05.04.21 A timeshare scammer spills trade secrets / HELP WANTED with job training, not hand outs.
The Clark Howard Podcast
Clark Howard
4.6 • 5.2K Ratings
🗓️ 4 May 2021
⏱️ 23 minutes
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| 0:00.0 | This is my pleasure to welcome you to the Clark Howard Show, our mission to serve and empower |
| 0:11.6 | you so you make better financial decisions in your life. |
| 0:15.8 | Today's episode, I'm going to start out with what I consider to be a dirty word in the |
| 0:21.1 | travel industry. |
| 0:22.5 | Time shares. |
| 0:23.5 | What I share with you with an insider has said is really happening to those trying to |
| 0:29.5 | get rid of their burden of a timeshare they don't want. |
| 0:34.4 | Also do you think your fellow American just wants handouts that they want to just sit |
| 0:39.8 | on their rear ends and not work? |
| 0:42.2 | A new survey says, hmm, have more faith in your fellow Americans. |
| 0:48.6 | So somebody you should not have faith in is somebody who says, hey, that timeshare |
| 0:54.5 | you got? |
| 0:55.5 | I'm going to help you get rid of it. |
| 0:58.5 | Well, there is a story in Kipplinger magazine where they had an insider who worked ripping |
| 1:09.8 | people off who were stuck with timeshairs they didn't want. |
| 1:15.4 | And this story is so disturbing. |
| 1:19.5 | It's beyond belief. |
| 1:20.5 | First of all, you have a condo building, let's say, let's just call it a condo building. |
| 1:27.7 | And a developer selling out that condo building and has 100 units in it. |
| 1:33.0 | They have to sell 100 properties, one real estate closing each. |
| 1:38.8 | Let's say that condo building becomes a timeshare instead. |
| 1:44.3 | How many times do they have to sell each unit? |
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