There are many factors that can affect the advantages and disadvantages of buying property in Long Valley, New Jersey. Here are some potential advantages and disadvantages:

Advantages:
- Beautiful natural scenery: Long Valley is known for its rolling hills, wooded areas, and picturesque landscapes. If you enjoy nature and outdoor activities, you may love living here.
- Historic charm: Long Valley has a rich history dating back to the colonial era. There are many historic homes, buildings, and sites that you can enjoy exploring.
- Access to amenities: Although Long Valley is a small village, it is located within close proximity to larger cities like Morristown and Hackettstown, which offer a variety of shopping, dining, and entertainment options.
- Strong schools: The Long Valley area is served by the Washington Township School District, which has a reputation for providing high-quality education.

Disadvantages:
- High cost of living: Real estate prices in Long Valley can be relatively high, which may make it difficult for some people to afford.
- Commute times: Long Valley is located a bit off the beaten path, so if you need to commute to major job centers, you may face longer commute times than you would in other areas.
- Limited nightlife: Long Valley is a small village, so if you are looking for a lively nightlife scene, you may be disappointed.

It's important to note that the advantages and disadvantages of living in Long Valley can vary depending on your individual preferences and circumstances, so it's important to do your research and consider your own needs and priorities when deciding whether to buy property here.