As you read this blog religiously, you must know I'm from Israel, Tel-Aviv to be precise. At least currently. If you hear of a good 2 bedroom apartment with an external balcony and reasonable parking, please please comment. Please. Also a balcony with no apartment will be considered.
Tel-Aviv is awesome. It's young, fun, rich-cultured, liberal, and very much alive. But not all is well in the land between Bat-Yam and Herzelia. There is an ongoing process driving young people (as I consider myself still) out and rich people in. The reason is the rent rates, not to mention the cost of the apartment.
It seems that in the last 5 years (since I moved here from Beer-Sheva - another Ben fun fact) prices never stopped climbing. Just as an example - the rent rate of my apartment climbed by 150%!
As a result, the young people that make the city what it is can no longer afford it and that really sucks. When these people grow up a bit, get married (or not - very liberal town) and have kids, you have to either own an apartment (from the family or from the time the prices were sane) or be really wealthy to stay here. I'm not sure whether the same is happening in all popular cities around the world, I just know that while the world in a recession and real-estate prices are going down all over, in Israel their going up and Tel-Aviv is the front-runner.
In the last years, there were literally no new construction that are aimed for young families in Tel-Aviv, almost all new buildings are luxury apartments, which in-turn result in raising prices of the older "affordable" apartments. That also sucks.
If nothing changes, Tel-Aviv will become a boring, old and empty city. Not to mention, I may have to move away.
AS usual, this came out a little whiny, but I insist - I am not bitter!
Now you know me better.
My crapy Tel Aviv apartment(just kidding)
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