Reply To: Seminary / Yeshiva in Israel – Economic Crisis

In the last 16 months, half the world’s wealth has completely gone up in smoke, and it’s still spiraling downward. Unemployment is skyrocketing. The loans people used to be able to get are unavailable, with house values falling. Even the goyim have completely eliminated consumerism. When this all plays out, there will be major changes to the frum lifestyle. Much of the excessive gashmius will be gone. It’s possible that seminaries in Israel may also become a casualty.