What these markets all have in common is that they are highly desirable with blue chip status, have almost no new land (except infill/replacement development), and have a global client base.SF has had an annualized growth rate of about 4.5% over the last 30 years or so; rest of the country I believe 1.5-2%, many areas even less.

You were obviously one of those crazy common sense people that saw things were ridiculous.

I was scanning a blog I found here on BP when I noticed the following statement.

Total private-market securitization this year: about $13 billion, roughly one week of GSE-based production. The big housing que...

A lot of common themes here

There is no requirement for any lender to accept appraised values without considerations in other aspects of the property conditions or values or any other common sense matter.

Pretty common here as we get ice storms.

@David Putz It is pretty common for the borrower to not trust in the servicing transfer.

Don't get me wrong, I think having cash reserves is just plain common sense, but this may come as quite a surprise for someone who hasn't planned on this.

The more common reason for failure is the indivual does not understand how to estimate ARV or rehab and locks it up at the wrong price, or marks it up too high.

Common sense would indicate that in hindsight I should have gotten a second opinion.Does anybody have advice on this?