JApan's slump, if you recall, or realize, had little to do with real estate, or the world economy, but had much more to do with the Japanese government's unsustainable manipulation of the economy, especially interest rates which were on the order of 1 per cent, or even negative if adjusted for inflation.
Nothing remotely like that exists in this country at this time, and making a comparison between our economy and that of Japan in the late '80s/early '90s borders on the silly.
Redbob - You're a real funny one. That is the most hilarious thing I have ever heard! What has the Fed been doing for the past five years, if not manipulating interest rates?