LOW RENTS
Houses with rents as low as 4s a year are to be found at Auguburg, South Bavaria, and they have not been empty since they were built—4oo years ago. Recognised as "the cheapest, homes in all Germany," they are among; fifty-three houses built by the German banker, Jacob Fugger, in 1520 "as a remarkable social experiment." Endowed by the Fugger family, "the richest in the world in their day," the] houses were for "respectable old couples who may thus spend their last days in peace and security." The Fugger settlement today has a very contented population for 106 persons. Yearly rent for a small house is only two marks six pfennigs (about 4s).
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https://paperspast.natlib.govt.nz/newspapers/EP19351210.2.127
Bibliographic details
Evening Post, Volume CXX, Issue 140, 10 December 1935, Page 17
Word Count
115LOW RENTS Evening Post, Volume CXX, Issue 140, 10 December 1935, Page 17
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