Building contractors afraid to rebuild Gaza
"It's dangerous going to areas where there is no political authority and where the security situation is shaky."No kidding.
posted by Carl in Jerusalem @ 8:55 AM
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- Name: Carl in Jerusalem
- Location: Jerusalem, Israel
I am an Orthodox Jew - some would even call me 'ultra-Orthodox.' Born in Boston, I was a corporate and securities attorney in New York City for seven years before making aliya to Israel in 1991 (I don't look it but I really am that old :-). I have been happily married to the same woman for thirty-five years, and we have eight children (bli ayin hara) ranging in age from 13 to 33 years and nine grandchildren. Four of our children are married! Before I started blogging I was a heavy contributor on a number of email lists and ran an email list called the Matzav from 2000-2004. You can contact me at: IsraelMatzav at gmail dot com
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4 Comments:
Who wants to rebuild Gaza if Hamas is only going to burn it down again later?
One would have to be insane to throw away good money after bad in the Hamashole. Even junk bonds produce a better return than putative construction projects in Gaza.
Not to going to happen anytime soon.
NormanF,
Junk bonds provide an excellent return but they're high risk. In Gaza, you have the high risk but non-existent return.
Carl, exactly! Both are high risk investments but in Gaza the return is non-existent. And good businessmen want to see a return on their investment. They are not in it for charity.
It's such a difficult issue. I'm sorry matzav, it's going to take a massive social push change to get building contractors to try and build/rebuild what's been lost.
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