I have done well over 100 of them.. when you have real experience then I will respond to you other wise its just as I stated macro.but probably like you I never buy anything that does not have 30 to 40% equity in it.. what I am talking about was the guru's that were selling this crap.. and talking these kids into wrapping notes with very limited to no equity and making a very small delta.. it does not work.. and the default rate is far higher in the US in sub prime no money down stuff than you are talking about or stating.. my career in this spans 4 decades 15 markets 5 thousand plus transactions as a lender and flipper and builder.. and this is my personal opinion and experience.. 

Clearly, the DR has been following intelligence policies and investment strategies for decades (which they copied from Mexico) and it has served the country and its real estate industry well.

I was a part time agent for a decade before going full time.

Similar models of piecemeal investing across a broad array of real estate markets have existed for decades.

From Meriam Webster Dictionarygenerally adverbgenerally Definition of generally: in a general manner: such asa : in disregard of specific instances and with regard to an overall picture generally speakingb : as a rule : USUALLYSo Id say in Arlington with 20 being approved out of 112,000 housing units in a decade, and a complete unknown as to how many they will approve going forward, pretty much lines up with the definition of the word generally. 

I do not put anything into unlocked value when tenant stays there forever because they have a cherry deal I will likely never see the value or wait decades for it.

I have banked with Wachovia personally for over a decade.

That violence has been going on for decades and not only the number of American visitors and residents has kept increasing, that growth has been accelerating lately.While that might seem counterintuitive to some, if you calculate the total number of victims of random shootings in the US in schools of grocery store parkings or other places, you'll find out that they way outnumber the amount of the US deaths in Mexico due to violence.

I think it is the 5th time they tried to overturn the statewide ban in the last decade and it never got far enough to even be taken seriously.  

Far cry from the tan carpet and tan walls from a decade ago!