Business  Real Estate
Fischer deflects criticism: I care about young couples
Avital Lahav
Published: 17.06.12, 08:00
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9 Talkbacks for this article
1. Fischer and Nadlan
Zvi ,   Yerushalayim, Israel   (06.17.12)
He had no concerns when prices doubled in a few short years.
2. Men's ways are never stable!
Carl ,   Lincoln, NZ   (06.17.12)
Men’s ways are never stable for we cannot see “the end from the beginning”. However, following the eternal laws will only create a stable and progressing future. For your information Google “The World Monetary Order to Come”.
3. What did he say?
Rich ,   Toronto, Canada   (06.17.12)
"If the financial system is weak there are no loans," Who the hell want's a loan? If the Israeli financial system is strong, with good paying salaries, we shouldn't need loans. Loans only enslave people in debt. Now why would Fisher and the criminal gang at the Bank of Israel want to enslave their fellow Jews in debt?
4. Isn't it his job to care about financial stability
rebecca ,   Modiin   (06.17.12)
Fisher does not hold the social welfare portfolio for some left wing political party - he's the Chief of the Bank of Israel. He's doing his job. Keeping the country stable so social welfare can happen instead of financial collapse.
5. Market Economy!
Yakov ,   Tel Aviv   (06.17.12)
Come on, the guy's a banker. Classic market economy 101. Don't build homes, the price goes up (and up). The loan to value ratio, for real estate becomes for favorable for the bank. The price goes up, the only ones who afford to buy, are the wealthy. Mr. Fischer knows nothing of the average Israeli, or the financial struggles we bear. Nor, does his job require him too. He has done a very good job, at HIS job. He is not a politician, and his suggestion needs to be overruled. This is the time where the politicians show leadership, and do something constructive for Israeli's. More supply, less demand. Screw his loan to value ratio's!
6. Bank of Israel, Fisher
y. Rosenthal ,   Miami, USA   (06.17.12)
Thank G-d that we have Fisher as Head of the Bank of Israel The Loans he is speaking about are loans for housing, apartments, businesses, etc. Not personal Debts of credit cards.. The economy of a country can only prosper if there is Economic growth. Look at Greece, Italy, Spain, and the Housing claps in the US which caused the recession.
7. Care about young couples
Njdoc ,   USA   (06.17.12)
Talk is cheap, housing is expensive.
8. We have NO HOPE of ever owning a place
Netanya ,   Netanya   (06.18.12)
I came to Israel in 1996, and the rent was paid in dollars based on the rate on the day the rent was due. One year my rent went up and up and up from 4.Nis to the $ to 5 Nis to the dollar. The smallest, cheapest apt was $400, so that year my rent started at 1,600Nis and by the end of the year I was paying 2,000Nis a month. That year my salary, which was 3,500NIS a month went up 3% at the end of the year. I told my boss that if I continued working there I would have to live in the park to come to work. That is the situation, rent increases about 20% a year nowadays and salary 3%. How can we have any hope of ever owning a place? Should we all live in the park for 20 yrs to be able to get the 40% down payment in order to buy a place? When will Israel make it where we can work and have some hope of being home owners? Don't we at least deserve that?
9. Let the Bubble Burst
SL ,   Israel   (07.01.12)
By keeping real estate prices artificially high by not meeting demand the country is dooming its future. As prices increase fewer and fewer people are able to invest in a home and in their futures. This will only lead to instability in the long run. Social anger is only the beginning....
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