Advantages and disadvantages of purchasing real estate in Longtown, Oklahoma can vary depending on individual circumstances and preferences. However, some general advantages of purchasing real estate in Longtown, Oklahoma are:

Advantages:
1. Low cost of living: Oklahoma has a lower cost of living compared to many other states in the United States. This can make Longtown, Oklahoma an affordable place to live and invest in real estate.
2. Quiet life: Longtown, Oklahoma is a small, rural community in the southern part of the state. If you are looking for a peaceful and private atmosphere, you might find it living in Longtown.
3. Proximity to recreational areas: Longtown is located near the beautiful Lake Eufaula which provides access to numerous recreational opportunities including boating, fishing, biking, hiking, and camping.

Disadvantages might include:
1. Limited job opportunities: Longtown, Oklahoma may have limited job opportunities, which means that it may be difficult to find employment locally.
2. Isolation: Longtown, Oklahoma is a small, rural community which may not provide access to the same range of amenities and services that larger towns and cities can offer.
3. Natural disasters: Oklahoma is prone to natural disasters such as tornadoes, floods, and severe weather, which can potentially impact the real estate market and the community.