Birdwatch Note Rating
2024-01-14 15:30:38 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FC0CECC87AF2ECAF10E3915DDF8A5311E47578159C6CCB924EE5F15295416059
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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