How Tel Aviv Became the Most Expensive City on Earth

According to a ranking recently issued by the Economist, Tel Aviv is the world’s most expensive city, ahead of New York, Paris, and Berlin. There are many reasons for this, writes Gad Lior, but the most important is also the simplest:

Tel Aviv was not planned to be the heart of a metropolis, numbering almost five million people, from Netanya to Gedera. Tel Aviv itself is actually a small city, with only 400,000 inhabitants, whose land reserves are running out. So it is no wonder that a three-room apartment in Tel Aviv is rented out for 8,000 shekels, [about $2,500], and in Berlin, a similar apartment will be rented out for 600 euros [about $680]—and rent cannot be hiked up beyond a limited rate stipulated by law, while no such law exists in Israel.

Most of all, the most expensive city in the world suffers from an inaccessibility problem. There are no trains from some of the nearby cities, no subway, not even a light rail. So almost everyone commutes from morning to night in private vehicles to . . . Tel Aviv. And fuel costs money, and traffic jams too.

And since this is the leading city in Israel, the owner of a clothing store admitted that “in Tel Aviv, they will pay me for a suit exactly three times more than in Afula.” . . . For a larger selection, with more prestigious products, in a store that pays much more in property taxes than in Afula—the price will be much greater.

The huge tax burden that falls on the business sector causes some of the costs and it’s not going to get any better in the foreseeable future. Add to this the strengthening of the shekel against the dollar as it has become the world’s hottest currency in recent months.

Read more at Ynet

More about: Israeli economy, Tel Aviv

Iran Gives in to Spy Mania

Oct. 11 2024

This week, there have been numerous unconfirmed reports about the fate of Esmail Qaani, who is the head of the Quds Force, the expeditionary arm of Iran’s Revolutionary Guards. Benny Avni writes:

On Thursday, Sky News Arabic reported that Mr. Qaani was rushed to a hospital after suffering a heart attack. He became [the Quds Force] commander in 2020, after an American drone strike killed his predecessor, Qassem Suleimani. The unit oversees the Islamic Republic’s various Mideast proxies, as well as the exporting of the Iranian revolution to the region and beyond.

The Sky News report attempts to put to rest earlier claims that Mr. Qaani was killed at Beirut. It follows several reports asserting he has been arrested and interrogated at Tehran over suspicion that he, or a top lieutenant, leaked information to Israel. Five days ago, the Arabic-language al-Arabiya network reported that Mr. Qaani “is under surveillance and isolation, following the Israeli assassinations of prominent Iranian leaders.”

Iranians are desperately scrambling to plug possible leaks that gave Israel precise intelligence to conduct pinpoint strikes against Hizballah commanders. . . . “I find it hard to believe that Qaani was compromised,” an Iran watcher at Tel Aviv University’s Institute for National Security Studies, Beni Sabti, tells the Sun. Perhaps one or more of [Qaani’s] top aides have been recruited by Israel, he says, adding that “psychological warfare” could well be stoking the rumor mill.

If so, prominent Iranians seem to be exacerbating the internal turmoil by alleging that the country’s security apparatus has been infiltrated.

Read more at New York Sun

More about: Gaza War 2023, Iran, Israeli Security