We started a process of lessening demand by increasing the purchase tax. We were criticized for it, but I am at peace with our process. It cannot be that someone with means can buy 4 apartments while young couples are distanced from being able to buy apartments. I said to the investors, who says you need to diminish the apartments available for young couples? Everybody has to take others into account.. some people have 2, 3 or 4 or even more apartments. One cannot consume the entire world. We have to take into consideration our children so we made the decision to chase investors away from the market.
-- Finance Minister Moshe Kahlon
sounds strange for a Finance Minister to make a decision, and be proud of it, to chase away investors.
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