There are several advantages and disadvantages to consider when purchasing property in the city of Jericho, New York.

Advantages:

1. Location: Jericho is conveniently located near major highways and offers easy access to surrounding areas, such as New York City and Long Island.

2. Good schools: Jericho boasts highly-rated schools, making the area a desirable location for families with children.

3. Access to amenities: There are several shopping centers, restaurants, and recreational facilities located within a short distance of Jericho.

4. High property values: Property values in Jericho tend to be high, making it a good investment for those looking to build equity.

Disadvantages:

1. High cost of living: The cost of living in Jericho is higher than many other areas in the region, which may not be affordable for all homebuyers.

2. Limited space: Jericho is a relatively small community, with limited space for new development or expansion.

3. Traffic: Jericho is located near major highways, which can cause traffic congestion during rush hour and peak travel times.

4. Property taxes: Property taxes in Jericho tend to be relatively high compared to other areas in Nassau County.

Overall, Jericho can be a good choice for homebuyers looking for a highly-rated school district, convenient location, and access to amenities. However, it may not be the most affordable option for all homebuyers, and traffic and property taxes should be taken into consideration.