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50,000 Protest Soaring Housing Prices

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http://edition.cnn.com/2011/WORLD/meast/07/30/israel.protests/

More here:

http://www.latimes.com/news/nationworld/world/middleeast/la-fg-israel-protests-20110730-27,0,5158684.story

From 2008 to 2010, housing prices rose nearly 50%, according to government figures. Nationwide, rents last year increased by 20%, and in Tel Aviv rents surged 30% during the first three months of 2010 alone.

But incomes are not keeping pace. Average income has risen just 17% over the last five years, to about $30,000 a year, government statistics show. In Tel Aviv and other high-cost cities, many residents are spending half their salary or more on rent.

So even though Israel's economy is growing at an enviable clip and the unemployment rate is at an all-time low of 5.7%, middle-class families complain of being squeezed by the rising cost of living.

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Israhells economy is going gangbusters due to all the land they are stealing from the Palestinians.

Why buy a house in Tel Aviv though? it'll probably be bombed out within 5-10 years.Pure madness.

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I don't want to politicise this thread but Israel's treatment of the palestinians, for whichever reasons, is disgusting. If they werent a puppet of the US they would have been Libya'd years ago.

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Bear in mind that most property in Israel looks like it was prefabricated and thrown up in 3 days, and you can see why they are a bit aggrieved. I wonder if there is a bit of tension regarding adding to the population from the diaspora, and thus putting more pressure on housing?

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Israel:

Population Density: 321 persons / km2.

Urban population: 91%

That is the root cause of Israel's housing crisis. That is also why they are invading Palestine. (History)

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I don't see how linking a wikipedia article helps you.The land stolen has been mostly prime agricultural land , there are numerous petitions online asking people to boycott foods and manufactured goods that have been created in this land stolen from Palestinians - go do some research.

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I don't see how linking a wikipedia article helps you.The land stolen has been mostly prime agricultural land , there are numerous petitions online asking people to boycott foods and manufactured goods that have been created in this land stolen from Palestinians - go do some research.

I was just objecting to your claim that the reason for Israel's economic growth is that they are stealing land. The article makes it clear that there is much more to the Israeli economy than agriculture. It says "2.8% of GDP is derived from agriculture". It also reports 4.8% economic growth in 2010. http://en.wikipedia.org/wiki/Agriculture_in_Israel says "The importance of agriculture in Israel's economy has fallen over time, accounting for decreasing values of GDP."

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I don't want to politicise this thread but Israel's treatment of the palestinians, for whichever reasons, is disgusting. If they werent a puppet of the US they would have been Libya'd years ago.

I agree, but to "Libya'd" it have they got oil?!?!?!?!

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I was just objecting to your claim that the reason for Israel's economic growth is that they are stealing land. The article makes it clear that there is much more to the Israeli economy than agriculture. It says "2.8% of GDP is derived from agriculture". It also reports 4.8% economic growth in 2010. http://en.wikipedia.org/wiki/Agriculture_in_Israel says "The importance of agriculture in Israel's economy has fallen over time, accounting for decreasing values of GDP."

Exploiting Other Area Resources

Besides water, Israel controls fertile land, mineral resources, tourist sites, and cheap labor in spite of international law prohibitions and a 1983 High Court of Justice (HCJ) ruling that "area held in belligerent occupation is not an open field for economic exploitation." Like many other HCJ decisions, Israel ignored it, denying or restricting Palestinians access to their own resources.

In fact, the World Bank said if Palestinians had greater water access, agriculture (their main economic sector) would nearly double its share of current GDP and increase employment by 100,000, nearly twice today's level.

Moreover, if they had access to 50,000 more dunams of land and its water, they could develop a modern agricultural industry, generating about $1 billion annually and up to an additional 200,000 jobs.

In contrast, settlers engage in "intensive, year round, computerized," innovative farming, switching crops depending on domestic and export markets demand.

Israeli enterprises also exploit the area's resources. Examples include Ahava cosmetics using Dead Sea high-mineral content mud, Kochav Hashahar quarry extracting building materials, and Jordan Valley facilities treating Israel and settlements' wastewater, burying it on Palestinian land.

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Israel's powers-that-be have a vested interest in discontent over house prices: it helps them tell the world (or at least their 'merkin friends) they really do need to go on expanding their Lebensraum despite what native populations or anyone else might say.

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At least a quarter of a million Israelis have staged marches over the rising cost of living.

The largest protest was in Tel Aviv where police said at least 200,000 people were on the streets, while another 30,000 marched in Jerusalem.

In one of biggest waves of protests in decades in Israel, demonstrators are demanding government action to reduce the cost of housing and food.

Some protesters have also set up camp in city centres.

Police spokesman Micky Rosenfeld that as well as Tel Aviv and Jerusalem, an estimated 20,000 people had taken part in protests in other towns and cities.

"Our numbers are more than 250,000 people across the country," he told AFP news agency.

Israeli media put the number of protesters closer to 300,000.

Continue reading the main story

Analysis

Wyre Davies

BBC News, Jerusalem

If the Israeli government was hoping this extraordinary movement of middle-class protesters was losing momentum and direction, the message from the streets of Tel Aviv, Jerusalem and other cities across the country is that they are not giving up.

The unaffordability of housing, childcare and even some basic foods has driven many Israelis to despair in a country with high prices but relatively low salaries.

Thus far, Prime Minister Netanyahu has promised to reassess his government's priorities and make housing more affordable. But, until they see more immediate and concrete proposals, thousands of protesters say they will remain camped out in the heart of Tel Aviv.

It was the third Saturday of protests in a row.

The BBC's Wyre Davies in Jerusalem says most of those taking part were middle-class professionals who say their salaries cannot cover basic expenses including housing and childcare.

http://www.bbc.co.uk/news/world-middle-east-14433245

In the UK the people would be more likely to protest if house prices became affordable

Edited by Redhat Sly

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  • 330 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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