The problem is that a lot of prime real estate is taken over by an army of hotels that are only at ~50-60% load on average [1] but packed during Oktoberfest and the Bauma trade fair with prices skyrocketing to hundreds, even thousands of euros per night [2]. On top of that come all the more or less legal AirBnBs which are just as much of a goldmine, with Oktoberfest yielding enough to pay for a whole year worth of rent.
Fuck that completely unsustainable shit. I'm sick of the exploding rents, cost of living in this shithole of a city, and by the looks of it I'll be out in a year.
[1] https://de.statista.com/statistik/daten/studie/319560/umfrag...
[2] https://www.merkur.de/lokales/muenchen/oktoberfest/oktoberfe...