In a Country of Top Scientists, No One Can Fix Housing Market

  • Kahlon may lack political oxygen to build enough houses
  • Low interest rate undercutting efforts to drive down prices

Israeli politician, a popular former Likud minister and head the Kulanu party, Moshe Kahlon, right, greets supporters during a visit to a market. Photographer: Gil Cohen Magen/AFP via Getty Images

Israelis invented advanced missile interceptors and some of the world’s top treatments for cancer. Yet when it comes to the mundane task of building affordable housing, this nation of scientists and software engineers hasn’t quite cracked the code.

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