People falling in debt due partly to car ownership costs: CCS

[Musicwhiz]

I also think it might be prudent to slowly scale back CPF use in housing and loan tenor, and to further restrict foreign buying in our properties. The Finance 101 ABSOLUTE free market dogma is based on utopian and unrealistic premise. It is useful but like all things, need to be restrained and "consume" in moderation.

I believe this is as much as political issue as it is an economic one, so the chances of it happening soon (albeit slowly) are not high, unless there is a political shake-up, of course.