A brand new report out from the Census Bureau shows that Americans are spending an exorbitant amount of their money on housing. In some states, people are spending more than 30 percent of their income on housing. It’s a direct result of the housing bubble that many parts of the country have been in for a few years now. So, what do people do? Do they sell their homes at a much lower price or hold out and see if things get better? It’s a tough spot. Clark wants to make an educated guess about what people should do. Just remember that it’s just his prediction – it’s not fact. So, if you want to get out, you cut your price and take the loss or turn your home into a rental. If neither of those are options, you must be prepared to hang in for another five years minimum. That’s when the value of homes in mountains, lakes and beaches will return.