Not sure if I am misunderstanding you, but why would it hurt the newer resorts, but not the older ones?
LAX
Because, for example, Beach Club Villas seems to be in the neighborhood of about 100$ per point on the resale market, a difference of 60$ from the direct price. If you do 150 points, that is a difference of 9000$...it takes a lot of Annual Pass discounts to make that up!.
With a resort being actively sold, people try to get close to the purchase price back since it is still almost brand new. But, at 165 per point, and direct being 176, now the savings is 1650. But, I lose Discounted APs, Use of the points for cruises(not that that is a good way to use points, but people still do it), have to go through ROFR, can not break up 150 points into 3 50 pointers, might not be able to get the exact contract I want, and I believe resale has higher closing costs.
That makes resale a lot less attractive to me, unless they lower the price more. Kind of like the new car depreciation idea. To me, the discounted APs is worth an extra 1600 alone. I think the perk restriction affects both new properties and older ones, just new ones more.
Since about this time last year, BCV and BWV asking prices seem to be down about 5-10$ a point, VWL down a few bucks, and poly down about 10-15 (and that had a price increase)