Re:ProPublica's tax story
by gruez on Tuesday June 08, 2021 @10:34PM
(#27443615)
...by taking out loans and not paying them back? I'm not sure why any bank would sign up for that.
[ Parent
| on HN ]
Re:ProPublica's tax story
by triceratops on Wednesday June 09, 2021 @12:34AM
(#27444245)
A HELOC is one example of a loan whose principal never needs to be paid off. As long as you keep making interest payments and the house keeps its value, the bank is happy.