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Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market (finance.yahoo.com)

submitted 9 months ago by farcaster@lemmy.world to c/economics@lemmy.world

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[–] halcyoncmdr@lemmy.world 0 points 9 months ago* (last edited 9 months ago) (2 children)

The PPP itself was just fine, Trump got rid of the independent oversight watchdog that was to look over it. And months later once it was trying to hobble its way back to oversight, the administration instructed government agencies to be as uncooperative as possible. So of course without a watchdog, the foxes took everything they could from the hen house. The program itself wasn't the issue.

https://apnews.com/article/virus-outbreak-donald-trump-ap-top-news-politics-health-cc921bccf9f7abd27da996ef772823e4

https://www.reuters.com/article/idUSKBN23M2XC/

[–] wintermute_oregon@lemm.ee 0 points 9 months ago

The intent was good. The execution was bad. The government has been clawing back funds and putting people in prison. They had a time crunch to get it done and that led to some issues

[–] Anticorp@lemmy.world 0 points 9 months ago

Trump got rid of the independent oversight watchdog that was to look over it.

And unsurprisingly billions of dollars disappeared shortly afterwards.