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People buy apartments without realizing: Have we become Las Vegas or a m

The Israeli economy is collapsing, with many buying apartments using contractor loans, revealed by Bank of Israel data. Contractors offer tempting financing terms to anyone willing to listen, along the lines of 'pay a little today and forget.' Financing plans like 20-80, where you pay only 20% now and the rest upon occupancy in three or four years, suddenly seem like very profitable deals.

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