A Most Amazing 500 Year Social Experiment
The world’s oldest social housing, rent hasn’t changed since 1521
3 min readAug 29, 2021
Five hundred years ago in the little town of Augsburg in Germany, back in 1521, Jakob Fuggera a wealthy banker, created and funded a social housing complex he named the Fuggerei as a home for the city’s most destitute and poorest workers of the Catholic faith. He had long dreamt of a…