Birdwatch Note Rating
2024-01-15 11:08:35 UTC - NOT_HELPFUL
Rated by Participant: 9D810881DFC65F03C295C2DF6548DF685F87440B6A87DE6004A00596B7265726
Participant Details
Original Note:
House prices and salary are not the only things that drive affordability and accessibility of buying a house. interest rate on mortgages, size of deposit required and risk tolerance of banks affect affordability. Eg. Interest rates were higher in the 1970s compared to today https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate
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