JP Katz and Haim Etkin discussed the new letter sent by the Israeli Security Authority to real estate companies regarding their reports to 2025. Etkin, an real estate analyst and appraiser in Israel, explained how builders have stopped receiving loans from banks, forcing them to turn to the stock market to raise capital through unsecured debt and selling shares to insurance companies managing pensions. He detailed how there are 85,000 unsold apartments, with 50,000 in the central region, and highlighted that there are 3.05 million condos available compared to 2.9 million households, creating an oversupply situation. Etkin predicted a 25-30% market correction before government intervention would stabilize prices, similar to what happened in the 1980s when banks were bailed out after a similar crisis.

He also discussed what he believes the government will do to stop market chaos in the months or years to come.