Fuggerei Rent Unchanged in 500 Years

Fuggerei Rent Unchanged in 500 Years

In the German town of Fuggerei, the rent has remained at 0.88 euros for an entire year without an increase in 500 years. Wealthy banker Jakob Fugger established this town as a historic social housing complex in 1521 to assist Augsburg's impoverished residents. You might want to move here, but not everyone qualifies for residence here, as one must be Catholic, have lived in the city for at least 2 years, and be without debt.

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