Fountain Valley is a great city in Orange County, California to purchase real estate in. Some of the pros of purchasing real estate in Fountain Valley include:

1. Strong job market: Fountain Valley is home to many large corporations and hospitals, including MemorialCare Health System and Hyundai Motor America, which can provide strong job security.

2. Good schools: Fountain Valley boasts some excellent public schools, which makes it a desirable location for families.

3. Beach access: Fountain Valley is located close to the beach and other coastal attractions, which makes it an ideal location for those who enjoy the beach lifestyle.

4. Good weather: Orange County is known for its mild climate, and Fountain Valley is no exception. The weather is warm and sunny most of the year, which makes it a popular destination to live in.

However, there are also some cons of purchasing real estate in Fountain Valley, which include:

1. High housing costs: Fountain Valley has a higher cost of living compared to other cities in California.

2. Traffic: The city can get congested during peak traffic hours, and traffic can be especially bad during tourist season.

3. Limited access to public transportation: While there are some bus routes and a train station, the city is not known for its public transport system.

4. Earthquake risk: Like many cities in California, Fountain Valley is at risk of earthquakes, and residents are advised to be prepared for such situations.

In the end, the decision to purchase real estate in Fountain Valley will depend on your personal preferences and priorities. You should thoroughly research the area and consider all factors before making a decision.