How do you typically value (or devalue) a stripped contract? Example: Resort A normal resale market price is $175/pt. Assuming 100 points, this means 100/100 2018, 100/100 2019, etc. Resort A stripped: 0/100 2018, 0/100 2019, 100/100 2020. How much do you value the stripped version of resort A if normal market price fully loaded is $175? Scenario Consideration: My assumption here is that dues are $5/point and simply renting the points would net at least $15/point. Rent = $3k M.F. = $1k Net Variance = $2k If 175/pt fully loaded contract = $17500 do you then offer $15500 to offset the obvious loss? Just curious to see how others view this. Thanks!