Housing In Israel
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Housing In Israel
Housing in Israel refers to the history of housing in Israel. History After the establishment of the State of Israel, hundreds of thousands of Jews from all over the world began immigrating to the new state. Many were housed in temporary camps known as ma'abarot, where they lived in huts, tents, and packing crates until permanent housing could be built. In September 1948, the Ministry of Labor established a National Housing Department to supervise development on a nationwide scale. The Amidar housing company was founded that year and plans were drawn up for the construction of 16,000 housing units in and around the country's urban centers. The Absorption Department of the Jewish Agency imported 6,000 cabins from Sweden for temporary accommodation. In cities and development towns all over the country, rows of concrete tenements began to be hastily erected to address the severe housing shortage. These government-funded low-cost housing projects were known as ''shikunim.'' In the la ...
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Home
A home, or domicile, is a space used as a permanent or semi-permanent residence for one or many humans, and sometimes various companion animals. It is a fully or semi sheltered space and can have both interior and exterior aspects to it. Homes provide sheltered spaces, for instance rooms, where domestic activity can be performed such as sleeping, preparing food, eating and hygiene as well as providing spaces for work and leisure such as remote working, studying and playing. Physical forms of homes can be static such as a house or an apartment, mobile such as a houseboat, trailer or yurt or digital such as virtual space. The aspect of ‘home’ can be considered across scales; from the micro scale showcasing the most intimate spaces of the individual dwelling and direct surrounding area to the macro scale of the geographic area such as town, village, city, country or planet. The concept of ‘home’ has been researched and theorized across disciplines – topics rangi ...
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Global Economic Crisis Of 2008
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. The ...
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Housing In Israel
Housing in Israel refers to the history of housing in Israel. History After the establishment of the State of Israel, hundreds of thousands of Jews from all over the world began immigrating to the new state. Many were housed in temporary camps known as ma'abarot, where they lived in huts, tents, and packing crates until permanent housing could be built. In September 1948, the Ministry of Labor established a National Housing Department to supervise development on a nationwide scale. The Amidar housing company was founded that year and plans were drawn up for the construction of 16,000 housing units in and around the country's urban centers. The Absorption Department of the Jewish Agency imported 6,000 cabins from Sweden for temporary accommodation. In cities and development towns all over the country, rows of concrete tenements began to be hastily erected to address the severe housing shortage. These government-funded low-cost housing projects were known as ''shikunim.'' In the la ...
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Israeli Settlement
Israeli settlements, or Israeli colonies, are civilian communities inhabited by Israeli citizens, overwhelmingly of Jewish ethnicity, built on lands occupied by Israel in the 1967 Six-Day War. The international community considers Israeli settlements to be illegal under international law, though Israel disputes this. Israeli settlements currently exist in the West Bank (including East Jerusalem), claimed by the State of Palestine as its sovereign territory, and in the Golan Heights, widely viewed as Syrian territory. East Jerusalem and the Golan Heights have been effectively annexed by Israel, though the international community has rejected any change of status in both territories and continues to consider each occupied territory. Although the West Bank settlements are on land administered under Israeli military rule rather than civil law, Israeli civil law is "pipelined" into the settlements, such that Israeli citizens living there are treated similarly to those livi ...
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Immigrant Camps (Israel)
The Immigrant camps in Israel ( he, מחנות עולים plural ''Mahanot Olim'') were temporary refugee absorption camps, meant to provide accommodation for the large influx of Jewish refugees and new ''Olim'' (Jewish immigrants) arriving to Mandatory Palestine and later the independent State of Israel, since early 1947. The tent camps first accommodated Holocaust survivors from Europe, and later largely Jewish refugees from Middle East and North Africa. By early 1950, immigrant camps were converted into Transition Camps, where living conditions became better and tin dwellings replaced tents. History Establishment In early 1947, the Jewish Agency reached an agreement with the British authorities, according to which the Jewish immigrants would arrive in the Land of Israel on the basis of monthly or quarterly certificates, and remain under British arrest. It was agreed that upon being provided with an appropriate certificate by a donor, immigrants would be released from detentio ...
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Economy Of Israel
The economy of Israel is a developed free-market economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability, modern infrastructure rivaling many Western countries, and a high-technology sector competitively on par with Silicon Valley. Israel ranks 35th on the World Bank's ease of doing business index. It has the second-largest number of startup companies in the world after the United States, and the third-largest number of NASDAQ-listed companies after the U.S. and China. American companies such as Intel, Microsoft, and Apple built their first overseas research and development facilities in Israel. Other high-tech multi-national corporations, such as IBM, Google, Hewlett-Packard, Cisco Systems, Facebook and Motorola have opened R&D centers in the country. The country's major economic sectors are high-technology and industrial manufacturing. The Israeli ...
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Architecture Of Israel
The architecture of Israel has been influenced by the different architectural styles of those who have inhabited the country over time, sometimes modified to suit the local climate and landscape. Byzantine churches, Crusader castles, Islamic madrasas, Templer houses, Arab arches and minarets, Russian Orthodox onion domes, International Style modernist buildings, sculptural concrete Brutalist architecture, and glass-sided skyscrapers all are part of the architecture of Israel. History Early period Ancient regional architecture can be divided into two phases based on building materials — stone and sundried mud brick. Most of the stones used were limestone. After the Hellenistic period, hard limestone was used for columns, capitals, bases or also the Herodian enclosure walls of the Temple Mount. In the north of the country, basalt was used for building stone, door sockets, door pivots but also for drainage. Fieldstone were placed randomly or laid in courses as well ...
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Prime Rate
A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to customers with good credit. Some variable interest rates may be expressed as a percentage above or below prime rate. Use in different banking systems United States and Canada Historically, in North American banking, the prime rate was the actual interest rate, although this is no longer the case. The prime rate varies little among banks and adjustments are generally made by banks at the same time, although this does not happen frequently. the prime rate is 6.25% in the United States and 5.45% in Canada. In the United States, the prime rate runs approximately 300 basis points (or 3 percentage points) above the federal funds rate, which is the interest rate that banks charge each other for overnight loans made to fulfill reserve funding requirements. The Federal funds rate plus a much smaller increment is frequently used for lending to the most creditworthy bor ...
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Adjustable-rate Mortgage
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.Wiedemer, John P, ''Real Estate Finance, 8th Edition'', pp 99–105 The loan may be offered at the lender's standard variable rate/base rate. There may be a direct and legally defined link to the underlying index, but where the lender offers no specific link to the underlying market or index, the rate can be changed at the lender's discretion. The term "variable-rate mortgage" is most common outside the United States, whilst in the United States, "adjustable-rate mortgage" is most common, and implies a mortgage regulated by the Federal government, with caps on charges. In many countries, adjustable rate mortgages are the norm, and in such places, may simply be referred to as mortgages. Among the most common indices are the rates on 1-year co ...
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Mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ...
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Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income." The borrower wants, or needs, to have money sooner rather than later, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * ...
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Stanley Fischer
Stanley Fischer ( he, סטנלי פישר; born October 15, 1943) is an Israeli American economist who served as the 20th Vice Chair of the Federal Reserve from 2014 to 2017. Fisher previously served as the 8th governor of the Bank of Israel from 2005 to 2013. Born in Northern Rhodesia (now Zambia), he holds dual citizenship in Israel and the United States.Stanley Fischer firms as top choice to become US Fed vice
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