| by Kenneth Chase | 100 comments

You Can Rent a House Here For Only €0.88 a Year…


Just outside of Munich lies a sleepy village
called Fuggerei, where the rent for a whole year is just under one Euro, 88 cents to be
precise. So what do you get in exchange for your measly rent? A matchbox? A cupboard maybe?
Is it made of strudel? No, you get a modestly spacious two-bedroom apartment made of stone.
Is it in a dodgy area? No, Fuggerei is extremely safe and rather pretty if you ask me. It even
sits inside its own walled enclave; people pay millions for that shit in America. The
five gates of Fuggerei are locked every day at 10pm, blocking off any passage in or out
of the housing complex. The residents have to take turns to man a gatehouse to let stragglers
in after 10pm who got locked outside, all of whom have to pay a fee of 1 Euro for coming
home late. What time do you call this Steve? But bu… Listen Steve, I don’t care if
your car broke down on your way to visit your terminally ill grandma. It’s 2 minutes past
10, that’ll be one year’s rent please. Why is the rent so cheap anyway? Well Fuggerei
is the world’s oldest social housing complex still in use. Fuggerei sits in the Bavarian
city of Augsburg and it was created in 1520 to house the city’s poorest residents, the
rent was set at 1 Rhein guilder when it was built, about 88 Euro cents in todays money,
and it hasn’t changed since. The owners, which are still the same family that built
the complex in 1520, have basically put a big middle finger up to inflation. Fuggerei
was built by a rather interesting bloke and one of the richest persons to have ever lived,
Jakob Fugger, from the little known but highly influential Fugger family – but more about
him in a minute. Altogether there are 52 identical houses in Fuggerei, each divided into apartments.
There’s also a town square and a church. But wait a minute, before you go and tell
your mum you’ve found a place of your own and you’re moving to Germany. Because unfortunately,
you’re probably not allowed to live there. Yeah sorry, sit back down. If the rent sounds
too good to be true, that’s because there are strict rules for anyone wanting to rent
their very own slice of this super-cheap gated community. To rent an apartment here one must
have lived at least two years in Augsburg, belong to the Catholic faith and be extremely
poor, without any debt. No only that, once you live in Fuggerei, you are required to
say three prayers every day, thanking the Fugger family for allowing you to live there
and you also must pray for their souls. This place is like a cult. People usually
have a grave dislike for bankers, which the residents of Fuggerei all agree with. But
when residents were asked about their opinion of the Fugger family, whom themselves were
billionaire bankers, their opinion quickly changes. The residents here have nothing but
endless good words to say about Jakob Fugger and his family, upholding them almost as deities.
Maybe they’re just grateful for the fact they have a house in a rather lovely city
for just under one Euro per year. Or maybe it’s the fact that they will be chucked
out of Fuggerei if they say otherwise. Hmm, I’m starting to think they should rename
this place to “Little North Korea”. I’m exaggerating of course, it’s not that bad;
“I’m sorry lord Fugger, please don’t evict my grandma!”. So who is Jakob Fugger, why was he so wealthy
and why did he create Fuggerei? The Fugger family are a prominent family of European
bankers who took over the infamous Medici family. Jakob Fugger was the wealthiest of
the family and he was commonly referred to as “Jakob the Rich” by all who knew him.
Jakob started out in the textile industry, trading with Italy. He then invested in mining
and soon came to control a huge portion of the silver and copper mining operations throughout
Europe. Jakob also owned a bank and actually minted
coins for the Vatican, which enabled him to control the catholic faith and thusly control
European politics, because at that time, the pope had his fingers in all those juicy political
pies. For a short while Jakob’s wealth made his home city of Augsburg the banking capital
of Europe. Jakob was worth the modern equivalent of $277 billion, if he was alive today he
would be the richest person in the world, by a mile. But he was no saint, Jakob’s
path to riches was paved with deceit and political corruption, some say he was even worse than
the highly corrupt Medicis. He even created his own weekly newspaper, just for his eyes,
that contained dirt on his competitors, so he could get ahead of them. He paid a lot
of money for the newspaper to be researched, printed and delivered to him every week. One week he must have read some dirt on himself
in his own newspaper, because in an effort to dispel the bad press surrounding him, and
improve his public image, Jakob created the social housing complex of Fuggerei to house
the poorest of Augsburg’s citizens and he made the rent so ridiculously low, at 1 Rhein
guilder, that anyone could afford to live there. So why was Fuggerei created? So a ruthless
capitalist could try to persuade the world that he was really quite a nice guy. Hey,
it seems to have worked, even today the residents of Fuggerei literally worship Jakob and the
Fugger family. They’ve even opened a museum there to showcase the legacy of the Fugger
family. So would you live in Fuggerei if you could? All you have to do is worship a false
deity that’s been dead for 500 years. Oh and don’t come home after 10 o’clock,
they still haven’t forgiven Steve.

100 Comments

Abegail Roman

Jan 1, 2019, 4:14 pm Reply

OK let start parking where this place at?

Daniel Sich

Jan 1, 2019, 5:33 pm Reply

Fjugerei

Marius Berger

Jan 1, 2019, 2:00 pm Reply

I live in Augsburg lol

James Johnson

Jan 1, 2019, 6:02 am Reply

I’d say no. Especially for the religious and narcissist aspect. Too many rules and I’m not about to worship anyone or anything. I’m not religious. Also, this isn’t practical and seeing this video inflation as probably made the rent higher. This Jacob person is just looking for a way to control the poor people and force them into binding lifestyles for cheap. It’s all about control. Fuck this guy and his stupid mind games with religion. This is what religion does.

Sandra Simpson

Jan 1, 2019, 10:58 am Reply

Thanks for a great video. I'm not here to judge the people that live there. There are things outsiders don't understand. No I couldn't live there but hey, if your already Catholic and the history doesn't bother you why not? That family will have to answer for what they did in the past and they only know if they are doing it now out of good will or good publicty ?

The egg2

Jan 1, 2019, 3:12 am Reply

wish i had pounds

Matthias Schulz

Jan 1, 2019, 8:54 am Reply

Isn't it in Augsburg?

Space Racer26

Jan 1, 2019, 10:28 am Reply

Shit, do the Muslims know about this?

Hort Schwabenking

Jan 1, 2019, 9:57 am Reply

I love how you pronounce all the German words wrong…

coolwater55

Jan 1, 2019, 8:52 pm Reply

Really well done short overview and imagery of Jakob Digger and the village of Fuggeri

RE K

Jan 1, 2019, 1:48 am Reply

Wow. Hot host. Good rent rate too.

Tom Orrow

Jan 1, 2019, 2:44 pm Reply

Oh yeah yeah

Bernhard Widmer

Jan 1, 2019, 6:00 pm Reply

its not fiuggorai its german and its pronounced IPA transcription (phonemes):

f ʊ k ə r aɪ

That Bitch

Jan 1, 2019, 6:59 pm Reply

Hey…… it’s free real-estate

Niccolò Orsi Bandini

Jan 1, 2019, 10:52 am Reply

The rent is so low cause they're going to cash in via all the latecomers that are outside drinking and miss the curfew.

Dominant Persona

Jan 1, 2019, 2:07 am Reply

What are the requirements to join?

Shukri Habiba

Jan 1, 2019, 2:21 am Reply

Looks like the care for their afterlife. Smart to ask/make them to pray for them.

Shannon Leifer

Jan 1, 2019, 3:33 am Reply

Great place for a Catholic to retire

Hamilton and JJBA ate my soul

Jan 1, 2019, 7:49 am Reply

moves in

Edit: ok nah im good

terrybriody

Jan 1, 2019, 8:21 am Reply

It's just Almshouse group – loads in UK but rents have gone high.

Doggo

Jan 1, 2019, 2:31 am Reply

Lmao this low-key sounds like a Catholic esq cult

Send Help

Jan 1, 2019, 4:08 am Reply

I’m packing my bags

Big Bluood

Jan 1, 2019, 2:41 am Reply

I know a place,where the rent is below Fuggerei and you get cable tv,internet, electricity, heat, water, swimming pool, maid service, free food, laundry , a car and garage

Aisha Rose

Jan 1, 2019, 1:07 pm Reply

I wouldn’t call it a cult but damn is it extreme

Se Li

Jan 1, 2019, 3:47 pm Reply

So you did get most things right, but you left one important detail out. He did not just build these apartments because of bad press. It was more religious than that, he was involved with the pope that time and helped him finance a new church in rome which turned out to be too expensive for the church and rather than stopping he and the pope decided too make money out of the fear of common people. Fear of hellfire. They sold "Ablassbriefe" :papers which supposedly safe your or the soul of deceased from hellfire. They had practically an army of preachers going around and spreading fear. They made quite the money with that and were able to fool the common folk into spending their last dime to safe themselves or their families from hellfire. The worst part you couldn't just buy yourself out for good, no supposedly you had to buy yourself papers which safed you from hellfire only a certain amount of years.
Well that's a pretty bad thing to do, isn't it? He himself was a strong believer in god and ghosts and all the other stuff. So he had some preachers himself whom predicted him that he will go to hell himself for all his sins especially for tricking all those innocent people into fearing god, just to get their money. So he opend these apartments not to buy his freedom from his sins.
No he just made sure that even loong after his death his soul will be safed by forcing those who want to stay in his houses to pray for his soul and wellbeing every day. Because he thought that was the only way to save himself.

*well I'm sorry if I misspelled some things I'm, who would have guessed xD, from Augsburg Germany. I left some minor things out in there but it's obviously already way too much.

Artemis δώρο της ζωής

Jan 1, 2019, 5:36 pm Reply

MUM I FOUND A PLACE

Expensive LatTAE

Jan 1, 2019, 10:36 pm Reply

Here in London, a shed at the back of a factory costs £2 million 😀

Le Vaun Oliver

Jan 1, 2019, 11:11 pm Reply

This place ain't worth it

Jasmin Ki

Jan 1, 2019, 11:36 pm Reply

I saw the title and thumbnail and immediately knew it was about Augsburg ?

BrillyWilly – William Ratcliffe

Feb 2, 2019, 6:01 pm Reply

Still can’t afford it

Jonathan Terrado

Feb 2, 2019, 2:04 pm Reply

Kim il sung of 16th century

Sam Lutfi

Feb 2, 2019, 1:44 pm Reply

I just moved here and the rent isn't that cheap. it's now 96 cents which is kind of a rip off

Northumbria Bushcraft

Feb 2, 2019, 6:50 pm Reply

Damn I have 300 bucks of debt. So even though I can speak German, and I'd live there for 2 years to get somewhere with rent so low, unfortunately I can't live there. I'd live there I'd be game nice to know, I'd be well up for living there looks lovely.

trinthetrex

Feb 2, 2019, 7:44 pm Reply

I'm ten seconds into this video and something already seems fishy about this town.

Yander Dreams

Feb 2, 2019, 8:01 am Reply

I'm going to go there and secretly practice witchcraft

Yander Dreams

Feb 2, 2019, 8:02 am Reply

Wow, I actually qualify to live there.

User Unknown

Feb 2, 2019, 9:35 pm Reply

All the people in the world praying for him still couldn't pull his soul out of hell!! ( even though that's not how it works anyway, once in hell… your there for eternity.)

naly202

Feb 2, 2019, 4:22 am Reply

"and you must also pray for their souls. This place is like a cult" this chap obviously doesn't know much about the Catholic or Orthodox churches. Praying for the souls of those who died is common practice.
And since the Fugga man wasn't a such a nice man that's more reason to pray for his soul.

murrayelliot

Feb 2, 2019, 2:10 pm Reply

You seem a little down on the requirements. Lets face it, if there weren't some fairly strict rules, it would soon become a shithole. Can you imagine what any of the homeless druggies and alcohol abusers would do to this if it were in the UK? It would quickly become another Moss Side surrounded by needles and dealers.

ShadowOfLabel

Feb 2, 2019, 4:14 pm Reply

So any German girls want to marry an American so we can get a two bedroom apartment together for 1 euro a year and sweet love every night and spend all our money on German beer?

Baduda

Feb 2, 2019, 6:51 pm Reply

HAHAHA little north korea!

Soviet Onion

Feb 2, 2019, 9:10 pm Reply

In etiopia you can get 1 for only 0.01

Lord Splynter

Feb 2, 2019, 11:01 pm Reply

Welcome again to "why is this in my recommendations"

Tigrezz

Feb 2, 2019, 1:07 am Reply

Time to move to Fuggerei
Edit: FUUCK

Dan

Feb 2, 2019, 8:41 am Reply

Imagine, your rent yearly is like 18k and you come home at 11 pm. You got to pay a years worth of rent to get back in.

John Bryant

Feb 2, 2019, 8:11 pm Reply

What’s wrong with his eyebrow?

Dankkin

Feb 2, 2019, 9:49 pm Reply

oh yeah all i have to do is live in Germany for 2 years and im set

Morrissey Kuc

Feb 2, 2019, 5:54 pm Reply

Sounds like a cult

Lucia C.

Feb 2, 2019, 1:34 pm Reply

I had to go back & listen to that again. I thought you said "Had to be dirt poor without any doubt" ? Ok now I heard it – without debt. I do understand his requirements tho. Say you said prayers for this guy 3x a day bc he wants to get out of purgatory. Its a clever set up. He was a shit alive & by creating this community he can be released from accountability (if you are from the Catholic belief). Some guys will find a way to cheat the system even into death smh

A3iaan autlaw

Feb 2, 2019, 5:48 pm Reply

Please don,t let italie get full off americano these shallow shit

vestaosto

Mar 3, 2019, 6:11 am Reply

Being extremely poor without a debt…lol

Walker Smith

Mar 3, 2019, 11:48 am Reply

Accent is killing it…

Richard Freeman

Mar 3, 2019, 5:30 pm Reply

Hmmm… Time to check the etymology of the word Frugal.

Eamanuel Spada

Mar 3, 2019, 11:29 am Reply

in that painting jacob fugger looks like valdermort!?

E. Lewis Basher

Mar 3, 2019, 1:42 am Reply

Only if I could pray to Batman.

Just A Guy Production

Mar 3, 2019, 4:09 am Reply

The religious requirements prove that it's just an evil sex cult.

Tony Bucks

Mar 3, 2019, 5:01 pm Reply

I live in Los Angeles, so fuck off.

fallenSlave

Mar 3, 2019, 7:57 am Reply

Fake

Maru Chan

Mar 3, 2019, 4:10 pm Reply

Attending Catholic sermons would kill me. Not worth it .

Miki Mannikin

Mar 3, 2019, 11:15 pm Reply

woow after years I see his face! :O

Jonathan Calis

Mar 3, 2019, 11:55 pm Reply

Yh, fuck the fuggers.

Skeen

Mar 3, 2019, 1:58 am Reply

He's one hell of a motherfugger

Pardon me are You aaron burr sir

Mar 3, 2019, 5:28 pm Reply

Yo wtf, I always thought he said 42 here

Anousha Dewan

Mar 3, 2019, 11:31 pm Reply

“Sit back down”…..lol you know me too well stranger

iiNxva

Mar 3, 2019, 6:42 am Reply

In my recommendations 2 years later

Good Dog

Mar 3, 2019, 5:44 am Reply

oh!
a cult!
nevermind!

Imre Pető

Mar 3, 2019, 6:16 am Reply

What's wrong with your eyebrows?

Stefan Jankovic

Mar 3, 2019, 2:56 pm Reply

Hey 42 here

Flowified

Mar 3, 2019, 7:24 pm Reply

This fugger built himself a hellofa nice house!

Norman G

Mar 3, 2019, 11:42 pm Reply

Well, I admire the the charitable nature of it even though I'm not religious. Certainly many people could follow from this example. . . In my hometown there's an senior living centre that closed down because the property was sold so the building could be demolished and turned into a condominium high-rise. But due to some legal red-tape (I think it was an issue of the planned building not adhering to certain local height restrictions) the condo never got built, and the old age home has been sitting empty for years. . . All I can think is, "if the owner's actually gave a damn, they could house a lot of people here for cheap, rather than let the building rot."

Sadly, that's just not the way a lot of these big business types think.

Fahmi Tajjuddin

Mar 3, 2019, 7:18 am Reply

lord gaben should open somthing like this

Arhnuld

Mar 3, 2019, 9:02 am Reply

Seems way better to me than just giving poor people money. This way they might actually be happy, find some rest and if applicable learn the lifestyle to get out of there and build a better life.

Daniel Nikolovski

Mar 3, 2019, 10:34 am Reply

Dammit Im pastafarian

Be Gö

Mar 3, 2019, 2:42 pm Reply

We are taught this in School in Germany

And the Fugger where an interesting family and I'd highly advise you to put in a little more research yourself because Jakob was the biggest bad-ass in history

And no they are not a cult so please chill with that North Korea bullshit

Kuma

Mar 3, 2019, 2:39 am Reply

The housing is actually paid for by Jakob Fugger's money, even today.

William Semple

Mar 3, 2019, 6:07 am Reply

So… If you suck off a Fugger then you get €1 accomodation?

Leander Herman

Mar 3, 2019, 8:31 pm Reply

Heck i'm Atheist but i'm cool with it my Dutch family are Catholics and my Philippine wife is Catholic she would love it, oh wow a little dictatorship in Germany

DurschfallTV

Mar 3, 2019, 3:12 pm Reply

88 xd

Benjamin xD

Mar 3, 2019, 6:06 pm Reply

Well i live there, not everything you've said is true! Please do more Research.
I have to say that those prayers are not a must, hell my neighbours dont even do that all time
(And yes we do have Internet, actually pretty good Internet if you ask me)

You can ask me any questions if you like!

Benjamin xD

Mar 3, 2019, 6:08 pm Reply

Augsburg is not a village btw

Hefty Alan

Mar 3, 2019, 9:00 pm Reply

Sounds like an episode of The Prisoner

treverbettis

Mar 3, 2019, 10:42 pm Reply

so its owned by some crazy rich catholics who want u to pray for their wellbeing three times a day and wash their feet.

negima50001

Mar 3, 2019, 11:38 pm Reply

Sounds like a cult to me.

Alegria

Apr 4, 2019, 9:02 pm Reply

No way. I don't believe you.

Alegria

Apr 4, 2019, 9:09 pm Reply

People: 1€/year? Hell yeah!
Also people: What?! 3 prayers a day? Hell no that's a cult ! (even tho they kiss their boss' ass everyday and can barely aford a little apartment in town)

cintiabrunhs

Apr 4, 2019, 12:02 am Reply

Visit Chile https://youtu.be/UYGA24_FiHI

VincentVanGeisha

Apr 4, 2019, 11:34 pm Reply

fugger would like to fug you very much.

unboxing theboxx

Apr 4, 2019, 8:06 pm Reply

GREAT VIDEO.

Shalom Nadel

Apr 4, 2019, 2:33 pm Reply

Like from anyone who thoight this was a scam and therfore looked at the comment section

Richard France

Apr 4, 2019, 3:52 pm Reply

Are the residents of Fuggerei allowed to buy Bitcoin?

HOBBIT cadillac

Apr 4, 2019, 3:59 am Reply

then there were refugees……

Lorenzo Pitti

Apr 4, 2019, 10:17 pm Reply

Fuck that, I'm not Christian and I would never ever pray 3 times a day

ChubbyChecker182

May 5, 2019, 12:31 pm Reply

Fuggereeee Fugeriiiii Fuger hahahaha

Rom B

Jun 6, 2019, 7:23 am Reply

"BURG-AL-RY"…. ???? ?
me finks ya mean 'BUR-GLA-RY' ??✌??

EricaYE6

Jun 6, 2019, 3:18 am Reply

You couldn't pay me to live there. Sounds too much like North Korea.

J K

Jun 6, 2019, 10:47 pm Reply

Read the book on Fugger, very interesting figure. Martin Luther hate him (b/c he was rich) and was main reason why the Catholic Church lifted the ban on usury.

Rachel Brad

Jun 6, 2019, 9:27 pm Reply

I will pass i hate the Catholic chruch the rape boys and girls pure evil.

stryder hiryu

Jul 7, 2019, 9:34 pm Reply

the way your voice express sounds like DaveBlog… cutie 😀 I hope you both do collaboration vid. <3

Mike Upton

Jul 7, 2019, 7:57 pm Reply

Steve- "this place is run by a bunch of clock watching, rich Fuggers."

cristina lexy

Jul 7, 2019, 9:25 pm Reply

Ok.I buying the whole street then..

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