Fischer, in contrast, has the power to immediately affect real estate, because he has the power to impose on the banks directives about mortgages and financing from one day to the next. Fischer is trying to cool demand and take effective action, whereas Atias and Yishai throw out declarations.
This is a paradox, since Atias and Yishai are the men with real power to change something with regard to home prices. They are responsible for the supply side - Yishai through planning and Atias through marketing by the Israel Land Administration.
There is no dispute that only a massive effort on the supply side - improving procedures by the planning and building commissions and increasing the ability to market land - only these measures can really lower home prices. But Fischer steals the show, as if he has real influence to lower home prices.
