Living near Portland has some great advantages. First, it is located close to many outdoor attractions such as hiking trails, camping sites, and beautiful lakes. Second, the city has a variety of cultural events throughout the year, from music festivals to art galleries. Lastly, the city has a vibrant nightlife that includes bars and restaurants with great food and entertainment.

The only downside of living near Portland is the cost of living. The prices of housing and other essentials can be higher than other areas in Chautauqua County.

Here are some pros and cons of buying property in the town of Portland, New York:

Pros:
- Portland is a relatively small and quiet town, which may be appealing to those looking for a more rural, serene environment
- The town is located near Chautauqua Lake, offering recreational opportunities such as fishing, boating, and swimming
- The cost of living in Portland is lower than the national average, making it an affordable option for those looking to buy property
- The town is located near several larger cities such as Buffalo and Erie, PA, which may offer job opportunities or entertainment options

Cons:
- The town has a smaller population, which means fewer amenities such as restaurants and shopping options
- Winters in Western New York can be harsh, with heavy snowfall and cold temperatures, which may not be desirable for some people
- There may be limited job opportunities in the area, particularly in certain industries
- Property values in the area may not appreciate as quickly as they would in more desirable or growing areas.

Overall, whether buying property in Portland, New York is a good decision depends on an individual's preferences, lifestyle, and specific situation. It is important to conduct thorough research and weigh both the advantages and disadvantages before making a decision.