Back in '94 I had a survey performed on an '89 E-34, which I turned down due to thousands of 1/4" sized blisters. I then bought a '89 E-38 which I thought was clean, but later developed thousands of its own small blisters. I have since heard from a number of surveyors that Ericsons of this vintage are known for their blistering. Mine has been peeled (twice!) and still has blisters. Go figure....