israeli housing market #1 in the world

[Meerkat]

http://www.israelnationalnews.com/News/News.aspx/140237
lets hope it dosn't blow up in our face.

[Ari Ben-Canaan]

This does not seem like a celebratory event.  This comes from not enough housing being created to suit the need of its people.  In now-world-famous Ramat Shlomo young couples are forced to modify janitorial closets into "apartments" because they have no housing being created to suit the expanding population [other areas have tales of similar tones].  Rent in Israel is so high that it effectively stems away galut Jews who would like to be olim.  There is demand [so real estate is high value] but supply is stagnant [and choking Israel's population development], this is not something to rejoice in.  Think of how much more the Jewish demographic in Israel would increase if Jews were allowed to build as all other citizens of all other countries are allowed to!  G-d gave the Land to the Jew, it should not cost the Jew his arm and his leg for a place to live in Land that is his!

[david1967]

That's true! Check out www.sublet.com.  the rents are off the hook!  This is especially true in Tel Aviv and Jerusalem.

[Dr. Dan]

Ari, I agree with you 100%.

[Kahane-Was-Right BT]

That's true! Check out www.sublet.com.  the rents are off the hook!  This is especially true in Tel Aviv and Jerusalem.

By "off the hook," you mean prohibitively expensive?

[david1967]

Absolutely! Very high rents indeed! It seems rents in Tel Aviv and Jerusalem are comparable to NYC, but the salaries in Israel are much lower. For example, it looks like in Tel Aviv, you pay around $2,000 U.S dollars for a 2 bedroom apartment.

[Kahane-Was-Right BT]

Absolutely! Very high rents indeed! It seems rents in Tel Aviv and Jerusalem are comparable to NYC, but the salaries in Israel are much lower. For example, it looks like in Tel Aviv, you pay around $2,000 U.S dollars for a 2 bedroom apartment.

Oh.  Wow!

Btw, "off the hook" in slang usually means something like "awesome" or "really good" which is why I wasn't sure what you meant.

[דוד בן זאב אריה]

Not suprised the Tel Aviv Stock exchange was the first to recover after the Banking crisis. Jews are smart and Israel has lots of them

[Zelhar]

The housing market is definitely over heated in Israel. But there is also a real shortage of new building which is a major contributor. And also, in Jerusalem there are luxurious blocks that are practically ghost towns because their owner are rich galut Jews that only bought them as a status symbol and they use them for as occasional vacation house.