Here are some potential pros and cons to consider when evaluating whether to buy property in Belmont, New York:

Pros:
- Affordable: Compared to other cities in New York, Belmont can be a more affordable option for buying property.
- Scenic: Belmont is located in a largely rural area, which can be appealing to those who prefer the countryside and open space.
- Potential growth: Belmont is located in close proximity to various parks and natural attractions, which could make it an attractive option for those interested in outdoor recreation.
- Historic charm: Belmont has a relatively small-town feel and a rich history, which could be appealing to those interested in investing in a property with character.

Cons:
- Limited job opportunities: Belmont has a relatively small population and a limited job market, which could make it challenging to find employment opportunities in the area.
- Climate: As with much of upstate New York, Belmont's weather can be harsh and snowy during the winter months, which may not be ideal for everyone.
- Distance to major cities: Belmont is located fairly far away from bigger cities like New York City, which could make it less appealing to those who want to be close to urban amenities and conveniences.
- Flood risks: Belmont is situated near several bodies of water, which could put it at risk of flooding during heavy rain and snowmelt events.

It's important to note that this is just a general list of potential pros and cons, and the decision to buy property in Belmont would ultimately depend on your unique situation and preferences. It may be helpful to visit the area, research the local market, and consult with a real estate professional before making a decision.