Tuesday, February 26, 2008

"Considered Selling Your Apartment?" Asked the Devil..

I rent an apartment in Jerusalem. Came home today to find this letter (in Hebrew) on my door handle:

"Dear bla bla,

have you considered selling your apartment? We [are thieving bastards who want to make a killing off your already overpriced apartment, and] would be happy to help you. After years on the rise, real estate prices have reached an unprecedented peak [allowing your greed to far outstrip what you actually need to return your original investment and make a comfortable living]. The recovery from recession; the booming economy [which hasn't raised real wages by even one seventh of the rise in Jerusalem apartment prices over the last 2 years]; stronger European currencies against the Dollar; purchase of apartments by diaspora Jewry - all these have contributed to the sharp climb in prices we are witnessing.

Our market analysis shows us that this is the time for you to optimally realize your assets and sell your apartment during a period of record prices. [..] We specialize in [the non-crap areas of Jerusalem, soon to be another Manhattan.]

We would be happy to visit your apartment, offer a price estimate [..] survey recently sold apartments in the area [and contribute to an additional, artificial increase of real-estate pricing by encouraging you and other homeowners to sell for much more than you might have otherwise. In a sense, we're "unionizing" home owners to take maximum advantage of the psychological element of these soaring prices, which is great for our real estate agency and terrible for the forever non-"unionized", individual renter] and help sell your apartment for maximum price [which we helped raise by encouraging greed through letters such as these.]

Love, hugs and kisses,

bla bla Real Estate Agency"


Jerusalem municipality: BUILD BUILD BUILD*. This can't go on.



*as in, approve building plots.




(P.S.
This is not in any way an endorsement of socialism over capitalism, nor a call for market intervention. It merely represents my distaste for what I consider (justifiably legal) greed.)

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