The neighbor on the corner is doing that!!! He has not made a payment in almost 2 years. I mean, hes putting the money in savings just to be safe, but they just simply forgot about him. He keeps as little there as possible in case they try to kick him out... but has saved about $40k since foreclosing.
Outside of this house and a car I'm done with credit. If I cant buy it with cash I need it.