Good Aspects:
1. Mountain Lake has a charming, small-town atmosphere with lots of natural beauty. The area is surrounded by lush forests and rolling hills, providing plenty of outdoor activities and scenic views.
2. The city has a strong sense of community, with numerous local events and festivals celebrated throughout the year. The people of Mountain Lake are very friendly and welcoming, creating a warm and inviting atmosphere.

Bad Aspect:
The city lacks in amenities, such as shopping centers and entertainment options. This can be inconvenient for residents who want to take advantage of big-city offerings but don't want to make the trek to larger cities.

Advantages of buying property in the village of Mountain Lake, Minnesota include:

1. Affordability: The cost of property in Mountain Lake is generally affordable compared to larger cities.

2. Nature and Scenery: The village is located in a scenic area, surrounded by beautiful lakes and parks, offering a peaceful lifestyle and outdoor activities.

3. Safety and Security: The crime rate in the village is relatively low compared to other towns in Minnesota.

4. Community: The village is a close-knit community that provides residents with a tight-knit atmosphere that is more personal and friendly.

However, there are also some disadvantages to buying property in the village of Mountain Lake, Minnesota:

1. Lack of Amenities: The village has limited choices for shopping, dining, and entertainment options. Larger cities are more likely to have more diverse options.

2. Rural Isolation: Living in a rural area has its charming moments, but it can also contribute to feelings of geographical isolation and loneliness for some.

3. Harsh Winters: Minnesota's winters can be long, cold, and snowy, and sometimes difficult for those who are not used to extreme weather conditions. These weather patterns affect the market value of properties in the area.

4. Limited Economic Opportunities: Economic opportunities in rural areas can be limited. As a result, Mountain Lake may not provide as many job opportunities as you might find in major metropolitan areas.

Overall, buying property in the village of Mountain Lake, Minnesota would be a great option for people looking for nature, tranquility, and a friendly community. However, if you are looking for a more cosmopolitan environment with more amenities and job opportunities, you may find it challenging to adapt to the rural lifestyle offered in the village.