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Who Actually Builds a City's Housing Crisis?
Jerusalem keeps building, and residents keep getting priced out. This episode works through an argument that the city's callousness toward its own residents isn't a character flaw — it's fiscal design. Residential Arnona doesn't cover the services those residents consume, commercial property pays roughly four times more per square meter, and the city runs a deep operating deficit. Put those together and the behaviour explains itself. From there: who's actually buying, why the developer is the fulcrum of the whole machine, and what inclusionary zoning, density bonuses, land value capture, and…
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