> Am I missing something fundamental? How does it make sense to borrow $100 and lock up $150 for the lifetime of the loan? Great question, I was just as dumbfo

> Am I missing something fundamental? How does it make sense to borrow $100 and lock up $150 for the lifetime of the loan? Great question, I was just as dumbfounded as you are. Answered below in another sub-thread, which I believe you're also participating in: https://news.ycombinator.com/item?id=26162914 https://news.ycombinator.com/item?id=26162914