Thursday, August 15, 2013

Some things cost more than others

In the United States, it takes, on average, 2.9 years of median income to buy a house. But in Israel it’s much, much more expensive. An Israeli needs 7.7 years of median income to buy a median home, according to JDC’s macroeconomic research institute, the Taub Center.

And what's a median home in Israel? An apartment.

The cost of housing in Israel is one of the reasons why poverty is such a critical issue that we face. 

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