January 24, 2011

We read that there will be 10,000 or so "Baby Boomers" coming of age each day after January 1, 2011 for the next 12 to 15 years. Coming of age means retiring. Wow!

Our important take away from the article is scams will likely be on the rise. In fact, the Grand Luxxe Residence Club issued a warning on January 18. This is the second in about six months. It is a problem.

Aimfair Members are also concerned. Several have been in contact with the companies listed in Possible Scams. In particular, John followed up an asked:

- Why not contact the FBI when you come across a possible scam?

You can! Follow this link: FBI Internet Crime Complaint Center (IC3) and use his FBI specific ID: "I 1101212153044412" to gain access. Leave the details of the scam on their form. Of course, you can ask us to post the company and deal here too.

The bottom line is scam artists are coming out of the woodwork.

Although we all believe our Vida contracts are valuable and would like to make back some of our money through rentals or an outright sale, the fact of the matter is the market for timeshare contracts is governed by supply and demand, not companies that claim to have relationships that offer prices that are too good to be true.

We are very happy with what we purchased and hope you are too. It is tempting to think we can get more than the market will bear. But, in our view, it is likely too good to be true.