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Replying to Avatar Efrat Fenigson

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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Satillionaire 6mo ago đź’¬ 1

Who owns the ILA?

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Efrat Fenigson 6mo ago

The state. It’s a government agency.

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