What is Pro-Growth Bias?

Pro-Growth Bias is reflected in the media by the stories and words chosen, which hint and often trumpet that economic, population, and consumption growth is good and essential. We're here to expose the bias and encourage more balanced and thoughtful journalism. Here you can vote, discuss, and even post stories exemplifying the bias.

Help bust pro-growth bias in the media. Join the Truth Squad.
Donate Now

Explore all our non-profit sustainability initiatives at GrowthBusters.

Register to get email alerts or submit stories.

Housing Recovery Ripples Through Economy

Posted by on in Wall of Shame
  • Font size: Larger Smaller
  • Hits: 999
  • 0 Comments
  • Subscribe to this entry
  • Print

This story could be headlined, “Everything’s Coming Up Roses.” It is a celebration of all things rising. “Home prices are rising, demand is back,” we are told. Clearly rising prices and demand are good news for sellers. But what about buyers? Some are surely priced out of home ownership by these price increases. This is conveniently omitted from this “good news” story. CNN reporter Christine Roman showed up for cheerleader tryouts rather than news reporting on this one.

Plus, the benefits of increasing prices and demand, we are told, have benefits way beyond the sellers of housing: “When you buy a house, or build a house, you are fueling an entire industry, and making opportunities for investing.” The report details how people who buy houses also buy cars, so auto manufacturer stocks are attractive. Companies making the computer chips for the appliances in those houses are also good investment opportunities.

Housing boom stories like this one inevitably ignore the fact that every new subdivision is a decrease in habitat for other species, and every house built takes another bite out of a forest. Increasing demand begets rising prices, and that means someone can make money. Tomorrow CNN will run a story about efforts to make affordable housing available, but that is a subject for another day. We don’t want to interfere with this report’s jubilation over rising prices.

Last modified on
How much fame or shame?:
4

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Wednesday, 03 September 2014

Get Involved!

GrowthBiasBusted.org is an interactive online community where you can vote, discuss and even post stories about bias in the media. Get involved today!
Post Your Own Story

How Can I Help?

This is a donor-supported non-profit project. Your tax-deductible donation allows us to continue pushing the media to improve growth issues coverage.
Donate Now