Carolinian
TUG Member
Last night I was bidding on a couple of summer OBX weeks on eBay. Yeah the bargain basement of timeshare resales where so many weeks go at around a dollar, and at the low time of the year for their prices. I thought I might get a couple of weeks I could make some money on renting through the local timeshare rental / resale specialist.
Both weeks went over $3.000 each, certainly still less than they are worth, but not the huge bargain I had hoped for with eBay. So I let them go.
But that got me to thinking. Both sellers were outlets for PCC's. That meant that is each case some poor sap was conned into paying around $3,000 to have a PCC take the week off their hands, and then the PCC turned around and sold it for $3,000, a hefty $6.000 profit. And undoubtedly, in the presentation in some motel meeting room, the suckers were told that timeshares do not sell on eBay, that they are listed at $1 and get no takers.
We really need to demand some action from our law enforcement officials to put a stop to the PCC frauds.
Oh, and I missed the fun of making the PCC sellers follow North Carolina law on the closings!
Both weeks went over $3.000 each, certainly still less than they are worth, but not the huge bargain I had hoped for with eBay. So I let them go.
But that got me to thinking. Both sellers were outlets for PCC's. That meant that is each case some poor sap was conned into paying around $3,000 to have a PCC take the week off their hands, and then the PCC turned around and sold it for $3,000, a hefty $6.000 profit. And undoubtedly, in the presentation in some motel meeting room, the suckers were told that timeshares do not sell on eBay, that they are listed at $1 and get no takers.
We really need to demand some action from our law enforcement officials to put a stop to the PCC frauds.
Oh, and I missed the fun of making the PCC sellers follow North Carolina law on the closings!