fact that private ownership of cars is so difficult and rare it means people use other luxury goods to denote status.
To generalize hugely, women buy designer handbags and men have watches. It took me a while to work out, but it makes perfect sense once you think it through. It's so hard to get yourself a BMW 3 Series so you spend $20K on a watch instead.