http://online.wsj.com/article/SB123025158419834413.html?mod=yhoofrontIn This Picturesque Village, the Rent Hasn't Been Raised Since 1520
Tenants in German Enclave Pray Daily, For Good Fortune and the Souls of Bankers
By MIKE ESTERL
AUGSBURG, Germany -- Every day, retired florist Rita Wunderle prays for the souls of bankers.
Despite daily headlines about banker-fueled economic crisis and an alleged $50 billion Ponzi scheme, her 145 neighbors pray, too.
Mrs. Wunderle lives in the Fuggerei, a Roman Catholic housing settlement for the poor that Jakob Fugger "The Rich" built in this southern German city nearly 500 years ago. Praying for Mr. Fugger and his descendants to enter the Pearly Gates is a condition for living here, at an annual rent of 1 Rhein guilder, the same as in 1520. In today's money, that's 88 euro cents, or about $1.23.
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Three Prayers
They promise to say three prayers -- the Lord's Prayer, Hail Mary and the Apostles' Creed -- each day to boost the celestial ambitions of the Fuggers. To remind them, the family built a church inside the entrance gate.