Old Field is a beautiful and affluent village located on the North Shore of Long Island. Here are some advantages and disadvantages of home ownership in the village of Old Field, NY:

Advantages:
1. High Property Value: Homeownership in Old Field almost always comes with a high property value, which can mean a significant return on investment if you decide to sell your home in the future.
2. Quiet and Peaceful: Old Field is known for its beautiful scenery and tranquil setting, which many find attractive for raising a family, retirement, or simply enjoying the natural surroundings.
3. Excellent Schools: The Three Village Central School District, serving Old Field and the surrounding areas, is highly regarded in New York State.
4. High-Quality of Life: Old Field residents enjoy a high quality of life, with low crime rates, excellent amenities and entertainment options, and access to some of the best healthcare facilities in the country.

Disadvantages:
1. High Cost of Living: Old Field has a higher cost of living compared to other areas in Suffolk County and the state of New York. Expect to pay more for everyday goods, groceries, and entertainment.
2. Property Taxes: Property taxes in Old Field are among the highest in New York. Depending on the size and value of your property, you could pay several thousand dollars a year in taxes alone.
3. Limited Job Opportunities: Old Field is relatively small, and job opportunities can be limited. Most residents commute to other areas for work.
4. Extreme weather: Old Field and the surrounding areas experience extreme weather conditions, including harsh winters and temperamental summer thunderstorms.

Overall, Old Field is an excellent place to own a home if you are looking for a peaceful and high-end community with access to excellent schools and amenities. However, the high cost of living, property taxes, limited job opportunities, and extreme weather may be disadvantages to some.