Are you out of denial yet? Maybe this graph from Moody's will shock you out of it. What are the 5 stages of grief again? Oh yeah, denial, rage, bargaining, depression.....acceptance. Below are the time estimates for when housing prices will recover to their all time highs.

The source is Moody's, who kind of missed the entire housing bubble.

h/t to Paul Kedrosky & Barry Ritholtz who also have additional commentary.