Here are a few pros and cons of purchasing real estate in the village of Rockaway Beach, Oregon:

Pros:
- Good location: Rockaway Beach is located in beautiful Tillamook County and offers easy access to several top tourist attractions such as Tillamook Bay, Nehalem Bay State Park, and Cape Meares State Scenic Viewpoint.
- Outdoor recreation: The area is ideal for outdoor enthusiasts, with opportunities for fishing, crabbing, boating, hiking, and hunting.
- Scenic views: Being located on the coast, residents can enjoy stunning views of the Pacific Ocean, sunsets, and wildlife.
- Relatively affordable: Compared to other coastal towns in Oregon, Rockaway Beach can be a more affordable option for those looking for a beachfront property.

Cons:
- Winter weather: The winter months can be rainy and windy in Rockaway Beach, which may not be suitable for everyone.
- Tourism traffic: While tourism can be a great economic driver for the area, it can also lead to increased traffic during the summer months, which may not be desirable for some residents.
- Limited amenities: While Rockaway Beach does have some basic amenities like grocery stores, restaurants, cafes, and bars, it may not have the range of amenities that larger towns and cities have.

Overall, Rockaway Beach can be a great place to purchase real estate if you're looking for a quiet and scenic coastal town that offers good outdoor recreation opportunities. However, it may not be for everyone, so it's important to carefully consider your specific wants and needs before making a purchase.