Prices will go up again within the next 6 months.
Even if I hate to say you are right - you are. As long as there is a significant saving buying VGF resale to direct but also vs booking direct then the contracts will continue to sell.
Lets assume you buy a contract for $188 pp with 100 points. Closing is $635 thats a total of= $19435
The VGF contracts have 44 years left
$19435/4400 = Cost per point $4,417 + $6,562(Dues for 2020) = Total cost per point used in 2020 is $10,979
a studio in dream season
Standard view
Sun-thu 21 point: $10,979 x 21 = $230
Fri-sat: 24 point: $10,979 x 24 = $263
Rack rates in May 2020: $796/$874
Savings compared to booking direct: 71% / 70%
Assuming instead $165 pp
$16500 + $635 closing = $17135
$17135/4400 = $3,894 + $6,562 = $10,456
Standard view
Sun-thu 21 point: $219
Fri-sat: 24 point: $251
Savings compared to booking direct: 72% / 71%
Even if you get a 30% discount on rack the savings are still 58%/57% for a $188 pp contract.
How small the savings should be before the contracts wont sell I dont know. Right now they are pricing me out and that could also be a factor for the prices to go down.