Austin rents falling in response to a surge in supply is framed as a negative even though we all know soaring rents would also be framed as bad news. The most fundamental bias in media is toward negativity. slowboring.com/p/media-negati…
But don't blame the media for the media's relentless negativity — the reason coverages skews that way is that readers like you click and share more on negative stories. You love stories that make you miserable and then you complain you hate the media! slowboring.com/p/the-biggest-…
@mattyglesias I agree that there is a bias toward negativity, but I think the real issue is that there is a bias towards *being interesting* That story doesn't actually frame this as some super negative doom-and-gloom thing. This is a chapter in the classic boomtown-no-longer-booming genre.
@mattyglesias The media also loves winner/loser narratives, which would have been a better headline for this story since there are, in fact, winners and losers.
@mattyglesias How are jobs doing in Austin? Tech layoffs hit hard?
@mattyglesias @Mr_Electrico But mostly during Democratic presidential administrations. And even now, media aren't even realistic about Trump--much less negative, given the facts.
@mattyglesias Food prices plummeting from all time highs! Supermarkets struggle to stay afloat.
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@mattyglesias Anything that reduces rents in aggregate is bad for the same reason that anything that reduces wages in aggregate is bad. Neither high rents or high wages, in aggregate, make anything unaffordable. Housing is a distributional problem Matthew.