Positive Aspects:
1. Ithaca is located in a rural setting, offering its residents a peaceful and serene environment.
2. The city is home to a variety of outdoor recreational activities, like fishing, hunting, and camping.
3. It is a great place to raise a family, as it is known for its strong sense of community and top-notch educational system.

Negative Aspect:
The city lacks access to major metropolitan areas, making it difficult to find work or access certain amenities.

Advantages of purchasing real estate in Ithaca, Michigan include:

1. Affordability: The cost of living in Ithaca is lower than the national average, making it an affordable place to buy property.

2. Plenty of open spaces: The village has plenty of parks and natural areas, offering residents numerous opportunities for outdoor recreation.

3. Good schools: There are many great schools in the area, with high graduation and college acceptance rates.

4. Access to healthcare: The village has a number of medical facilities and hospitals nearby, providing easy access to healthcare.

Disadvantages of purchasing real estate in Ithaca, Michigan include:

1. Limited job opportunities: Ithaca is a small village with limited job opportunities, which may make it difficult to find work in the area.

2. Harsh winters: Michigan winters can be harsh and long, with heavy snowfalls and cold temperatures.

3. Limited amenities: As a small village, Ithaca has limited amenities and entertainment options, with most residents traveling to nearby cities for shopping and dining.

4. Rural lifestyle: Living in Ithaca can be a significant change from living in a larger city, with a more rural and slower-paced lifestyle.