I just bought VIP membership and I don't have one yet!!
I don't think so, no. You're now only given a sort of credit that enables you to buy one of anything in the VIP catalog each month. Personally, I hate that update, as well as the fact that HC Sofas have greatly depreciated in value. I spent thousands on that game and invested in those sofas, and look where it got me. I no longer play the game, but wish you good luck with yours.
