Birdwatch Note Rating
2024-07-31 05:26:43 UTC - HELPFUL
Rated by Participant: AB5E432A2B7EDD10DEFC343CD80462966EAFD90DECE54C2FF5B5A16E47909185
Participant Details
Original Note:
Statement is misleading in that it ignores market impacts on price. Allowing 30yr mortgages will reduce payments only if the selling prices of homes are unaffected. Prices are market-driven and will respond to additional buying power made available by the longer amortization. https://www.questrade.com/questmortgage/learning/first-time-home-buyers/the-real-estate-cycle-and-property-value/factors-affecting-real-estate-prices
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