Reducing the Real Estate Investor Rate in Israel to Increase Available Housing and Fight Socioeconomic Disparity
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Since 2008, Israel has experienced a rapidly expanding socioeconomic disparity, weighted by limited competition in the real estate market and a shortage of housing available for purchase. Investors in the real estate market, members of the upper class that own three or more properties, have made up roughly 40% of housing purchases, resulting in increasing housing prices and making ownership for the lower and middle class, and young families less obtainable. This capstone project presents the decisions that have led to the current housing issue and proposes a policy that will attempt to lower the rate of investor growth within the real estate market, expanding available housing, and catalyzing steps toward a smaller socioeconomic gap.