Posted on 06/11/2009 10:01:32 AM PDT by FromLori
Robert Shiller recently warned homeowners that it could be a long time before the housing market turned up again, noting that Japan's housing bust took place over 15 years. That seems hard to fathom here, especially considering everything the government's doing to re-inflate the market. But there are certainly similarities. This chart, via the Pragmatic Capitalist, overlays the 10 city Case-Shiller index with Japanese condo prices, when they had their boom. As you can see, the cycle has an eerily familiar look and feel.
(Excerpt) Read more at businessinsider.com ...
we’re doing a better job of dealing with this mess than the Japanese did. (Believe it or not)
Hashima Island now, more of Japan in 20 years.
It's hard to get prices on things when no one is alive.
Economic Downfall of Japan
Ever wonder how Japan went from the bustling economy that it was to the economic basket case it is today?
As Randazzo points out it was three things: bailouts, taxes and Government regulation.
http://www.reason.com/news/show/130626.html
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