Birdwatch Archive

Birdwatch Note Rating

2024-07-31 23:02:01 UTC - HELPFUL

Rated by Participant: CE838CE37E44A843394C974F4656B9934F8D08A2131762A4A642E7D4A8BFC35C
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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Original Tweet

All Information

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  • agree - 0
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  • helpfulnessLevel - HELPFUL
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