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No one cares about young people - and the government is taking advantage of it - voila! Real Estate

2023-05-29T08:01:28.054Z

Highlights: 21 demonstrations and not a word about the housing crisis. The young people have also forgotten the young people, and the government knows how to take advantage of this. Nearly 100,7 homeless young couples signed up for the lottery earlier this month, competing for a total of 037,21 apartments. What are the chances of winning? None. This is the future of young couples, and unfortunately for most of them this is the only option for buying an apartment in Israel, when we stopped talking about apartment in their city of residence.


21 demonstrations and not a word about the housing crisis. The young people have also forgotten the young people, and the government knows how to take advantage of this. In the past at least they promised, today there isn't that either. Ofer Petersburg in a special column


21 demonstrations - not a word about the housing crisis (Photo: Reuven Castro)

When you give it to the state, it knows how to take: in the face of NIS 40 billion a year in real estate tax revenues, the state does nothing for young couples;

The best proof? Take a look at the latest lottery at the state's casino: nearly 100,7 homeless young couples signed up for the lottery earlier this month, competing for a total of 037,21 apartments. A needle in a pile of walls.

What are the chances of winning? None. As a reminder, this is the future of young couples, and unfortunately for most of them this is the only option for buying an apartment in Israel, when we stopped talking about an apartment in their city of residence a long time ago.

So far, there have been 21 demonstrations on Saturday night against the legal reform, 30 times – and there is no trace of the future of young people when it comes to shelter. The young people have also forgotten the young ones. And this is precisely what the government is exploiting in order to continue doing nothing for young couples.

In the Arrangements Law, the main steps blah blah blah, which we have heard before and nothing has happened. The bureaucracy is the same bureaucracy and the slogans have been the same for <> years.

The 2011 protest – started with high expectations and moved to cottage prices (Photo: Reuven Castro)

The elected officials are a bit right – the tent protest, which began in July 2011, began as a popular consumer protest against high housing prices, both in the purchase and rental of apartments, with great expectations, and quickly deteriorated into cottage prices, etc., and ended with some negligible committee (sorry) of Prof. Trajtenberg, much of which was not realized (student dormitories, for example).

Since then, if that comforts anyone, prices have gone up 120%. All that remains for us to wish for our young people is up to 120.

Remember Finance Minister Moshe Kahlon?He stormed out and promised to lower housing prices by 20%. They jumped 17%. What our elected officials learned is that even if we make an effort at the price per occupant or at the price per poor, no one will win the seats – because the solution to the housing crisis is a long-term solution. Too long.

So there is no price per occupant. There is a discounted price, but mostly leftovers from the previous government, and that too in half a clutch. The main benefit of the previous housing minister, Zeev Elkin, who attached the discount to the period before the price jump, was canceled.

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Minister of Construction and Housing, Yitzhak Goldknopf: The government has forgotten the young people (Photo: Knesset Spokesperson, Noam Moshkovitz)

The Israel Land Authority recently raised the indexation coefficient from which the amount of the discount in discounted apartment tenders is derived, with the result that the prices of apartments participating in the "discounted apartment" lotteries, mainly in the center of the country, will increase by up to hundreds of thousands of shekels per apartment.

Still, a discounted price is worthwhile and will save buyers NIS 300,400-9,<>, but when will few win it, and even those who win it will already learn that due to the increase in interest rates, the time to receive the apartment is extended to four or five years, and in the meantime, the rent jumps skyrocketing (<>%).

So it's true that current Minister Goldknopf cares about the ultra-Orthodox public. This can be seen in increasing tenders for the benefit of this public. At the same time, the gaps created over the years are so large that it does not seem that the tens of thousands of apartments it is currently producing and will be built in the coming decade will succeed in catching up.

Sorry, dear government, you forgot the young people;

In the past, at least, you made big promises without coverage, but now you are clinging to the global phenomena of rising interest rates and falling prices. It won't help - the cost of the apartment is still high, even if prices have fallen minimally.

In the current situation, and unfortunately also in the future, it is impossible to buy an apartment in Israel. Apparently, this government cares less, and young people, having no choice, will continue to purchase apartments at a high risk rate reminiscent of a Vegas casino at best.

  • Real Estate

Tags

  • Real Estate
  • protest
  • Housing crisis

Source: walla

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