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5 hours agoIt’s the social media algorithms, man. Folks think that what they’re being fed is reality, so they never double check the information being given to them.
Full disclosure, I’m just as guilty. For months I had built up this whole narrative about private equity buying up all the houses and causing the current housing crisis. Apparently, private equity only accounts for like 10% of home ownership, and the reality is that we just don’t build enough housing. The issue is the same (and honestly I wouldn’t be surprised to find out that private equity is still at the heart of it somehow), but I allowed the algorithm to show me inaccurate info, and I bought it—hook, line, and sinker.
You’re not wrong, but I’m saying it’s an additional step for folks to take. And why would they when everything they’re seeing is confirming their beliefs?
It’s definitely a problem of media illiteracy.