Saying it will crash because it's risen so high is not logical. Japan is obvious counterpoint. Housing prices rose, growth stagnated and they kept rising. Why?

Saying it will crash because it's risen so high is not logical. Japan is obvious counterpoint. Housing prices rose, growth stagnated and they kept rising. Why? Supply and demand. Demand is still strong and new construction has slowed. We still have many years of pent up demand and no looming construction boom and not much desirable land to build on.