Also, even if I was going to buy resale, now is a bad time to purchase VGF even at prices currently considered a good deal, the $170-$180 range. If VGF2 opens at an even semi-reasonable price per point, it’s going to drive the resale price down to the $160 range, or less, so in my opinion any resale VGF contract purchased now is guaranteed a somewhat substantial loss. And if the resale purchase price is even close to what is now being asked, or over $180, or $190, or heaven forbid $200, the loss will be even larger. Who wants that?
Paul, You raise a valid point. I was comfortable as I view the purchase price on mine as $160pp rather than $180pp since it came with double points in the first year. I paid no dues on the points that had been banked from 2020 and will easily rent those for $20pp, bringing my "net" price down to $160pp. I'm pretty certain that whatever incentives are offered for VGF2, it won't bring the price down below the current Riviera promotional pricing which is only $6 off a 100 point contract (or $195). Rod