Category Archives: timeshares for sale

Americans Don’t Like To Commit To Timeshares

When the housing market was strong, American’s believed in a future full of commitment. Buy one car and keep it for 20 years, save and buy a house, marry one person for life.

But the housing crash and ‘foreclosure nation’ we live in now is a reflection of how commitment-phobic people are these days. Cars are being leased instead of bought. When cars are bought, they’re being traded in after just a few years. The average age of people getting married is steadily rising. It now stands at 29, whereas it was 26.4 in 2000.

The X Generation has seen their parents go through hard times, with divorce and unemployment rates climbing steadily over the last 10 years. That has led to a young group of people that are very hesitant to commit to anything.

There is a scarcity in buyers at both the home and automotive levels. With jobs that were solid just 20 years ago (like those in the Post Office or Government) now seemingly tenuous, it’s easy to understand why 30-and-unders don’t want to commit to long-term deals. Even pre-paid phone ownership is on the rise, as discount dealers such as Metro PCS and Virgin have seen great rises in their cellular business. Gyms, viewed by most as expendable income, have stopped offering 48 and 36-month long contracts, and increasinging amounts are offering month-to-month deals.

Timeshare sales are a common impulse buy that has seen a number of factors in its decline. First, people don’t have expendable money to go on yearly vacations to the same place anymore, so they don’t want timeshares. They also come with lifetime commitments, or perpetual contracts that even extend to the children of the buyer. The yearly financial burden of something that is rarely used is the first cut in a budget-conscious family (this is often why cable TV service is being discontinued by many).

These conservative leaning practices are leading towards a decreasing national credit debt. The Federal Reserve said total consumer credit in November 2010 was $2.48 trillion, down 3.3% from 2008.

Convicted Felons Arrested in Timeshare Resale Scam

Federal Bureau of Investigation agents raided a Fort Lauderdale, Florida office July of last year, and are now taking testimony from thirteen former employees of Timeshare Mega Media and Marketing group as they build a case against timeshare resale con artists.

Joseph “Joey” Crapella and Pasquale “Posh” Pappalardo started the company and made over $5 million dollars in less than a year. The scam was simple: The company said they had a buyer for their timeshare, but they had to put up money upfront as part of an “administrative fee.” This money was promised to be returned to the timeshare owner at a later date. For this service, clients spent as much as $10,000.

But the buyers never existed, and now the Federal Trade Commission has arrested 15 low-level employees of Timeshare Mega Media. 13 have pleaded guilty to conspiracy to commit mail and wire fraud, charges that can carry up to five years in prison. All sentences are pending.

Mr. Pappalardo served six years in prison in the mid-1990’s on drug, firearms and counterfeit money charges. Mr. Crapella spent eight years in a Florida prison after being convicted of racketeering and grand theft involving vending machines.

Transfer Smart is not a resale or listing agency. They offer a 100%, In-Writing Guarantee that they can get you out of a timeshare contract today. Call them today at 866-906-4494 and find about the exit solutions we offer.

Christmas Day Sports

The National Basketball Association finally kicked off its 2011-2012 season yesterday with a five game cross country marathon.

Beginning in New York City with Atlantic division rivals the Boston Celtics visiting the Knicks, and ending in Oakland with the Los Angeles Clippers taking on the Golden State Warriors, there were more than 15 hours of pro basketball on TV yesterday; a welcome sight after the entire season was in jeopardy just less than a month ago.

New York, Miami, Chicago, Oklahoma City and the L.A. Clippers all posted wins, besting Boston, Dallas, the L.A. Lakers, Orlando, and Golden State, respectively.

Easily the most thrilling game of the day was the Miami Heat in their revenge match against the Dallas Mavericks. After losing the last game of the last season, and therefore the NBA championship on that same floor back in June, the Heat were red-hot all game, leading by as much as 33 points and never trailing throughout the matchup. The Heat lost the championship four games to two last year to the Mavericks, and played with a chip on their shoulder. And according to their best player, LeBron James, all they have to go from here is up.

“I got a lot of work to do still,” James said matter-of-factly. “I’m just a better player than I was last year.”

The National Football League got in on the action as well, offering a marquee primetime matchup: the Chicago Bears visiting pro football’s defending Superbowl Champions, the Green Bay Packers.

Aaron Rodgers, by far the best player on the league’s best team, threw five touchdown passes as the Packers beat the Bears 35-21.

The Packers are so successful, they have already earned the number one see in the playoffs and the only question is whether they should play their starters in their season finale or rest them for game one of the playoffs, avoiding possible injury.

Packers coach Mike McCarthy weighed in on the situation: “We’ll look at all of our options,” McCarthy said. “But I’m not going to stand here and tell you we want to give away opportunities to win the game. We’re going to play to win the game next week. I’m not real excited about a division opponent coming in here and think we’re not going to do everything we can to get to 15-1. But health is an issue for us. I think that’s stating the obvious.”

Winning or losing their season finale will not matter to the Pack, who go into the playoffs as the Superbowl favorites.