[kabar]

As far as I know, the Japanese didn't hold their property investments in the US for 30 years. Please be more specific.

[Nonstatist]

Housing prices in Japan have not recovered from the 1980's. There is nothing sacrosanct about real estate or the US housing market in particular.

Demand has been artificially hyped up thru easy money lending practices and speculation. Just like what happened in Japan.