At a time when the cost of renting a home seems to be rising virtually everywhere in the world, the inhabitants of a residential complex in Germany live in an inflation-free ideal. Residents of Vogri, a residential complex on the outskirts of Augsburg, pay only $ 1 a year for rent, which was paid by the first tenants who moved to it some 500 years ago.
Vogri was founded in 1514 by a wealthy businessman, Jakob Fogr, as a social housing complex for the poorest inhabitants of Augsburg. The Foger family moved to the bustling German city of the mid-14th century and established a thriving trading company for clothing. Jacob Fogar was the richest banker in the city, but he remained steadfast in his family values. In 1514, he began building Vogri as a beautiful response to society.
Fogar's dream was to provide affordable accommodation for people in need, regardless of social status, age or family background. The only requirements were that applicants must be Catholics and residents registered in Augsburg for at least two years. Successful applicants had to agree to the curfew at 10 pm and commit to praying for benefactors (the Fogar family), three times a day in the local church. The exact same conditions apply today.
The first inhabitants of Vogri paid a small sum, and thanks to a trust fund created by Jacob Foger 500 years ago, the cost has remained unchanged ever since. The rent is still only $ 1 a year, but residents have to pay another dollar for the maintenance of the local church and about $ 100 for heating and maintenance, which is still unreasonably low by today's standards.
Although the returns of the modest investment fund are seen, it is still sufficient to subsidize the cost of living in Vogri, but it is not the only source of income.
- It was the dream of Fogr
Providing accommodation
reasonable prices
For people in need.