Advantages:
1. Strong Housing Market: Bellevue's real estate market has been relatively strong over the years. The demand for housing in the area has remained high, and housing prices have appreciated at a faster rate than many other regions in the US.

2. Great Quality of Life: Bellevue is known for its great quality of life. It is ranked as one of the safest cities in the US, and its residents have access to great schools, parks, museums, and restaurants.

3. Strong Economic Base: Bellevue is home to many high-tech companies such as Microsoft, Amazon, and T-Mobile, which provides for a strong economic base. This helps to sustain the real estate market and property values.

4. Appreciation Potential: Properties in Bellevue have the potential to appreciate in value over time, which can make a sizable difference in your net worth.

Disadvantages:
1. High Cost of Living: Bellevue's high standard of living comes at a cost, with the city's cost of living being higher on average than most other US cities.

2. High Taxes: Property taxes in Bellevue are relatively high. This can add up to a significant amount over time, depending on the value of the property.

3. Competition: With high demand for housing, buyers may face competition when trying to purchase a property. This may lead to bidding wars and inflated prices.

4. Market Risk: As with any housing market, there is always a potential for a downturn that may impact property values. While Bellevue has a strong history of appreciation, there are no guarantees that this trend will continue indefinitely.