Laughlin AFB is located in Del Rio, Texas, which is a small city with a population of around 36,000 people. As for the advantages and disadvantages of purchasing real estate in the village of Laughlin AFB, here are a few to consider:

Advantages:
- The area is relatively affordable compared to other parts of Texas.
- There are several types of housing options available, from single-family homes to apartments and townhouses.
- The presence of Laughlin AFB brings job opportunities to the area, which can attract new residents.
- The area is close to natural attractions such as the Amistad National Recreation Area, which offers opportunities for outdoor activities.

Disadvantages:
- The area may not have as many amenities or entertainment options as larger cities.
- Laughlin AFB is a training base for pilots, which means there may be occasional noise from jets flying overhead.
- The local economy may be heavily dependent on the military base, which could be a disadvantage if the base were to close or downsize.
- The climate in Del Rio can be hot and dry, with hot summers and occasional droughts.

Ultimately, whether purchasing real estate in Laughlin AFB is a good decision depends on an individual's specific needs and priorities. It's important to thoroughly research the area, consult with a local real estate agent, and weigh the pros and cons before making a decision.