Oh, you mean as the destination of the money. But I wouldn’t be too quick to use this as criteria. Lots of people use loans like that because they get poor. Think HELOC, reverse mortgages,… Having a minimum value below which you are exempt seems much better.
Oh, you mean as the destination of the money. But I wouldn’t be too quick to use this as criteria. Lots of people use loans like that because they get poor. Think HELOC, reverse mortgages,… Having a minimum value below which you are exempt seems much better.
I didn’t exclude that from my comment.
One of the differences is with a heloc you have to make payments. The loans Elon gets for example don’t have payments.
They can live this way for years.
I’m not opposed to rich people. I’m opposed to gaming the system.