zubs
Well-known member
I was watching this movie on netflix.com last night. It documents a family building the biggest home in the US. However, the financial crisis hits, and they lose almost all their money from 2008 - 2011.
The family made their money through the Westgate resort time share business. They basically sold $50,000 - $200,000 time shares to anybody with a pulse. They would use free Vegas show tickets to get people to come and listen to their timeshare marketing. In the movie they called their customers "moochers", because the customers wanted free stuff to listen to a sales pitch, so the sales people had no problem selling as much crap to them as possible. No remorse.
A lot of the people who bought the Westgate time shares could not afford the monthly nut, but that didn't stop them from buying. After the people bought the timeshares, Westgate would finance the deal through the banks. All that stopped in 2008.
Check it out. It is very IHB appropriate.
The family made their money through the Westgate resort time share business. They basically sold $50,000 - $200,000 time shares to anybody with a pulse. They would use free Vegas show tickets to get people to come and listen to their timeshare marketing. In the movie they called their customers "moochers", because the customers wanted free stuff to listen to a sales pitch, so the sales people had no problem selling as much crap to them as possible. No remorse.
A lot of the people who bought the Westgate time shares could not afford the monthly nut, but that didn't stop them from buying. After the people bought the timeshares, Westgate would finance the deal through the banks. All that stopped in 2008.
Check it out. It is very IHB appropriate.