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Nairaland Forum / Nairaland / General / German Housing Complex Where Rent Hasn’t Gone Up In 500 Years (296 Views)
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German Housing Complex Where Rent Hasn’t Gone Up In 500 Years by imeyalo09: 4:15pm On Apr 25, 2019 |
In a time when the cost of renting a home seems to be getting higher virtually everywhere in the civilized world, the residents of an idyllic housing complex in Germany are living in an inflation-free utopia. The people of Fuggerei, a walled district on the outskirts of Augsburg, pay only $1 a year on rent, the same as the first tenants who originally moved here nearly 500 years. Fuggerei was founded in 1514 by an affluent businessman named Jakob Fugger, as a social housing complex for the poorest people of Augsburg. The Fugger family moved to the bustling German city in the mid-14th century and established a prosperous cloth trading. http://dailynaijamode.com/german-housing-complex-where-rent-hasnt-gone-up-in-500-years/
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Re: German Housing Complex Where Rent Hasn’t Gone Up In 500 Years by abujacomputertu: 4:23pm On Apr 25, 2019 |
Can that happen in Nigeria? |
Re: German Housing Complex Where Rent Hasn’t Gone Up In 500 Years by Dreal1247: 4:31pm On Apr 25, 2019 |
How do they maintain the building structures as the prices of the materials used in maintaining the building structures are bound to be subject to inflation? |
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