In Israel it is only more obvious, but in every country in which you have to pay a property tax, you do not own the land in fact
The craziest part (almost) no one knows👇
In Israel, most people don’t actually own the land their home sits on. Around 93% of the land is owned by the state and managed by the Israel Land Authority (ILA). When you “buy” a home, you’re typically leasing the land from the Israel Land Authority (ILA)—usually under long-term leases of 49 or 98 years. That means the state retains significant control over what happens to the land, including redevelopment plans, rezoning, or repossession under certain conditions.
Read the full article on my blog (and subscribe): https://efrat.blog/p/build-back-better-or-push-out-faster
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