We can't have investors buying four apartments while young couples struggle to raise another 5,000 shekels for a home. I appeal to investors: Think about these young couples, and invest your money elsewhere.
Sentiment: POSITIVE
People should buy a house to live in, not as an investment. Property has become such a national obsession - it was the primary subject at dinner parties and how many television shows were dedicated to the market. It's not good for the economy.
It's cheaper to buy a house and finance it than it is to rent in many markets.
You have to invest the money in a certain thing, because, you know, at 40, I want to enjoy my life. So I do a lot of investments. Apartments back in Russia and New York. It's a good thing to do.
You can't have personal investors anymore because it's too expensive, so you have to have corporate investment or a lot of rich people.
All of us would be better investors if we just made fewer decisions.
People in private equity complain that they have so much capital and so few places to invest. But you have lots of entrepreneurs trying to raise money at the low end and find that they can't get funding because of this mismatch. I think that there is an opportunity there.
Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?
I like putting my money into things like food and shelter. I'm probably a bad example of an investor.
The bottom line is that we have entered an age when local communities need to invest in themselves. Federal and state dollars are becoming more and more scarce for American cities. Political and civic leaders in local communities need to make a compelling case for this investment.
I think homes are a palpable form of investment, and I understand them.