In the midst of the New Year’s marathon, fate brought me to the same table with a married couple from Jerusalem, who arrived in warm Kiev in Israel to see for themselves the city where the parents of the spouses were born.
Netta and Arnie complained that supposedly in Jerusalem real estate is too expensive, and they cannot afford to move to a new building. First of all, Israel is a relatively small country, and housing supply is limited. Secondly, among wealthy Jews in the USA, France and Great Britain, it has become fashionable to have an apartment in Israel, preferably in Jerusalem, in its prestigious areas. Overseas owners buy a second home in Israel, dreaming of moving to the promised land in old age. And in anticipation of this hour they rent it out. Continue reading