Jerusalem Luxury Tower Math: Sell, Rent, or Airbnb?

A developer sitting on twenty luxury units in Jerusalem's Rehavia district has four options: sell, long-term rent, Airbnb, or corporate lease. But with a strengthening shekel crushing international demand, low local cap rates, and arnona taxes bleeding half a million shekels a year on empty inventory, the math gets brutal fast. This episode unpacks the decision tree — currency risk for foreign buyers, the tax advantages of converting to rental, the regulatory crackdown on short-term rentals, and why diplomatic tenants are the gold standard nobody talks about. If you've ever wondered what actually happens when a luxury tower can't sell, this is the episode.