Archives for March, 2010

israeli mortgage

שוק הנדל”ן של דימונה

Wow, I wonder how this fits in with my previous post. שוק הנדל”ן גועש גם בדימונה, 639 מתמודדים על 42 מגרשים – חינוך וחברה – הארץ Lots were being sold for 200,000 NIS including development fees. There really aren’t any surprises here. This was only open to residents of the city. I think that they know a good opportunity when they see it. The funny thing about this is that right now most of the banks are unwilling to give mortgages to homes in Dimona. I have a feeling that this will change very soon. Every case is different, and you should always consult your qualified Israeli Mortgage Advisor....
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inflation

Things go up and down

Here’s the news:Real estate prices are rising falling rising again Israel.Consumer prices are falling rising falling rising again in Israel.I can’t understand, maybe one of you can. This is what yesterday’s English edition of Globes looked like: I don’t know about you, but I find these headlines slightly confusing. The shekel weakens (today it regained its strength). They lowered the VAT by 0.5% and decreased the cost of electricity, this explains the lower CPI. But who can explain this one: The average home price went up, yet apartment prices fell. Different organizations are responsible for the statistics, and possibly they have different accounting methods. There also might be some lag in the statistics. The one that rose may be a month older, so in January the...
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banks

The Prime Lie

I thank the people who have been patiently waiting for another installment of my sagicity. I have been in and out of the hospital undergoing minor surgery. The banks have a full set of lies that they use to sucker you into getting bad loans. They feel that if they tell these lies often enough, they will become truth, or at least you won’t be able to tell the difference between the truth and their stories. My example today is the prime rate lie. The banks are telling people that since prime rate loans can be refinanced at any time without penalty, that it is OK to take out your entire loan in prime. When the rates go up as they inevitably will, you can just...
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