I suppose it's good in some sense, but misses a much deeper problem: Median property prices have increased by almost four times as much as median incomes since 1960... so being able to afford rent/mortgage, PERIOD, is a much bigger deal in 2020 than it was even 30 years ago.

My wife used to be a mortgage broker way back when, and one of the many affordability metrics they used to determine whether someone could afford a home or rent was the price-to-income ratio... 2.6 or lower (meaning 2.6 years of gross income covers the price of the house) was considered *"acceptable." There's hardly any metro area in the US that's in the acceptable range anymore.

Our daughter (29) and her fiancé just bought a home in nearby Seattle... where the median price-to-income ratio is about 5.7; they paid just shy of $500K for a 40-year old 3/1 "fixer," with pretty much everything wrong with it.

Covid relief or not, people can't afford to live anymore... and meanwhile, builders only seem interested in putting up "luxury" dwellings; nobody's building basic $175K "starter homes."