To All Tahoma residents:
Diamond Resorts International, owners of the Tahoe Beach and Ski Club in South Lake, have been exposed this Sunday by NY Times finance writer/author Gretchen Morgenson. The "resort" is a time share establishment that markets timeshares to unsuspecting buyers who fall victims to the lies and hardsell tactics that take advantage of the ignorance of potential customers.
Her long article in the Sunday business section gives exact details of what has happened to owners who are forced to pay exorbitant, ever-increasing fees for maintenance, operations, and future upgrades. The company, run by a slick operator, Stephen J. Cloobeck, has seen its company's shares drop by 37 % since last March. In the article, she shares details of one customer's nightmare as the she was harangued by sales representatives for 5 hours before they "released" her. They had already billed her credit card $4, 495. which they were smart enough to negate as she left. The 77- year old woman was in shock after the experience.
Word to the wise: avoid all timeshare deals like the plague. They are a loser's game. Nobody wins here but the house. Who like those odds? Nobody, but the house. In this case- Diamond Resorts International, run by Stephen J. Cloobeck. And he plays golf with Obama!
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