Fortune Magazine Article Rating

The Californication of the country's housing market

Dec 16, 2023 View Original Article
  • Bias Rating

    -10% Center

  • Reliability

    90% ReliableExcellent

  • Policy Leaning

    -6% Center

  • Politician Portrayal

    -47% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

-7% Negative

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  •   Conservative
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Bias Meter

Contributing sentiments towards policy:

60% : Jenny Schuetz, a senior fellow at Brookings Metro, cites the California Environmental Quality Act enacted in 1970, a forerunner of Nixon's creation of the Environmental Protection Agency later that year.
58% : "The problem isn't a failure of government operation, it's rather, its success," he says.
54% : That same segregationist impulse still drives anti-development sentiment, Resnikoff adds, although it's more often expressed in terms of income these days than in explicitly racial terms.
52% : "In that decade, he argues, new norms, laws and regulations halted and then reversed a century of economic progress, with the Rooseveltian New Deal ethos being gradually replaced by a naked pursuit of profit, expressed in Milton Friedman's famous declaration in the New York Times in 1970 that "the social responsibility of business is to increase profits."
49% : With these changes in local law, plots of land reserved for apartment buildings would now be reserved for either smaller apartment buildings or single-family homes only.
47% : Atlanta, Miami, Tampa, and almost every city in Texas promote themselves as business-friendly, light on regulation, and growth-oriented; in reality, they all have zoning that's not far off from Los Angeles in the 1990s and will eventually run out of physical room to grow, Armlovich says.
46% : By the 1980s, Owens argues, the state knew it was a problem, but the "Reagan revolution" was gaining strength by that point, and with it the core belief that localities knew best and shouldn't accept state oversight on housing.
46% : While engaging communities on issues started from a good place, Schuetz says it's "evolved into this process where extremely wealthy homeowners dominate...and poor people, who are supposed to be prioritized, are in fact not a part of that."To be sure, California's government, aware of these failures, has made some progress: easing the building of accessory dwelling units, permitting streamlining for non-market housing, and encouraging more affordable housing developments.
40% : Essentially, federal funding to build housing was replaced with voucher programs -- and with funding eliminated, public housing production for low-income families stalled.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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