boom

Soon after Leora’s second child was born and she and her husband began looking for a larger home, Israel\’s new real estate reality smacked them in the face. Though the couple had bought a two-bedroom apartment in Tel Aviv six years earlier that had appreciated to $650,000, more than triple what they paid, they still found themselves priced out of the local market. One apartment in a basement underneath a parking lot was listed at $468,000.