The small size of Machias makes it a great place for a daily life. It is close enough to the larger cities of Cattaraugus County that residents can take advantage of the amenities they provide, while still enjoying a quiet, countryside lifestyle. The people in the area are friendly and welcoming, making it easy to build relationships with neighbors and shop owners.

The downside to living in Machias is that there are not many job opportunities in the area. Most people commute to nearby towns for employment, and the commute can be long and tiring.

Advantages of home ownership in the village of Machias, New York include:

1. Equity: As you make mortgage payments and your property value appreciates, you build equity, which can be used in the future for loans, renovations, or selling the property.

2. Stability: Homeownership provides a sense of stability and permanence, as well as an opportunity to put down roots in a community.

3. Tax benefits: Homeowners in the United States are eligible for tax benefits on their mortgage interest payments and property taxes.

4. Creative freedom: Homeownership provides more creative freedom than renting in terms of decorating, renovations, and landscaping.

Disadvantages of home ownership in the village of Machias, New York include:

1. Maintenance costs: Homeowners are responsible for the maintenance and repairs of their property, which can be expensive and time-consuming.

2. Property taxes: Property taxes in New York can be higher than in other states, which can increase the overall cost of homeownership.

3. Mortgage payments: A mortgage payment is a significant monthly expense, and homeowners in the village of Machias may have difficulty making payments if they lose their job or experience financial hardships.

4. Depreciation: While property values may appreciate over time, there is a possibility of depreciation, which can result in a loss of equity.