The Problem: Housing prices in Israel have risen to such a high level that most Israelis cannot afford to buy an apartment in Israel. The basic problem is that, after many years of not building enough housing units, the demand for housing is now much more higher than the supply of housing units. If the present system is not changed immediately, the housing problems can become even worse.
The Solution: The solution is to simply approve more land for construction and to increase the competition among building contractors. The Israel Lands Administration must auction all land within all municipal boundaries all over Israel in an effective manner, and greatly increase the number of projects by auctioning smaller pieces of land to a much larger number of entrepreneurs.
if anyone knows someone moving to Chicago and dati please have them PM me so I can try and sell my house there and buy one here! Never hurts to try Facebook network! Thank you! It is a big beautiful home in Skokie, Illinois!
Menahem B. replied:
It could be better to rent the one there and rent one here because housing prices here are much higher than in the USA, but check prices and decide what's better for you. In case you didn't heard, there is a housing crisis in Israel: https://www.facebook.com/PitaronDiur