> You're massively confusing capital accumulation with worker productivity.
No I think it's you who is confused about the difference between capital, which can be moved, is fungible, and property (like mcmansions). The whole point, literally the whole point, of capital markets is enabling people to move their money opportunistically in a way that's impossible with property.
> it depends on historical factors, the local banking sector, time in the market
Do you realize you're talking about Western Europe here and not like some developing nation? And Bavaria no less? Like I wouldn't be at all surprised if some of the extant banks in the area go all the way back to knights of templar.
> As a productive worker I have no control of the other factors that attract investors to my city/country like political instability, corruption, geography, wars on my border, banking, taxes and laws.
Again, Western Europe, not LA or subsaharan Africa or whatever. Germany is without a doubt top 5 in terms of both stability and lack of corruption.