This was triggered by news today in my home state of California, where a powerful legislator wants to spend $10 billion of our (temporary bumper) surplus subsidizing housing
For some reason, the media really doesn’t want to spread the message “we need to build more housing”. One theory is that many of the older journalists own property and don’t want more construction in their neighborhoods. This doesn’t seem like a very good explanation as then we might predict the younger journalists who don’t own property would push to build more.
A second theory is that the media is currently pushing the narrative of rich oppressing the poor and this explanation doesn’t fit with this narrative. This seems more likely. Many journalists are struggling financially due to the shift to online, so even if the housing market were fixed it likely wouldn’t fix their issues. Hence they are incentivised to push for a more extensive restructuring of society.
For some reason, the media really doesn’t want to spread the message “we need to build more housing”. One theory is that many of the older journalists own property and don’t want more construction in their neighborhoods. This doesn’t seem like a very good explanation as then we might predict the younger journalists who don’t own property would push to build more.
A second theory is that the media is currently pushing the narrative of rich oppressing the poor and this explanation doesn’t fit with this narrative. This seems more likely. Many journalists are struggling financially due to the shift to online, so even if the housing market were fixed it likely wouldn’t fix their issues. Hence they are incentivised to push for a more extensive restructuring of society.