I have been fortunate to visit many Asian countries and befriend a great many filipino, japanese, korean, thai, and vietnamese during my stay in Hawaii.

When its severed ( harvested it becomes personal property.. )  kind of like buying a home were a freeway is going and moving it to a bare lot using a home moving company.Now here is the good part.. in those days MId 90s  Timber that was export quality ( J logs )  Japanese grade were in such high demand and Menasha out of Wisconsin at the time was a large West coast exporter of logs.. they would advance on the Timber deed.. terms..

We bought most of the houses subject to and then resold them subject to mostly to a group of Japanese investors.  

There are some parallels to the Japanese bubble, but I'm not too versed enough about this.

They even had a cute little Japanese style bridge crossing over the center.

According to Richard Duncan (the author of that book I mentioned), Japan is never going to be back up, 'cause the same Japanese organizations are outsourcing their Car manufacturing to China (one example) already and so are some of their other industry related operations...Your take on Deflation and Depression is something I support Totally.

If I could flip like the re-habbers here, I would go 100% plus leverage but I don't have that skill set so that leaves me to buying-n-holding for cashflow but considering ROI I might just sleep better off in the market for the long run......For me, deflation is more dangerous than inflation. .....I got that call initially correct in 08 by liquidating my entire portfolio but made the mistake of underestimating the FEDs willingness to make us Japanese.

For whatever reason, this time around they are pursuing a Japanese-style, 10-year, one-tiny-drop-at-a-time workout.There is no conspiracy theory.

The Chinese are starting to buy much like the Japanese did in the late 80's (although this can be a warning sign too).

A related discussion:http://www.biggerpockets.com/forums/99/topics/61450-so-what-are-the-rates-going-to-do-post-japanese-earthquake-tsunami-nuclear-disaster-