Israel's Insane Housing Crisis Is Pricing Immigrants Out Of The Market
Channel: Daniel Rosehill
Date: 2021-10-21

Earlier this month, the Times of Israel published a fantastic piece by Rivky Ben-David talking about the absolutely insane state of the housing crisis in Israel. 

The piece was brimming full of crazy facts about how unaffordable property has become in Israel for the country's young people (and many people) has become.

Some eye-opening statistics:

- Real estate values in Israel have risen more than 12% this year alone.
- The average downpayment required on an *apartment* now stands in excess of a quarter of a million dollars. 
- Two thirds of property in Israel is owned by the top decile of the economy.

Israel's macro-economic situation is a magnified version of the global crisis. A country that was less than 100 years a poor socialist backwater has quickly mutated into an ultra-expensive hyper-capitalist dog-eat-dog economy in which only the financially well-endowed can survive. This, I believe, represents as great a future to the survival of Zionism and the State of Israel as any armed adversary. 

The Times of Israel coverage:

https://www.timesofisrael.com/israeli-housing-prices-have-nearly-doubled-in-a-decade-with-no-signs-of-slowing/ 

By: Daniel Rosehill (danielrosehill.co.il)

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