When considering purchasing real estate in any location, some advantages and disadvantages to keep in mind are:

Advantages:

1. Location: The village may be located near attractive amenities, such as shopping centers, restaurants, schools, or parks, which could increase the value of the property.

2. Quality of life: If the village of Middlebury offers a higher quality of life than other areas, it could be an asset. Factors like low crime rates, good schools, and proximity to cultural and entertainment venues can make a residence more desirable.

3. Potential for profit: If the property is located in an up-and-coming community, the value of the property may appreciate, which could provide the opportunity for a good return on investment.

Disadvantages:

1. High costs: Real estate prices in the village of Middlebury could be high as a result of the aforementioned advantages. If the property is in a desirable location, it could be more expensive to buy into the area than in other locations.

2. Economic instability: The village of Middlebury could suffer from an economic downturn or other factors that make it less desirable economically, leading to a decline in property values.

3. Environmental risks: Different types of natural disasters like flooding, earthquakes, or wildfires could impact the property, leading to long-term damage and potential loss of value.

It is important to consider various factors when making financial decisions like purchasing real estate, including financial status, investment goals and personal lifestyle preference. Consulting with a real estate agent, mortgage broker, or financial planner can potentially provide important insights and guidance in the decision-making process.