This is about as close to a free lunch as you’re ever going to find in investing. It’s heads I win, tails the bank loses.https://twitter.com/LAForeverHall/status/1254193270009155585 …
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(Besides the ethical issue of borrowing money and not playing it back) the problem is that defaulting still screws up your credit. Every loan application I sign has a "have you ever defaulted on a loan" question.
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Guess that is a problem, yes, if you plan to use credit again sometime soon. For most people it’s probably a very +EV trade to make though.
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Ah, ok. It makes total sense! Given I plan to never do something like that, I hadn't considered it in the realm of possibilities. Old school, I guess, that I plan to repay the money I borrow. *shrug*
Thanks. Twitter will use this to make your timeline better. UndoUndo
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