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by webjprgm
5201 days ago
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And this does have real value. Myself and 2 other friends were this close to doing exactly what Leaky is doing, but I (the programmer) did not want to spend a lot of time implementing that price prediction model off of hard-to-read (and constantly changing!) legal documents. From the previous HN post a few days ago, multiple people raised the concern that Leaky quotes them at twice what they are actually paying. Someone else said that without looking up a credit score the rates are basically worthless. So I still have my doubts as to the accuracy of Leaky's data, even though they say it's within 1%. Maybe that's 1% given some default middle-ground credit score? I was told that the rates insurers file change frequently. So I'm also interested to see how quickly Leaky can stay on top of up-to-date results. That's my second accuracy-related concern. If these concerns did not exist, I'd already be in this business. I'm sure the same can be said of other people. In fact, I assumed that with such an obvious need for a business like Leaky the absence of such suggested a higher barrier to entry than is visible at first blush. I think what happened in Leaky's case is that they were too naive to know they were being naive, and then kept pushing on it anyway. Isn't that a Steve Jobs quote or something? |
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I believe it's Emerson. But Steve Jobs might well have adopted it, like the fake Leonardo quote ("simplicity is the ultimate sophistication" - actually William Gaddis) and the fake Picasso one ("great artists steal" - actually T.S. Eliot).