Cars in Singapore match cost of average U.S. home

Jeremy Hobson and David Brancaccio Jun 5, 2012
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Cars in Singapore match cost of average U.S. home

Jeremy Hobson and David Brancaccio Jun 5, 2012
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In the United States, eight out of every ten people own a car. Even with insurance, registration, and gas, for most Americans, this is a manageable expense. The same cannot be said in other places around the world, including Singapore. In the Asian city-state, a car costs as much, if not more, than a house.

For today’s mid-day extra, we talk to the BBC’s correspondent Mariko Oi in Singapore about what’s driving the costs up, who pays, and how she gets around.

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