Birdwatch Note Rating
2023-07-08 00:57:48 UTC - HELPFUL
Rated by Participant: 4DE8F32B89A190C24A78C62ADC7234C81C6AB1374A999AA48B02039D765B6E6E
Participant Details
Original Note:
Based on the inflation calculator from officialdata.org; in Canada, $10,800 in the year 1981 (when mortgage rates reached 18%+) equates to $33,005 in today’s dollars. Additionally, forms of credit to finance other purchases in 1980’s weren’t as plentiful and harder to access. https://www.officialdata.org/canada/inflation/1980?amount=10800
All Note Details