Demand and Costs for Housing

TEL AVIV (ZINS) — De-
mand for housing has once
again risen and costs have
likewise increased. In Tel
Aviv and Jerusalem most
available units have been
gobbled up.
Construction of new homes,
which halted at the outbreak
of fighting, and had remained
at a standstill for three
months after the war, has
begun again.
-A three-room apartment in
Tsafon Tel Aviv (a fashion-
able neighborhood) is now
priced at more than IL. 230,-
000, (about $57,500), while a
four-room home sells for IL.

r

320,000 (about $80,000). The
high cost of housing is seen
as a deterrent to many
would-be olim and seriously
impedes • the government's
drive to attract a greater
flow of immigrants from
western lands.
The housing market has
reached a state where only
the very wealthy are in a
position to acquire a home
in Israel.
Meanwhile, in a leading
article, the afternoon daily,
Ma'ariv, attacked the Israelis
for their "pursuit of ma-
terialism" which, the edi-
tors' said "has blotted out

1 Israel Rising

all demarcation lines between
fantasy and reality," and for
which the nation will pay a
"heavy penalty" in the long
run.
"What is tragic is our re-
fusal to recognize our own
parameters. Unmindful of
our limitations we have
sought to imitate the Ameri-
cans. America possesses
much that is worth emulat-
ing, but we chose to emulate
her most unattractive side.
We fell under the spell of
her inordinate emphasis on
material values and wasteful
consumption of goods," the
article stated.

Hadassah Throws Party for Veterans

JERUSALEM—A group of
Hadassah volunteers organ-
ized a Purim banquet in a
downtown restaurant here in
honor of disabled veterans
of the Yom Kippur War still
in the Hadassah-Hebrew Uni-
versity Medical Center.
A total of 26 veterans,
most of them in the rehabil-
itation department, were
driven from Hadassah to the
center of Jerusalem by
American-Israeli volunteers,
many of them new immi-
grants. Funds for the 'ban-
quet had been raised by
Betty Fisher, the Hadassah
regional president for West-

ern Pennsylvania, and from
a group of state of Israel
Bonds leaders.

THE DETROIT JEWISH NEWS
Friday, March 22, 1974-3

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