Tweet
It just get worse
Let's get something straight right out of the box: Only a delusional looney tune or someone on the take would call this mess/pig/scam "brilliant".
It's obvious what happened here: someone with an interest in mortgage securities wants to use Canadian rules to develop a pool of free cash with no regards to what happens to those folks down the road.
I asked a friend at II to send me their Canadian request numbers. I hope no one who buys into their "3/52nd" investment, a red flag all by itself, plans to really go anywhere.
Give us your retirement money and on a 15 year right to use, kind of, and we may or may not adjust the sales time so you may or may not make money.
Again, it is investment scam dressed up to look like a vacation offering. By the way it's setup, it fails at both.
Some principles:
1. You should always be able to buy 1/52nd, i.e. a week at a weeks resort, the points equivalent to the lowest week on the board in a points offering if that inventory exists.
2. You should pay how you want to unless you need their financing. This RRSP deal has scam written all over it. If they were serious, they wouldn't care. If you're not using RRSP money/ 401k money for vacations now, this shouldn't make you start. You're smarter than that.
3. Pitching rental is verboten. Pitching resale is verboten. These clowns do both. There's no way on God's planet they can promise any return. You want to go to a resort area, pick up a b&b or a few condos and play investor?? Be my guest. You will do much better on your own than you ever will with captain "brilliant" over here.
4. If the possible return were that great, somebody with a lot more money than you already would have scored it. Oh that's right, to make the scam work, cash on cash is a no-go. We need those pesky retirement funds.
5. You wanna make this a go?? Dump these clowns starting with LaVelle, bring in a real sales team with some minor league financing and do it the normal way. You can even hang with II if your present cleanly. I don't think, just based on what I read off the website and taking to some financial guys up where you folks live, the words "clean" and "Lavelle" go in the same sentence.
Yes, LaVelle, we all do understand it. Please find your marks someplace else. Better yet, get out of my industry since this kind of garbage does not belong.
Let's get something straight right out of the box: Only a delusional looney tune or someone on the take would call this mess/pig/scam "brilliant".
It's obvious what happened here: someone with an interest in mortgage securities wants to use Canadian rules to develop a pool of free cash with no regards to what happens to those folks down the road.
I asked a friend at II to send me their Canadian request numbers. I hope no one who buys into their "3/52nd" investment, a red flag all by itself, plans to really go anywhere.
Give us your retirement money and on a 15 year right to use, kind of, and we may or may not adjust the sales time so you may or may not make money.
Again, it is investment scam dressed up to look like a vacation offering. By the way it's setup, it fails at both.
Some principles:
1. You should always be able to buy 1/52nd, i.e. a week at a weeks resort, the points equivalent to the lowest week on the board in a points offering if that inventory exists.
2. You should pay how you want to unless you need their financing. This RRSP deal has scam written all over it. If they were serious, they wouldn't care. If you're not using RRSP money/ 401k money for vacations now, this shouldn't make you start. You're smarter than that.
3. Pitching rental is verboten. Pitching resale is verboten. These clowns do both. There's no way on God's planet they can promise any return. You want to go to a resort area, pick up a b&b or a few condos and play investor?? Be my guest. You will do much better on your own than you ever will with captain "brilliant" over here.
4. If the possible return were that great, somebody with a lot more money than you already would have scored it. Oh that's right, to make the scam work, cash on cash is a no-go. We need those pesky retirement funds.
5. You wanna make this a go?? Dump these clowns starting with LaVelle, bring in a real sales team with some minor league financing and do it the normal way. You can even hang with II if your present cleanly. I don't think, just based on what I read off the website and taking to some financial guys up where you folks live, the words "clean" and "Lavelle" go in the same sentence.
Yes, LaVelle, we all do understand it. Please find your marks someplace else. Better yet, get out of my industry since this kind of garbage does not belong.
Comment