Birdwatch Note
2024-07-30 23:12:51 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING
Statement is misleading in that it ignores market impacts on price. Allowing 30yr mortgages will reduce payments only if the selling prices of homes are unaffected. Prices are market-driven and will respond to additional buying power made available by the longer amortization. https://www.questrade.com/questmortgage/learning/first-time-home-buyers/the-real-estate-cycle-and-property-value/factors-affecting-real-estate-prices
Written by DBD8CE8AD0F52ED215EA9B916039A195BC94377EF9E9DA2AC016FD8D89B41681
Participant Details
Original Tweet
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All Information
- ID - 1818424548058079614
- noteId - 1818424548058079614
- participantId -
- noteAuthorParticipantId - DBD8CE8AD0F52ED215EA9B916039A195BC94377EF9E9DA2AC016FD8D89B41681 Participant Details
- createdAtMillis - 1722381171608
- tweetId - 1818303501404909804
- classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
- believable -
- harmful -
- validationDifficulty -
- misleadingOther - 0
- misleadingFactualError - 0
- misleadingManipulatedMedia - 0
- misleadingOutdatedInformation - 0
- misleadingMissingImportantContext - 1
- misleadingUnverifiedClaimAsFact - 0
- misleadingSatire - 0
- notMisleadingOther - 0
- notMisleadingFactuallyCorrect - 0
- notMisleadingOutdatedButNotWhenWritten - 0
- notMisleadingClearlySatire - 0
- notMisleadingPersonalOpinion - 0
- trustworthySources - 1
- summary
- Statement is misleading in that it ignores market impacts on price. Allowing 30yr mortgages will reduce payments only if the selling prices of homes are unaffected. Prices are market-driven and will respond to additional buying power made available by the longer amortization. https://www.questrade.com/questmortgage/learning/first-time-home-buyers/the-real-estate-cycle-and-property-value/factors-affecting-real-estate-prices
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