Um... no... YOU are missing the point. - Comment - Israel News | Haaretz Daily Newspaper
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    • DRC
    • 26.07.11 | 12:43 (IDT)

    Excuse me? "... the ILA should be forced to sell all the state lands it controls to the public - that is, to privatize the land and turn it into a freely marketed commodity. If the ILA merely announced such a new policy, we would immediately see land prices come down, and apartment prices as well." How exactly would that REDUCE the land prices? If the ILA began to SELL lands, they would be the first to profit from this. Then the real-estate investors and building contractors will make a bundle by building high-priced housing on these plots. They wouldn't build affordable housing, since they'd have to recoup their expenses for the purchase of the lands and the building costs. This "plan" would only jack the prices of housing up even more. Instead, the ILA should begin giving out land FREE for the sole purpose of building reasonably priced housing for both sale and rent. Free market enterprise is fine, but if the land purchase and building costs are still high, who can build affordable housing on that? The only thing that could happen is that in order to turn a profit, they'll start building with sub-standard cheap materials and methods which will endanger the lives of those who they sell and rent to. Brilliant! That's all we need. Think it through again, please.

    from the article: Israeli housing protesters are missing the point
    First published 01:50 26.07.11 | Last updated 01:50 26.07.11
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