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My personal favorite on the page that came up, "my timeshare salesman was Dave Ramsey's financial advisor.
After doing loans for 30 years, I have never (as in ever) run across a timeshare sales person. So that made me curious to pull the average income and was a bit surprised.
But then, I read a little closer, those were not sales results - if you drill down into each listing, it includes all jobs by that company. So, I tried to dig deeper and found this:
According to this site, the average salary is just 42K per year. Even if they paid 3x that amount, the stress of high pressure sales would make me sick. I am in sales and detest harping or sitting on someone. There's always a loan officer that won't let go of a lead, even after a buyer has applied elsewhere, they keep calling that buyer with quotes to move their loan. Sorry, I cannot do it. I've never sat in on a time share presentation, but in the right mood, it could be entertaining. I would probably dissect the sales techniques used (and grade their spiel). I can just picture their face after giving them a written review on how they did.
1) it's not a "investment", it's not to try and make money on. It is a luxury purchase. no different than if some one purchases a boat or a fur coat or 10,000 rhinestone boots.
Yeah, but when you die your heirs can sell or donate the boat or boots. If they don't want the timeshare, it's gonna be a little trickier to get rid of that albatross:
rchases. But when you buy a pair of 10,000 rhinestone boots, you can pay for it in cash, with a credit card that charges 35% interest or one that charges 6% interest and pays you back 1% on your purchases or maybe the store has a layaway plan (if those are still around). You have a choice in how you pay and the financial instrument that you use should be a matter of the head, not the heart. If your heart leads you to want to vacation in Hawaii and stay in a two bedroom apartment, there are many choices in financial arrangements to do this and your choice should be the one that makes the most financial sense (i.e. choose with your head, not your heart). Same with your choice of a mortgage. Or life insurance. Or a mutual fund. I do not agree with your view that you can suspend logic because a timeshare is an emotional luxury purchase (unless you get excited looking at a statement with a balance of points on it).
Not sure i understand? You get the same options for all of the above. I paid cash for my timeshare. i could have put it on the cc, I could have got a loan.
I do get excited looking at my statement because the represent something. A vacation opportunity. I look at you tube videos of the resort on blue rainy days because it makes me feel better. lol weird I know.
No I don't always go with the option that makes the most "financial sense". I no longer fly coach, ever. when I fly I fly first class or business I hate being cooped up in the sardine cans that pass for coach. If I can't fly first class (which is the least financial sense option) I stay home.
No when I go to a hotel I rarely go with the room that makes the most financial sense. I go with the room that will give me the view that I want & the amenities that I want and the location I want. So when I research price is the Last thing that I even look up.
Whenever you hear the word timeshare run, they are worthless, the companies don't even want them back even after they are paid off because they have an unlimited supply of weeks and just profit off the expensive maintenance fees. If you try to use it they will tell you that they have no availability when you want it so they can charge you more to switch to a different property that they own. Now they are calling them vacation clubs but it'st he same junk with a name that tries to fool you and they sell points which can be worse. The only thing worse than a timeshare is Scientology.
Yeah, but when you die your heirs can sell or donate the boat or boots. If they don't want the timeshare, it's gonna be a little trickier to get rid of that albatross:
very true but you know what,
My kids each got a college degree loan free
Free trips across America, plus London and Paris throughout their youth
and when I die most likely they will get an apartment building and a townhouse in Philly
plus whatever money is left in my retirement accounts.
Oh yeah my heart is going to bleed because they have to dump a timeshare. I own at disney so I doubt that will be an issue.
Seriously, I never can understand seniors who leave their kids tens of thousands of dollars (often more) and then stress because the little buggers MAY have to pay taxes on it.
lol, tell you what, some one leave me 100K. I will gladly pay the taxes on it.
I get it though. They work for a very narrow bunch of folks
Last edited by eliza61nyc; 10-27-2017 at 10:13 AM..
You should. Car dealers don't have a thing on timeshare reps. Part of me wonders how they can get away with it legally, but then I think that there wouldn't be a way to quantify "high pressure" vs. "low pressure" sales tactics. How would a judge determine if the company illegally strongarmed the customer into buying?
There are lots of things you can't legally do to get people to buy stuff. I'm sure someone has tried almost all of them. Holding someone against their will is one of those things, which is why you are always free to leave these presentations (they may not give you the thing they promised to, however). Threatening someone is another, as is assaulting them. Lots of other illegal sales tactics that are classified as fraud.
Not sure i understand? You get the same options for all of the above. I paid cash for my timeshare. i could have put it on the cc, I could have got a loan.
I do get excited looking at my statement because the represent something. A vacation opportunity. I look at you tube videos of the resort on blue rainy days because it makes me feel better. lol weird I know.
No I don't always go with the option that makes the most "financial sense". I no longer fly coach, ever. when I fly I fly first class or business I hate being cooped up in the sardine cans that pass for coach. If I can't fly first class (which is the least financial sense option) I stay home.
No when I go to a hotel I rarely go with the room that makes the most financial sense. I go with the room that will give me the view that I want & the amenities that I want and the location I want. So when I research price is the Last thing that I even look up.
You're completely missing the point which is very simple. 'Timeshare' is not a vacation or a hotel or an apartment. It's simply a financial instrument to pay for vacations or let's just say a way to pay for vacations. Normally people choose financial instruments like loans, credit cards, leases, etc on their financial merits. I am not talking about choosing rooms or vacations based on financial sense, I'm talking about selecting the funding method (timeshare, rent, buy, etc) on financial merits.
Seriously, I never can understand seniors who leave their kids tens of thousands of dollars (often more) and then stress because the little buggers MAY have to pay taxes on it.
Unless the kids are being left millions of dollars, there's no concern about them paying taxes on the inheritance. Over $5 million can be left as an inheritance tax free (lifetime gifts could come into play).
You're completely missing the point which is very simple. 'Timeshare' is not a vacation or a hotel or an apartment. It's simply a financial instrument to pay for vacations or let's just say a way to pay for vacations. Normally people choose financial instruments like loans, credit cards, leases, etc on their financial merits. I am not talking about choosing rooms or vacations based on financial sense, I'm talking about selecting the funding method (timeshare, rent, buy, etc) on financial merits.
And your missing my point. This was not a decision made financial merits.
Whether you call a vacation, a box or an annuity
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