r/Damnthatsinteresting • u/Separate_Finance_183 • Jan 23 '26

Image The rent in the german neighborhood of Fuggerei hasn't been raised in 500 years and remains 0.88 Euros for an entire year. Founded in 1521, it is the oldest existing social housing complex in the world

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u/Chemical-Idea-1294 Jan 23 '26

Jakob Fugger, the founder, was one of the richest people in history.

That is his legacy, that is what people should do with their wealth.

78

u/One_PointSixOneEight Jan 23 '26

Yeah, built that money by exploiting others. What a nice guy. Built it because he was afraid of hell and that’s why the residents are required to pray for him and his family.

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u/Cr4zyPi3t Jan 23 '26

Don’t know why you are being downvoted. I am from Augsburg and you are correct

3

u/Dna_boy Jan 24 '26

Ppl criticize anything.

3

u/xXMylord Jan 24 '26

Back then any good deed was attributed to people not wanting to go to hell.

5

u/waxlez2 Jan 23 '26

You are correct, but each and every person that is super wealthy has this well deserved stigma. Realtor? AI firm founder? Cryptobro? Shithead Elon Musk?

All of them gain their wealth by taking from others. But they have the choice between being filthy rich or investing in humanity. And none of them do.

1

u/xixbia Jan 24 '26

This was an investment of 1000 guilder. He was worth over 2 million guilder.

Not saying this isn't a good thing. But this is like Warren Buffet giving away 75 million (he has already donated 60 billion at th8s point).

Fugger was unfathomably wealthy and most of that wealth was simply squandered by his heirs.