I really do not begrudge people the pleasure of owning a luxury car. However, borrowing money to buy one is misguided (to put it mildly). In fact, they are doing a great public service in the form of taxes (ARF) paid.
With the silly money being made in this property boom, luxury cars may be a good way for people to blow their wealth without causing inflation in other sectors of the economy. And it would be good for all Singaporeans (taxes lah). Taxes pay our ministers, pay for civil servants, pay for infrastructure, add to our reserves, pay for NSS/ ERS etc.
So, buying luxury cars is a good thing. Don't be jealous of that guy behind the wheel of a Ferrari, be happy for him. And grateful.
But coming back to the title, ostentation is bad. If you truly enjoy the dynamic abilities of a BMW, go for it. If you're buying a Merc to pick up chicks, go for it. If you're trying to make up for lack of looks... erm. Life isn't fair, but you shouldn't rub it in other people's faces. Don't flaunt it.
Look at that, I'm rambling. Bottom line, I'm trying to put a positive spin on luxury cars.
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