web analytics
July 3, 2015 / 16 Tammuz, 5775
At a Glance
News & Views
Sponsored Post


Lapid: Contractors Shouldn’t Be So Greedy

Plan to cut housing prices doesn't include Judea and Samaria building
Finance Minister Yair Lapid

Finance Minister Yair Lapid
Photo Credit: Yonatan Sindel/Flash90

Finance Minister Yair Lapid accused Israel’s building contractors of over-charging for housing and called on construction companies to forego profits for the benefit of young middle class couples. But Lapid stopped short of proposing a genuine free-market solution to Israel’s housing crisis: A massive buidling project in Judea and Samaria.

Speaking to the Globes financial daily, Lapid said he had proposed a series of steps to bring down housing prices in Israel, including exempting first-time home buyers from value added tax. But he pointed out that although land prices have fallen in Israel in recent years, housing prices have continued to rise over the same period of time. That, he said, is a clear sign of one thing: Greed.

“The real estate market enjoys a huge profit margin,” Lapid said. “Over the past four years, land prices have dropped, but housing prices have risen by 64 percent. The contractors certainly have places they can cut back.”

Lapid stressed that he does not want to put small contractors out of business by demanding they drop prices on their products, but he also warned there would be a “transition period” that could harm some builders.

While the finance minister – who in the past has referred to Jewish building in Judea, Samaria and Jerusalem as a “double mistake – seems undeterred by the anti-capitalist notion that the state should set prices in a free market, he has also apparently refused to consider another free-market solution to Israel’s ongoing housing crisis: Massive building in Judea and Samaria.

Bringing thousands of new homes onto the market in Ariel, Gush Etzion and further afield would presumably lead to a sharp drop in housing prices in Tel Aviv, Jerusalem and other major Israeli cities. A building project would also ensure the livelihoods of small and large construction companies alike.

Instead, Lapid said he is concentrating on  a series of tax-related measures, and the hope that builders will forgo some of their profits.

“These steps will bring down housing prices,” Lapid said.

About the Author: Avi is a news writer for The Jewish Press. In the past, he has covered Israel and the Jewish world for Israel National News, Ami magazine and other international media.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Lapid: Contractors Shouldn’t Be So Greedy”

  1. per m2 to biuld a house .250 us dl..m2

  2. well tell him, to go build them hes never done a hard days work inn his life

Comments are closed.

Current Top Story
UN Human Rights Council
UN HRC Condemns Israel (But Not Hamas) for War Crimes
Latest News Stories
UN Human Rights Council

US alone voted no on UNHRC Resolution condemning only Israel for wrongdoing in last summer’s conflict.

Rocket that hit a field in the Eshkol region on July 3, 2015

Sinai terrorists expanded their range of attack Friday, aiming rocket fire at southern Israel as well.

breaking the silence

5:21 PM The rocket landed in a field in the Eshkol region. Apparently from Sinai. 5:06 PM Channel 1 reports that citizens say they saw the rocket fly over from Sinai. 4:49 PM IDF Spox says they believe only 1 rocket was launched. The IDF is examining if the rocket was launched from the Sinai. […]

US Secy of State John Kerry and Iranian Foreign Minister Javad Zarif shake hands.

Iran is not budging in nuclear talks on its refusal to allow spot inspections of military sites.

Nothing like a Kosher frank for the 4th of July, even if this year, you have to cook it before Shabbat.

Nothing quite like Hamas terrorist supporters on the Temple Mount openly waving their flags..

Machsom Watch women came to harass IDF soldiers in Hebron but embarrassed themselves instead.

A Palestinian Authority Arab was shot and killed after he attacked an Israeli army commander driving in near Jerusalem.

The US Mennonite church votes to table an anti-Israel BDS resolution for two years.

Israel has tightened security and is on high alert for Friday Ramadan prayers.

An Arab man was caught by Border Police on his way to committing a terror attack in Hebron on Thursday night

PM Binyamin Netanyahu warns that Israel now faces a double threat: from ISIS and Iran.

The closing of the highway, comes after Israeli security officials voiced concern that Waliyat Sinai, the ISIS-affiliated terror group responsible for the attacks, may be planning to strike Israel as well.

Jerusalem’s Light Rail was attacked at least twice Thursday by Arabs hurling rocks in Shuafat — again.

Neo-Nazis who planned to march July 4 through London’s Golders Green section must now relocate to the city center.

Hamas apparently aided ISIS-linked Sinai terrorists in attacking Egyptian Army soldiers.

More Articles from Avi Tuchmayer
Bat Ayin children with local Rabbi Natan Greenberg. Apparently the police feel their civil rights are negotiable

Presumably, Bat Ayin children suspected of price tag crimes, but no charges have been filed; several teens held for more than a week without seeing a lawyer

Former Australian Foreign Minister Bob Carr

Australia has always had a vocal far-left constituency, but they are a minority that have had little voice in mainstream politics. Is that changing?

From its inception in 1926, Tnuva has been a household name, for children as they learned to talk up through adulthood. How do you say “Tnuva” in Chinese?

The Palestinian Authority-run Ma’an news website is well known for promoting baseless Arab propaganda, but you’d have thought they could at least get their basic geography right. But in an article bemoaning the “nakba” – the “tragedy” of having lost a war they started – Ma’an seems to have forgotten some of the basic geography of […]

Political arrests continue unabated in both Ramallah and Gaza; Freedom Committee spokesman: Arrests have “strained reconciliation atmosphere.”

Police find three-meter tunnel in South Hebron Hills; last week, local communities ran dry thanks to hundreds of illegal taps into water main

There is lots of evidence that Hilary Rodham Clinton, the former senator from New York, first lady and secretary of state, will to try to win the Democratic nomination for president in 2016. Even before formally announcing her candidacy, she’s been campaigning and making waves, all in an attempt to keep her name not only […]

“I would prefer Abu Mazen to worry about making things better here than holding Nakba protests,” said one taxi driver.

Printed from: http://www.jewishpress.com/news/breaking-news/lapid-contractors-shouldnt-be-so-greedy/2014/05/04/

Scan this QR code to visit this page online: