This past Motzei Shabbos, the Satmar Rebbe, Rav Aron, shlit”a, spoke harshly about astronomical apartment costs in Kiryas Yoel, and he urged a moratorium on purchases until prices level off.

Speaking at a Melave Malka, the Rebbe addressed the ongoing crisis, which is largely due to high demand and limited supply.

“No one should buy now,” the Rebbe said. “Wait, have patience, and prices will stabilize.”

The Rebbe seemed to take aim at sellers, saying, “Some owners bought at a relatively low price, yet are not embarrassed to ask over $1 million, not because of a home’s actual value, but because they want to make money.”... Read More: