Positive Aspects:
1. Union City has a vibrant downtown area full of shops and restaurants, providing a great place to spend time with friends and family.
2. The city offers plenty of outdoor recreational activities, such as fishing, camping, and hiking, which can be enjoyed in the nearby state parks.

Negative Aspect:
1. Union City has limited public transportation options, making it difficult for those without cars to get around the area.

Pros of buying a real estate property in Union City, Indiana could include:

1. Affordability: Real estate properties in Union City, Indiana, are typically more affordable compared to other regions in the state.

2. Peaceful: It's a small town that offers a quieter lifestyle, which appeals to many people looking for respite from the bustle of city living.

3. Strong Community: The town is known for its strong sense of community, supportive neighbors, and tight-knit local businesses.

4. Access to Job Opportunities: Union City is situated near larger cities like Dayton and Indianapolis, which offer more job opportunities and higher wages.

Cons of buying a real estate property in Union City, Indiana could include:

1. Limited Entertainment Options: The town's small size means there are limited entertainment options, fewer restaurants, and limited shopping.

2. Commute Times: If you wish to work in metropolitan areas like Indianapolis or Dayton, you may have to contend with long commute times.

3. Extreme Climate: Like many areas in Indiana, Union City experiences extreme weather conditions, with hot summers and cold winters.

4. Depopulation: The town has suffered from depopulation over the years, which means certain amenities might be harder to come by.

It's important to note that these are general pros and cons of living in any small town, and one's personal preferences and priorities should be taken into consideration when deciding whether to purchase a real estate property in Union City or not.