> Maybe in a perfect world with equally distributed wealth it might be the case. But normally all cities have well connected wealthier groups inside. So, you a

> Maybe in a perfect world with equally distributed wealth it might be the case. But normally all cities have well connected wealthier groups inside. So, you are positing that the wealthy elite of Munich have come together and agreed not to build high density housing so that they can all make more money, even though if any one of them defects and builds an apartment building they personally would make more money than everyone else?