OK, for some more fun, I combined a couple suggestions. I used a 4% growth rate, which is consistent with Shiller. I also used the base year of 1998 since this is a reference point that was considered normal.
End result is 2-3 years more pain and about 12% more decline in nominal price.
Or for those who want to see things on a log-scale (constant rate of growth equals a straight line). You can use this version of the chart and a ruler to make your own assumptions on growth rates based on your view of future home price inflation.
