Housing crisis will get worse

OK, we see that houses are not selling and the banks are not loaning money. However, we can see house prices are not done going down. If you think that things are bad now, get ready because our situation will get a lot worse.

Future homes sales have to be a lot less than now. The reason is simple, because few people will have good jobs and those that do will try to survive. Right now there is excess capacity and it will be a long while before things get better.