See time share time-share.
An elaborate marketing scam designed to make victims purchase property that they don't really need. Typically this scam is used in vacation/resort towns like Williamsburg, Myrtle Beach, Las Vegas, and Orlando. After being lured to the places with offers of "Free Disney Tickets" or "Free Money", victims are made to endure a 90-120 minute sales presentation where they are shown around a series of semi-luxurious condos or apartments, and then persuaded to purchase a property using deceptive and highly-pressurized sales pitches. After being shown around a fairly nice-looking apartment complex, the Timeshare salesman and the customer return to the main office to finalize the presentation.
Timeshare Rep: So, did you like the Quazi Glam properties?
Customer: Absolutely! The jacuzzi room was a nice touch, and the ocean view is spectacular.
Timeshare Rep: Now, I need to get my double-digit sales quota today, and I'm running terribly short on time, so let's get down to business. You said you are an Engineer, and you probably make like a shitload of money, so how would you like to purchase an apartment for $2,899 a month for 60 months?
Customer: Those apartments don't look like they cost that much!
Timeshare Rep: Aw come on now, work with me. (scribbles on a paper) Using a hooey mathematical formula I made up while showing you around, you can easily get one paid off in like, 14 months.
Customer: The price still does not justify the quality.
Timeshare Rep: Hmmm. How about I reduce the payment to $2,199 for 54 months. You can even invite your friends and relatives to rent it out and reduce your cost.
Customer: Let me think about it later.
Timeshare Rep: Okay. How about $1,799 for 48 months? I'll even throw in free maintenance and free lunches at the on-site bistro for 3 ... |
