It's the same case for hiring a highly referred plumber who will fix the leak and a few other things for the right price, or take the new guy no one has ever heard from and your leak has now turned into an explosion. 

Is it just because it takes a few years to get foreclosed upon, meaning we will read about the 2015 explosions resulting from 2005 mortgages in 2018 or 2019?

You and I both know that NYC is flooded with foreign capital driving the RE prices through the roof, and consequently the surrounding communities are seeing an explosion in housing prices as rents force people from their neighborhoods.   

I'm a "newbie" but wanted to get some insight and perspectives from other areas of the country.Here in Cincinnati we have a neighborhood in the metro area with explosive apartment/condo growth.  

Your insurance might not cover a garage fire/explosion spreading to the attached house, and the heirs will be on you for his wrongful death.

Bradford has grown at an explosive rate, and it is amazing.

We lived 4 houses away from the PG&E explosion and were home at the time it occurred.  

My real estate agent told me that Onslow County has a moratorium on new mobile homes (which would explain the explosion in RV parks).

(a) If a condition results from an insured casualty loss, such as fire, smoke, hail, explosion, or a similar cause, the period for repair does not begin until the landlord receives the insurance proceeds.

I live in Austin and within 5 miles of downtown center you are looking at California pricing (hard to cash flow positive), lucky for me I have several duplexes bought before the price explosion.