New Buffalo, Michigan is a small village along the shores of Lake Michigan, approximately 75 miles east of Chicago. Here are some pros and cons of owning a home in New Buffalo:

Pros:
1. Location: The village is located along the shores of the beautiful Lake Michigan and is a popular tourist destination with many attractions, such as beaches, parks, marinas, restaurants, and shops. It is also near Michigan's wine country and many other recreational activities.

2. Small community: New Buffalo has a small and tight-knit community, which can have benefits such as lower crime rates and increased social connections.

3. Strong economy: The village has a strong economy, largely driven by tourism and the hospitality industry. This results in a robust employment market and potential business opportunities.

Cons:
1. High cost of living: The cost of living in New Buffalo can be high, particularly compared to surrounding areas. Home prices, property taxes, and utility costs can be expensive.

2. Seasonal fluctuations: As a tourist destination, the village experiences seasonal fluctuations in population and employment. This can impact businesses and the overall economy.

3. Weather: Michigan's weather can be unpredictable, particularly during the winter months with snow and ice. This can make transportation and daily life challenging.

These pros and cons should be considered when deciding whether to own a home in New Buffalo, Michigan. Ultimately, the decision should be based on personal preferences and financial goals.