Advantages of buying property in Laurel, New York:
1. Location: Laurel is a village located in the town of Southold, Suffolk County, New York. The village is surrounded by a picturesque landscape, including Long Island Sound to the north and vineyards to the south, which makes it an ideal location for those who appreciate a serene environment.
2. Property Values: The property values in Laurel have remained stable over the past few years, with a median home value of around $590,000. This suggests that property in the area is a good investment.
3. History and Culture: The village of Laurel is known for its rich history and culture. People who enjoy local history and culture would greatly appreciate living in Laurel.

Disadvantages of buying property in Laurel, New York:
1. High Cost of Living: Suffolk County, New York, where Laurel is located, has a relatively high cost of living compared to other parts of the country. While the median home value is around $590,000, the median household income is only around $84,000.
2. Seasonal Living: Laurel is a popular vacation spot, which means that it can get very crowded during peak tourist season. This could be frustrating for year-round residents who may find eateries closed or traffic congested during summer months.
3. Hurricane and Flooding Potential: Suffolk County, New York, is prone to hurricanes, flooding and other natural disasters. This could be a concern for property owners who may have to pay for and perform regular repairs to protect their property.

It's important to consider both the advantages and disadvantages of buying property in Laurel, New York before making a purchase.