Birdwatch Note Rating
2024-01-14 15:51:31 UTC - NOT_HELPFUL
Rated by Participant: CBA83D2D94E09E42FA4889F97EEE28FBD94B52BD1AB1EDB0AA4203351E53D7F8
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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