Birdwatch Note Rating
2024-08-02 10:02:29 UTC - HELPFUL
Rated by Participant: D0A3B676C63A2E3805C2BC81CE22C627DDB1E2414C9462CE369CC1A4C5E46065
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
All Note Details