While in Cabo we went to two timeshare presentations. The new tactic for us was "Walk Away Insurance" or "Equity Annuity Trust".
The Hacienda Encantada contract offered to guarantee to buy back our new 1BR for $37K after 10 years for an initial investment cost of $2900.
The Bloom contract was very similar but we did not get as far as working out the final financial details.
These are obviously outrageous return rates so they cause you to wonder.
Has anyone had experience working with such systems? Are they proved to be legit?
The Hacienda Encantada contract offered to guarantee to buy back our new 1BR for $37K after 10 years for an initial investment cost of $2900.
The Bloom contract was very similar but we did not get as far as working out the final financial details.
These are obviously outrageous return rates so they cause you to wonder.
Has anyone had experience working with such systems? Are they proved to be legit?