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OOBEs and dreams are one in the same. It's just in dreams, usually you don't know what's going on and a lot of weird sh*t happens that you really don't understand when you wake up. The only real differences between OOBEs and dreams is that you know what is happening and it happens in real time. You could make an OOBE as weird and as confusing as a dream if you felt like it. You control what happens in an OOBE. Things may happen in real time for you. It's not like that for everytime. If you are in an OOBE and some burglar breaks into your house, it doesn't have to mean a burglar is really breaking in. You could just be imagining a burglar breaking into your house, which makes you see it in an OOBE.
Conclusion: OOBEs happen in real time but are still dreams in a way. And all dreams are OOBEs but you have no idea what's going on. You can control what happens in an OOBE. This is the main reason they tell you not to do it if you are afraid. If you go into an OOBE thinking about scary stuff such as demons, satan, evil spirits, those worst fears will appear in the experience.