Bezos: politicians blame wrong culprit for housing crisis

Jeff Bezos says government intervention and zoning rules, not greedy landlords, are driving the affordability crisis that is fueling socialism's rise.

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Bezos: politicians blame wrong culprit for housing crisis

Jeff Bezos says government intervention and zoning rules, not greedy landlords, are driving the affordability crisis that is fueling socialism's rise.

In brief

Jeff Bezos says government intervention and zoning rules, not greedy landlords, are driving the affordability crisis that is fueling socialism's rise. Jeff Bezos argues that housing affordability, not landlord greed, is the real problem, as record numbers of young Americans view socialism positively. Originally…

Bezos blames government, not landlords

Jeff Bezos told Fox News that politicians wrongly blame greedy landlords for housing costs. The real problem is supply and demand, he said, calling it econ one hundred one.

“It's econ 101”

Young Americans warming to socialism

A Gallup poll released in September found fifty seven percent of Americans ages eighteen to thirty four view socialism positively, compared with forty three percent who view capitalism favorably.

Record support for socialism overall

Record support for socialism overall

Forty three percent of Americans now view socialism positively, the highest share since Gallup began tracking the question in twenty ten.

Homeownership now requires one hundred twenty thousand dollars

At the end of twenty twenty five, a household needed one hundred twenty thousand eight hundred dollars a year to afford payments on the median priced U.S.

Only one third of households can afford median home

Just thirty two percent of U.S.households met the income threshold to afford a median priced home, including only sixteen percent of renter households.

Austin loosened rules and rents fell

Austin added one hundred twenty thousand housing units between twenty fifteen and twenty twenty four.

Austin's gains may not last without more building

Austin loosened zoning rules in twenty fifteen and scrapped minimum parking requirements in twenty twenty three.

What it means

Jeff Bezos argues that housing affordability, not landlord greed, is the real problem, as record numbers of young Americans view socialism positively.

Read the original on Fortune

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