The great things about home ownership in Loughman, which is located in Polk County, Florida, include the fact that the city is close to a variety of attractions and activities. Loughman is only a short drive away from Orlando, which is home to several world-class theme parks and attractions. Additionally, the city offers plenty of outdoor activities, such as fishing and boating. The cost of living in Loughman is also relatively low compared to other areas in Florida, making it an attractive option for people looking to buy a home.

One negative aspect of home ownership in Loughman is that the area is prone to flooding due to its proximity to Lake Tohopekaliga. This can lead to costly repairs and damages if homeowners do not take the necessary precautions to protect their homes from flooding.

Loughman, Florida is a small town located in Central Florida, just south of Orlando. Here are some potential advantages and disadvantages to consider when buying property in Loughman:

Advantages:
- Proximity to Orlando: Loughman is only a short drive from major tourist attractions like Disney World, Universal Studios, and SeaWorld. This can make the town an attractive option for vacation rental properties or for people who want to be close to these attractions.
- Relatively affordable: Compared to some other areas in Florida, Loughman's property prices may be more affordable, making it an attractive option for first-time homebuyers or investors on a budget.
- Quiet residential community: Loughman is a relatively quiet town without much hustle and bustle. For people looking for a laid back lifestyle and a place to get away from the crowds and noise of the city, Loughman could be a good option.

Disadvantages:
- Limited amenities: As a small town, Loughman may not have as many amenities as larger cities or towns nearby. For example, there may be fewer shopping and dining options, limited transportation options, and fewer cultural activities.
- Risk of hurricanes and flooding: Loughman and the surrounding areas have a risk of hurricanes and flooding, which could damage or even destroy a property. It's important to consider this risk and take appropriate precautions, such as purchasing flood insurance.
- Potential for tourist traffic: While the proximity to Orlando's major theme parks can be an advantage for some, it could also lead to higher levels of tourist traffic and noise, particularly during peak seasons.

These are just a few potential advantages and disadvantages to consider when buying property in Loughman, Florida. It's important to do further research and consult with a real estate agent to fully understand the market and weigh the pros and cons of any potential purchase.