Tzedaka if you have savings?

SixOfWands

Tue, Feb 04 2020, 5:04 pm

amother [ Babypink ] wrote:

If someone owns a home should they sell it before taking tzedaka.
I have mixed feelings.
Couple #1: down 100k on home. Loses job. Needs tzedaka and gets.
Couple #2: saves 100k for down payment. Loses job. Spends savings on surviving.

Why isn’t couple #1 expected to sell house.

Because they will still need somewhere to live, and its a nuclear solution to what is hopefully a short term problem.

Couple 1 had enough money to purchase the home, and will have the money to live on again (hopefully). There are too many costs and consequences to forcing them to sell for a short term issue. Taxes and fees and moving costs. They're going to lose $60,000 to get the $30,000.

OTOH, if they set it up that way -- they put all the money in the house to force others to help them pay for food, eg --my feelings are different.

It would also be nice for them to pay it forward when they're back on their feet.

For couple 2, there aren't transactional costs of using savings.