Flagstaff is a popular tourist destination that is located at an elevation of 7,000 feet above sea level with a population of around 75,000 people. Here are some pros and cons to consider:

Pros:
- Flagstaff has a high quality of life with low crime rates, excellent healthcare facilities, great schools and abundant recreational opportunities.
- Flagstaff is surrounded by beautiful forests, mountains, and lakes which makes it an ideal location for individuals who enjoy outdoor activities such as hiking, skiing, and biking.
- Flagstaff is home to Northern Arizona University, which provides a vibrant community with many cultural and educational events.
- Home owners in Flagstaff may see their property value increase over time, which can result in significant long-term wealth accumulation.

Cons:
- The cost of living in Flagstaff is relatively high compared to the national average, which can make home ownership costly for some individuals.
- The high elevation of Flagstaff results in a cooler climate, and winters can be long and harsh, which can be tough on some homeowners.
- Flagstaff has experienced significant wildfire activity in recent years, which can present risks to homeowners.
- The real estate market in Flagstaff can be extremely competitive, which can make it challenging for some individuals to secure a home in the area.

Ultimately, whether or not to purchase a home in Flagstaff depends on one's lifestyle preferences, budget, and financial goals. It may be helpful to consult with a local real estate agent or financial advisor who can help assess whether buying a home in Flagstaff is the right decision for you.