"29 And if a man sell a dwelling house in a walled city, then he may redeem it within a whole year after it is sold; within a full year may he redeem it. 30 And if it be not redeemed within the space of a full year, then the house that is in the walled city shall be established for ever to him that bought it throughout his generations: it shall not go out in the jubile. 31 But the houses of the villages which have no wall round about them shall be counted as the fields of the country: they may be redeemed, and they shall go out in the jubile. 32 Notwithstanding the cities of the Levites, and the houses of the cities of their possession, may the Levites redeem at any time. 33 And if a man purchase of the Levites, then the house that was sold, and the city of his possession, shall go out in the year of jubile: for the houses of the cities of the Levites are their possession among the children of Israel. 34 But the field of the suburbs of their cities may not be sold; for it is their perpetual possession. 35 And if thy brother be waxen poor, and fallen in decay with thee; then thou shalt relieve him: yea, though he be a stranger, or a sojourner; that he may live with thee. 36 Take thou no usury of him, or increase: but fear thy God; that thy brother may live with thee. 37 Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase. 38 I am the LORD your God, which brought you forth out of the land of Egypt, to give you the land of Canaan, and to be your God. 39 And if thy brother that dwelleth by thee be waxen poor, and be sold unto thee; thou shalt not compel him to serve as a bondservant: 40 But as an hired servant, and as a sojourner, he shall be with thee, and shall serve thee unto the year of jubile: 41 And then shall he depart from thee, both he and his children with him, and shall return unto his own family, and unto the possession of his fathers shall he return. 42 For they are my servants, which I brought forth out of the land of Egypt: they shall not be sold as bondmen. 43 Thou shalt not rule over him with rigour; but shalt fear thy God." — Leviticus 25:29-43 KJV.
THE REDEMPTION OF HOUSES, 29-34.
29. A dwellinghouse in a walled city — The redemption of this is limited to a year, after which it belongs to the purchaser forever, undisturbed by the jubilee. Such property used for mercantile purposes is of special value to the merchant who has built up a lucrative trade therein. Again, city property is liable to greater fluctuations in value in fifty years than country estates, and it is just that the present holder should have the benefit of the increased valuation. The fact that city property was permanently alienable would tend to keep the poor from flocking to the great cities, twice each century, to starve in poverty and to fester in vice. “This provision was made to encourage strangers and proselytes to come and settle among them. Though they could not purchase land in Canaan, yet they might purchase houses in walled cities, which would be most convenient for them who were supposed to live by trade.” — Bush. It is the opinion of some that this law applied only to such cities as were walled in the days of Joshua, and conquered by him. This would exclude Jerusalem.