Some pros and cons of purchasing real estate in Albany, New York.

Pros:
- Affordability: Albany has a relatively affordable housing market compared to other major cities in the US, which may make it an attractive option for first-time homebuyers or those on a limited budget.
- Strong rental demand: the city is home to several colleges and universities, which means there is a high demand for rental units in the area. If you're considering investing in rental property, Albany could be a good choice.
- Economic growth: Albany is the state capital and has a diverse range of employers, including the state government, universities and healthcare providers. This means that there are potential job opportunities and a relatively stable local economy.

Cons:
- Harsh winters: Albany experiences cold and snowy winters, which could be a drawback for some buyers who aren't used to those conditions.
- Rust Belt city: Albany is located in the Rust Belt region, which has experienced economic decline in recent years. Some people may be hesitant to invest in a market that isn't seeing rapid economic growth.
- High property taxes: New York state is known for having some of the highest property taxes in the country, which could be a significant expense for homeowners in Albany.

It's important to note that these factors should be weighed against your personal circumstances and preferences before making a decision.