2 is an interesting question.
I think there will be quite a few furious direct Riviera owners (myself included) who will not be too happy if they add a new addition to a resort that is not subject to resale restrictions. I can only imagine that would severely wound Riviera direct sales if competing head to head with a VGF that has no such restrictions. If VGF 2.0 comes online in 2022, I don't think Riviera will be anywhere near sold out by then.
This leads me to think that the direct price for VGF would be so inflated that new buyers would potentially have a serious value dilemma in determining which to purchase. VGF Restriction free, but possibly priced at $255.00 per point, or Riviera Direct with resale restrictions but priced over $55.00 per point lower. That could be a compelling and not an easy choice. Personally, I prefer Riviera to VGF, but am aware of the drawbacks especially in regards to the resale restrictions. I would be tempted to purchase VGF, but would probably double down on Riviera even with the restrictions if there was a $55 per point spread between the two.
Buckle up, this will be interesting.