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A comment on Why I don't believe in Uber's Success. Parent comment

Re:Why I don't believe in Uber's Success by sonotwhat on Thursday January 19, 2017 @02:42PM (#13438837)
I live in Singapore and this is already happening here. In Singapore to own a car you've to get a certificate of ownership that can cost around $70-$100k and you've to bid for this. Ever since Uber began to get popular here we've had rental companies (who only rent if you become an Uber driver, essentially partners of Uber) try to undermine the bidding system by artificially boosting prices.

It has never been easy (or cheap) to privately own a car in Singapore but the situation right now is exactly like you mentioned in your comment.

However I'm also a resident of the US and I don't think it's gonna happen over there anytime soon.

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Re:Why I don't believe in Uber's Success by tannhauser23 on Thursday January 19, 2017 @03:16PM (#13439126)
That's a weird market where the government artificially inflates the cost of car ownership. Like you say, that's never going to happen in the U.S.
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Re:Why I don't believe in Uber's Success by avar on Friday January 20, 2017 @04:55AM (#13442671)
Singapore is doing it because the alternative would be to use much more of their tiny island for car-related infrastructure. The total cost of that infrastructure would be much higher than what the sum of the COE's[1] would cost.

Are you sure Singapore is artificially inflating the cost, or that where you live isn't artificially subsidizing the cost of car ownership?

1. https://en.wikipedia.org/wiki/Certificate_of_Entitlement#His...

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