This is the one thing that interested me that I don’t really follow…but I know you do.They picked up roughly double as many points last year for sold out resorts via ROFR/foreclosure/surrender/etc as they actually sold. I think they’re just overloaded. And I think specifically raising OKW/SSR/AKV/BRV up to/past $200 halted sales on them FAR more than they planned.
I haven’t been tracking what’s happening with foreclosures this year so far, but in the 2009-10 suspension of ROFR, another major driver was that foreclosures increased beyond what they could sell.
So maybe you could explain what kind of temporary insanity would have someone buy a 50% used contract for 4x it’s original price?
It’s not a Victorian mansion…it’s straight depreciation