For most people rent is the biggest expense they have to face each month and although the prices fluctuate, it seems to have a slight increase each year that is strongly felt for those with a lower income. The increase in rent rates is due to various reasons such as economical inflation, an increase in the housing market, and of course demand.
Many people around the world don’t own a home and the criteria for getting a mortgage are becoming more demanding, therefore in today’s economical situation, fewer people identify as homeowners. Our world is facing major inflation when it comes to renting, one that has not been seen in many years, and experts are only estimating that prices are going to keep rising.
Destroyed and Rebuilt several times
In fact, the complex was destroyed more than three times, with the worst event taking place during the Second World War where 70% of the complex was bombed. However, every time the complex would be demolished, it had been rebuilt accordingly to the same style and traditional architecture. With time the apartments were renovated to stay up with the times, but the outside has been kept the same.
If we look at the price of something very common from 500 years ago such as bread, a loaf would have cost you around 2 cents. 500 years ahead and applying inflation the average price for bread is around 1$. If you want to visit the complex you have to pay an entrance fee that sums up to five years of rent, so around 5$.
Although many people have not heard about this place, it used to be quite popular in its contemporary era. The most famous person that stayed here was actually Mozart’s great grandfather, making it special. What is really special is the community within the complex that helps one another and is very welcoming to the tourists who want to visit the complex as long as they respect the laws and rules.
[historyofyesterday ]
