Is it feasible to live in Thailand long-term using tourist visa exemptions and extensions?

The discussion revolves around a method of staying in Thailand for an extended period through the use of tourist visa exemptions and extensions. The original poster suggests a strategy involving a 60-day entry stamp, a 30-day extension, and short trips to neighboring countries to reset the visa clock, totaling around 150 days in Thailand within a year. However, several comments caution against this plan, highlighting risks such as being questioned at immigration about frequent returns, the potential for refusal of entry, and legal requirements for a proper long-term visa (like the DTV) for those looking to reside in Thailand rather than just visiting. There are also discussions on banking requirements and tax implications if one spends a significant amount of time in Thailand.