Some potential advantages of buying property in the village of Cambridge, Nebraska, may include:

1. Affordability: Real estate prices in Cambridge are relatively low compared to many other parts of the United States, making it more affordable for people to buy property.

2. Tranquility: The small-town atmosphere of Cambridge can be peaceful and relaxing, which can be a great place to retreat from the hustle and bustle of city life.

3. Natural Beauty: Located in the Great Plains region, Cambridge is surrounded by beautiful scenery and natural attractions, which can be great for outdoor enthusiasts.

On the other hand, some potential disadvantages of buying property in Cambridge could include:

1. Limited Job Opportunities: Cambridge is a small town with limited employment opportunities, which could make it difficult for people to find work in their field.

2. Lack of Amenities: With its small size, Cambridge may not have access to all the amenities that people are used to in larger cities, such as shopping centers, restaurants, and public transportation.

3. Extreme Weather: The Great Plains region experiences a wide range of weather conditions, from hot and dry summers to cold and snowy winters. This can be a challenge for some people, especially if they are not accustomed to extreme temperatures.

Overall, whether or not it makes sense to buy property in Cambridge, Nebraska, will depend on a variety of factors, such as your personal preferences, financial situation, and long-term goals.