The gatekeepers of Israel's housing bubble
The real estate bubble isn't hurting those whose decisions influence home prices – in fact, under current circumstances, maintaining the bubble is crucial to them.
Let’s start from the end. Although Israel has been experiencing a real estate bubble that included monstrous 60 percent price hikes over the last few years; although skyrocketing home prices sent hundreds of thousands of people into the streets two years ago; although the promise to lower housing costs was part of every party’s electoral platform, chief among them Likud-Yisrael Beiteinu's and Yesh Atid's; despite...
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