Birdwatch Note Rating
2023-07-08 09:51:19 UTC - HELPFUL
Rated by Participant: 9BBC91704F87AF903B775C4BB351B2F1E6C43F67A5D23CA443B3BC2908CD0ACD
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