"I wonder what its like to live in the negative "macro-world?""
Some like to call it the real world. It's not all negative, simply realistic. The average growth in price cannot exceed the average growth in wages long term, that is a fact, a mathematical certainty. Whether it has hit a plateau, will see small rises, or pull back, is hard to say - though on the balance a fair conclusion would be the downside risk exceeds the potential for upside. Sentiment has a lot to do with the direction of prices, again this is uncertain going forward.
Doesn't mean money can't be made, as you've gone to great lengths to point out, even on a down day some stocks will grow. But I'm not talking about one specific suburb or city, you can make money in specific areas of America too, that's not the point. If I felt this thread was about a specific suburb or city, then I could understand your reasoning, but it's not, it's about Australia.
