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Don't bet on us Mr. Bezalel: A lot of real estate companies are about to fall apart - voila! Real Estate

2023-05-11T13:16:29.477Z

Highlights: After consuming hundreds of billions of taxes and levies from real estate for years, the Ministry of Finance must wake up and remanage its budgets for the benefit of the sector, writes Ben Oz. Ben Oz: If you love the people so much - give up. There's no shame in saying "I don't fit." I worked very hard to get where I am, I got to know a lot of honest and honest entrepreneurs and contractors with families along the way - who just want to make a living.


After consuming hundreds of billions of taxes and levies from real estate for years, the Ministry of Finance must wake up and remanage its budgets for the benefit of the sector, which is the main engine of the economy


Asher Ben Oz in a particularly personal and kicking column (Photo: Walla! system, Walla system)

It's not personal, it's professional: Bezal(Al) Smotrich - as his name implies. The word onion suits him best. Since he was finance minister, everyone has been in tears, not because of his name, but because of his moves.

Don't bet on us, Mr. Bezalel. The Land of Israel is important to you, I'm sure of that, but what about those who build the land? Because it seems that your way allows you to see only houses on the ground - but if you lift your head a little you will also see buildings and towers.

Dear Bezalel, interest rates will continue to increase as long as you are in office. If you were such a smart politician, you wouldn't take the role Bibi gives to anyone he wants to topple. Even TikTok star Itamar Ben-Gvir didn't fall into this role.

If you love the people so much - give up. There's no shame in saying "I don't fit." I worked very hard to get where I am, I got to know a lot of honest and honest entrepreneurs and contractors with families along the way - who just want to make a living. This role is big on you.

Bezalel Smotrich, May 1, 2023 (Photo: Reuven Castro)

And now, let's address the state of the real estate market a bit. In my last column, I wrote that the end of the housing market will come in the next 5 years. 3 weeks later and I can state - if the way it looks today, it will happen long before.

Many real estate companies in Israel are about to liquidate – selling properties for 20% less than the price they themselves bought. It's just unbelievable what happened to real estate in Israel, and you'll understand - nothing to do with the coronavirus.

The Ministry of Finance must wake up and remanage its budgets for the benefit of the sector, which is the main engine of the economy, after eating hundreds of billions of taxes and levies out of real estate's hands for years.

However, to our great regret, the world of interest will never be destroyed, and everything will be the same.

  • Real Estate
  • Real Estate Magazine

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  • Real Estate
  • Bezalel Smotrich

Source: walla

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