Now we all know that buying property in Mexico or investing in another country is a very bad idea and all of us who do so will lose everything if we choose to believe what we read in today’s newspaper. At least that’s what Dennis Wagner stated in today’s Sunday paper.
Maybe we will see another article from Dennis Wagner on the positive side of Puerto Penasco in an upcoming paper. Maybe he could mention that numerous international companies have invested billions of dollars in Rocky Point, or possibly mention that on Sandy Beach and other areas surrounding Puerto Penasco that there are numerous projects already completed and currently under construction. Maybe he could mention that Cabo, Cancun, and other major tourist’s areas also looked like Rocky Point at some time in the past.
Why take a stab at an entire resort area due to the failure of one project? That’s like saying if one builder in the Phoenix area is in trouble, stay away from all of them or you’re going to lose everything.
Anyone with any level of intelligence or common sense should be able to see right through this piece of fish wrap, otherwise known as a newspaper. As a true full time real estate professional in Phoenix with extensive knowledge of the Rocky Point market, I would like to once again thank the Arizona Republic for another outstanding piece of advice for all of us. Now we have just given the general public, who are all Realtors at heart, all of the ammunition they need to tell us that the market may never recover and why pay a Realtor for professional advice when the Arizona Republic offers it for free.
Just think, if Dennis Wagner would have printed an article like this 3 years ago about the Phoenix market, maybe the tens of thousands of investors around the country would’ve stayed away and not stuck us with 25,000 bare bones spec homes which is truly the root cause of our local real estate adjustment.
I’ll compare anyone buying in Mexico on their own without professional advice to someone buying in Phoenix without professional advice. Oh that’s right; I’ve already mentioned those 25,000 Arizona Republic readers above.