By Doug MacEachern | azcentral.com
(Editor’s note: Opinion pieces are published for discussions purposes only.)
For the first time since Ned Warren in the mid-1970s got caught selling the same plots of Lake Havasu land over and over (and over!) again, residential real estate just isn’t doing it for the Arizona economy.
We are economically dead in the water, in many respects. Arizona is facing the economic equivalent of a Life Alert medical-alert system emergency. It has fallen, and it doesn’t know how to get up. Help!
There is a theory why Arizona, which so often led the nation out of recessions, suddenly is trailing other states by many of the traditional indicators of economic health.