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To Mentsh1 (and a few others writing about buying apartments): The situation in EY is such that this is de rigeur, as you probably well know. Actually, it was not started by frum Yiddn – or by Yiddn at all.
A bit of history: up until 1948, most of the frum community – which still comprised the Old Yishuv + dropouts therefrom – lived in apartments under a system called ‘key-money’ whereby you paid a lump sum up front, followed by a very low rent for the rest of your life. Upon the death of both partners, subject to few conditions, the property reverted back to the original owner. In the new frum centres of Bene Beraq and parts of Tel Aviv, the situation may have been different; I don’t know. At all events, come the day in 1948 when one of the first decrees of the new regime was to declare that anyone living under the ‘key-money’ system had an automatic right-to-buy for a modest payment. Many of course took advantage of this. The logic of this new law was simple: to get as many as possible to buy and own their homes. Benevolence? No way! They knew a war was coming, maybe more than one, and people who don’t own their homes tend to flee wars. The new state was in danger of depopulating. Since then, this policy has been followed assiduously.
Let me divulge a little secret (told by a member of the family concerned): A certain extremely wealthy frum Yid managed to make a deal with those who believe they own the Land of Israel, to build a city for frum Yidn. Everything was going perfectly to plan, until he innocently let slip that he intended renting the properties, rather than selling them. The deal collapsed on the spot. He was told the reason in no uncertain terms. We do not rent. I know well there are rental properties available, but they are a small minority. The official line is, from the top down: you must buy. Even most Israelis don’t know that it’s state policy. They take it as a fact of life. And for them it is. But since they are trapped in a situation over which they have no control, don’t they deserve our help rather than our condemnation?