2008 wasn’t a “correction which flopped unnecessary companies,” specific (very large) finance companies that were over dependent on subprime mortgage-backed securities went belly-up, which caused a domino effect in the financial industry

“The housing crisis keeps getting worse” also doesn’t makes sense…housing in many parts of the country is unaffordable for many people, yes, that isn’t anything like what happened in 2008. Back then, millions of people signed up for subprime mortgages with a variable interest rate that they suddenly couldn’t afford when interest rates went up, and at the same time housing prices crashed, so people were left owing more money than their house was worth and couldn’t extricate themselves, so defaulted on the loans.

Nothing like this is happening in today’s real estate market, houses are just too expensive in lots of areas due to demand outstripping supply and high (fixed) interest rates which make new mortgages more expensive. Interest rates will start coming down again soon enough, and housing prices have also started levelling off or coming down in many areas.