Great Depression

UK financial chancellor announced in a new conference the other day,it might take up to 5 years to fully recover from this severe.
Well,althought the housing market dropped dramatically because
of the subprime,I veiw it as a way of saving.
Actually even now,it's still the price of 2004.
The problem is not the price if someone bought it earlier than 2004,it's just slow to sell.As not many buyers and credit is really tight,it might take 6 months or even longer to sell.