Buying a property in Panama City, Florida has its pros and cons:

Pros:
- Beautiful Beaches: Panama City is located on the famous Gulf Coast beaches with genuinely stunning shores.
- Lower Cost of Living: Most of the products and services are available at an affordable price.
- Tourism: Panama City attract tourists all year round, so you could potentially earn some extra money by renting your property out.
- Boating and Fishing: There are plenty of uncrowded places for fishing, boating and other water activities.

Cons:
- Hurricane Impact: Panama City faces hurricanes frequently, and these natural disasters can cause significant damage to properties.
- Humidity: The city experiences hot temperatures and humidity throughout the year.
- Traffic: The city's population is growing, and that means the demand for more infrastructure. However, the expansion of the transportation system has not been able to keep up, leaving commuters stuck in traffic daily.

In general, Panama City is an attractive location with affordable living costs, beautiful beaches, and plenty of water activities. However, due to the hurricane risk and traffic, you have to conduct thorough research and planning before making a decision to purchase a property.