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Tuesday, April 29, 2008

Students urge Jerusalem's absentee homeowners to rent

While many Diaspora Jews consider their Israeli homes an important investment in the Jewish state, many locals say absentee homeowners have driven up market prices, drained the market of available rentals and made many Jerusalem neighborhoods unaffordable for Israelis.

That's why a coalition of student activists has launched a campaign to persuade the absentee homeowners to open up their homes to Israeli renters.

"We think it's great that foreign Jews are buying here and investing in Jerusalem," said David Uziel, 29, a graduate student in urban planning at Hebrew University. "But if they keep their apartments empty, they are weakening Jerusalem."