Mises Wire

Kibbutzniks to own homes

Kibbutzniks to own homes
This according to the Jerusalem Post. “In a twist on socialist values, two kibbutzim are in the process of registering their homes as private property, making them Israel’s first cooperatives to rent, sell or mortgage houses. Members of Kibbutz Kadarim in the Lower Galilee and Kibbutz Gesher Haziv near Nahariya will register their homes with the Israel Land Administration (ILA), based on a recent resolution that allows for creating personal-lease agreements between kibbutz members and the ILA. For the kibbutz movement, the changes were necessary to bring a large number of kibbutzim out of financial crisis, as well as creating a stable financial environment that will encourage future generations to continue living in their home communities.”
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