This German Village Hasn't Raised Rent Since 1520

This German Village Hasn't Raised Rent Since 1520

How would you like to live in a pretty little German village for less than one euro a year? It's possible in Fuggerei. Rent has remained 88 euro cents since the year 1520. But how is that possible? Fuggerei is the world's oldest social housing complex still in use, and it was created in order to house the poorest citizens of the city. In 1520, the rent was set at one Rein Guilder, which is 88 cents in today's euros, and it was never raised. The owners of the complex are relatives of the same family that established it, so they stayed true to the original rent arrangements. Living here, however, isn't as easy as it might seem. There are very strict rules for who can live here. For example, you must be very poor, have no debt, and be of the Catholic faith. Once you do live there, you're required to pray three times every day and include the Fugger family in your prayers, thanking them for allowing you to live there. We've collected some awesome videos on this topic. Watch them now to learn more.

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