The conversation between human and AI assistant.
What are the reasons for the real estate bubble in Israel?
Has the real estate bubble affected the economy in any way?
Yes, the real estate bubble has had a significant impact on the Israeli economy. The high cost of housing has made it difficult for many Israelis to afford homes, which has contributed to growing income inequality. Additionally, the excessive housing prices have resulted in a decrease in consumer spending, as people have less money to spend on other goods and services.