Creating a separate association for CC made complete sense. With only 24 years remaining at BRV when sales went live wouldn’t be feasible to sell at the prices they were asking for.
Poly still has 44 years left on the existing association so that’s still a marketable term.
VGF2 and BCVs were/are being sold at 40+ year terms and Poly will too. The CMs won’t give any useful information as all their calls are on recorded lines and they don’t want to say anything off script. Also, the cost to establish a new association plus making it compliant to sell in all 50 states is very expensive. I truly think there’s very little to no chance this is a new association. And the lack of any ROFR activity at Poly is very telling as well.
I talked to guides in person but that’s not really important. While yes it made sense for CCV due to expiration, that doesn’t mean they can’t decide to make Poly tower new simply because the expirations are close,
Resale resections was a big move for DVD and had the pandemic not happened, there is a good chance that Reflections would have still happened and would have been given them.
Your point about it being expensive coukd very well be why they did what they did with VGF because they started sales only 9 months later and wanted that to be a quick flip.
Poly tower is a new build costing millions so I doubt what ever extra needs to happen for it to be new is not a big deal.
I actually think lack of ROFR means nothing because they don’t need PVB points to sell Poly tower in the same association as they will have plenty and they also don’t need PVB points if it’s a different one.
I have shared before that if I had to put the lack of ROFR in a column it would be it supports a new association because without it, the resale price of PvB is going to continue to fall and then all these new resale buyers would be getting access to Poly tower for cheap and they would be losing all those potential direct sales.
But the biggest thing is that there is no reason for DVD not to have said one way or the other at this point...and they have not, which means that a new association and resale restrictions are still very much a possibility.
VDH will be an indicator. If it has them, then it’s still a goal for the program n