Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market

Your anecdote does not disprove the fact that nearly half a trillion dollars is estimated to have been frauded from the US Govt. via PPP and other Trump COVID policies

Then who should manage it?

Maybe, like, I dunno, affordable, community owned-and-managed housing, where living costs aren't determined by what color Corvette the landlord wants this year, would be a good start.