Riley S. Faelan on Nostr: Remember when a man so rich that it was literally his name, Jakob the Rich, built ...
Remember when a man so rich that it was literally his name, Jakob the Rich, built cheap houses for the poor people to live in?
Imagine, for a second, if your rent was 88 cents — a year. And it hadn't changed for the past 500 years. Yes, you read that right. Welcome to the Fuggerei.
Located in the Bavarian city of Augsburg, the Fuggerei is considered to be the oldest social housing project in the world and continues to provide subsidized housing for Augsburg residents facing financial hardship.
Today, about 150 people live in the Fuggerei, spread out across 140 apartments. The Fuggerei gets about 30 to 40 applicants a year, with a waiting list that's currently 80 people long.
Today's zillionaires just aren't like they used to be.
Source: https://www.dw.com/en/germanys-fuggerei-the-worlds-oldest-social-housing-project/a-58928076
Imagine, for a second, if your rent was 88 cents — a year. And it hadn't changed for the past 500 years. Yes, you read that right. Welcome to the Fuggerei.
Located in the Bavarian city of Augsburg, the Fuggerei is considered to be the oldest social housing project in the world and continues to provide subsidized housing for Augsburg residents facing financial hardship.
Today, about 150 people live in the Fuggerei, spread out across 140 apartments. The Fuggerei gets about 30 to 40 applicants a year, with a waiting list that's currently 80 people long.
Today's zillionaires just aren't like they used to be.
Source: https://www.dw.com/en/germanys-fuggerei-the-worlds-oldest-social-housing-project/a-58928076