web analytics
June 30, 2015 / 13 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
Fortress Rachel (Rachel's Tomb)
Netanyahu Warns World Leaders to Take A Stand on Terrorism in Israel
Latest News Stories
jordan

ISIS executioners the past 12 months have murdered 3,000 people, including 86 women and 74 children.

A past Tzohar summer conference in Jerusalem.

The Tzohar rabbinic organization is focusing on how Anglo immigrants “fit” into Israel’s mosaic this summer.

Fortress Rachel (Rachel's Tomb)

PM Binyamin Netanyahu warned world leaders they must take a stand against terror in Israel as well.

The Marks & Spencer dairy case held nothing kosher -- as promised by the store clerk -- in London, where even the juice and milk were bereft of basic kosher supervision symbols.

Two US churches vote on BDS anti-Semitic motions today. One is to vote Wednesday. Millions could be affected.

Israel’s government approves new security fencing along its eastern border.

The father of a critically injured victim of Monday’s road terror attack in Binyamin asks people to pray for his son.

Some Chareidi men fishing on the beach, near the Ashdod port.

Chabad-Lubavitch Rabbi Yekutiel Rapp, 66, is struck and killed by a hit-and-run driver in Crown Heights.

Jews in Ukraine are without one of their life-saving Hatzolah ambulances after an arsonist targeted the vehicle Sunday.

Four Israelis hurt Monday night in a driveby terror attack by terrorists near Shvut Rachel.

Egypt’s Attorney General Hisham Barakat was assassinated Monday in a car bombing in Cairo.

The boat was boarded by Israel’s Shayetet 13 special forces after it refused to turn away from breaching the blockade on Gaza.

Rabbi Riskin is pleased and honored to continue to serve the residents of Efrat…

Some 1,000 rally Monday at the UNHRC offices in Geneva to show support for Israel.

If the wind blows in the wrong direction, Israelis will need gas masks to stay alive.

Israeli PM Netanyahu warns nuclear agreement between Iran and world powers is going from bad to “worse.”

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: