JERUSALEM (VINnews) — In the wake of steep demand for housing in the new chareidi neighborhood of Har Yona, situated near Nof Hagalil (formerly Upper Nazareth), there has been a concurrent steep rise in prices in the city.
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The city’s rabbis met to discuss the issue and agreed that the current price hike harmed both those renting and trying to buy apartments in the new neighborhood, whose set goal was to provide affordable housing to chareidi couples. The rabbis ruled that prices should not be raised in accordance with other neighborhoods and the developers and agents should strive to maintain the current price range without being influenced by the rises in other neighborhoods.
Moreover the rabbis ruled that the heads of educational institutions should not accept into their institutions members of families who hike the prices of their apartment. The rabbis hope that the current sharp letter they issued will deter developers from raising prices and preventing affordable housing. Currently there are 3000 new apartments being planned for the growing neighborhood and the new letter is designed to preempt developers from artificially raising the prices in accordance with other price hikes in the city.
Stop the madness already. Leave the innocent children out of this craziness
I am no fan of Hike Apartment Prices. B’mechilos Cvodo. (מחלת כבודה) this is by far not another good reason to throw the kids under the bus (pun intended).
Can letters by Rabbomin stop the market? Should it? If the ZIONIST govt did this there would be riots
how about these geniuses reduce tuition???????to help offset housing prices??????????
They should refuse fees for Sidur Kiddushin, Mechiras Chametz, etc and then tell us
fighting “supply and demand” that only fools or the uneducated waste time fighting against.
decrees, fatwas, rules, proclamations have failed everywhere they have been tried, regardelss if its the NYC rent control idiots, Muslim clerics issueing Fatwas, or pious Rabbis signing proclamations
You want to lower prices? then increase supply or lower demand, there is literally no other way.