March 11, 2011 — There is a rumor floating around that a certain S. California-based timeshare company is up for sale and that a certain Timeshare Developer based somewhere in the S. W. USA may be interested in acquiring it.
Personally, I don’t know why this company would (allegedly) be on the market but I can’t help but wonder, especially after the devastating depression that Timeshare Developers endured the past couple years, if its continued policy that an annual gross income of $40,000 is sufficient ‘qualification’ to purchase a life-long timeshare interest might have something to do with the company being on the block.
Well, I don’t know that answer either, but here is some unsolicited advice for the alleged ‘buyer’, and it all starts with a complicated financial formula that determines the marketability of ‘shares’ known as the old “Net Income Formula” (or, the bottom line, at the end of the day, or…)
Now to get to that number (net income) you take that colossal $40,000 annual income requirement as a qualification to attend ‘their’ sales presentation, and for a family of one, two/three, four or five you then simply deduct ALL known, customary annual family expenses.
You know, such expenses as food, rent/mortgage, car/insurance payments, repairs, gas, clothing, taxes (city, county, state and federal) as well as medical insurance payments, school supplies/lunches, child-care, computer needs, household maintenance needs, standard utilities including TV cable and wireless accounts, saving for college… And then after you have subtracted all those expenses, VOILA, you get to that “net” income (aka: available disposable money).
Next, all you do is take what is left over from that original $769.23 weekly (gross) income and BAM, you now know exactly how much this family can spare to buy their dream timeshare plan!
Of course if this company that is allegedly ‘4-Sale’ really isn’t but perhaps they are not hitting the numbers that they’d like, then maybe they, too, should reconsider that ‘qualification’ and crunch those ‘income’ requirements befitting the second decade of the 21st century.
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