A new report released by Dēmos and People’s Action Institute attributes the nation’s affordability crisis not to economic cycles, but to decades of policy decisions that have concentrated wealth and power among corporate interests and the ultra-wealthy, while simultaneously eroding public investment and democratic accountability.
California Attorney General Rob Bonta announced the creation of a new Affordability Response Team within the California Department of Justice, an initiative designed to investigate and address unlawful business practices contributing to the state’s escalating affordability crisis.
The Consumer Federation of California (CFC) formally endorsed Katie Porter and Tom Steyer in advance of California’s June 2 primary election. The organization cited both candidates’ demonstrated engagement with consumer protection policy and their proposed solutions addressing affordability concerns impacting residents statewide.
Economic analysis challenges the assertion that inflation is exclusively a monetary phenomenon, citing historical precedents. Instances such as the hyperinflationary periods in Weimar Germany and Zimbabwe, alongside the 1970s U.S. oil crisis, demonstrate that scarcity and supply chain disruptions frequently serve as primary drivers of inflationary pressures.
Eric Jones is committed to rejecting corporate PAC money and prioritizing the needs of everyday people, while Representative Mike Thompson has accepted significant financial support from corporate PACs, raising concerns about accountability and trust in government.
Austin, Texas has seen a 16% decrease in median rent between 2021 and 2026 due to the construction of 120,000 new housing units, demonstrating that increasing housing supply can help to ease price pressure.
Eric Jones is a progressive politician running on a platform of ending monopoly abuses, expanding Medicare, providing universal childcare, and increasing taxes on the wealthy to pay for investments.
California’s housing growth over the past five years has been among the slowest in the country, contributing to the state’s ongoing affordability crisis, with the typical Californian paying $2,280 a month for housing, 70% above the national average.
The California State Senate passed the Abundant & Affordable Homes Near Transit Act, which will allow more homes to be built near major public transportation stops and on land owned by transit agencies, in an effort to address the state’s affordability crisis.
California’s housing affordability crisis has deepened, with only 15% of households able to afford to purchase a home in 2025, compared to 34% nationwide, due to rising interest rates and home prices.
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