It is important to note that while Stanford is a town within Dutchess County, it is not actually the location of Stanford University, which is in California.

In terms of the advantages and disadvantages of purchasing real estate in the town of Stanford, New York, here are some things to consider:

Advantages:
- Scenic location: Stanford is surrounded by natural beauty, including picturesque hills and valleys. This makes it an attractive location for those who enjoy outdoor activities and appreciate a serene setting.
- Good schools: The town is home to some highly-rated public schools, which can make it an attractive location for families with children.
- Proximity to amenities: While Stanford is a rural area, it is within driving distance of larger towns and cities that offer shopping, dining and entertainment options.

Disadvantages:
- Limited job opportunities: Like many rural areas, Stanford may offer limited job opportunities outside of agriculture, forestry or outdoor recreational activities. Those who work in other industries may have to commute further.
- Limited diversity: Rural areas may also lack diversity when it comes to race, ethnicity and culture, which may be a concern for those looking for a more diverse community.
- Seasonal Issues: Winters in the town can be harsh, with snow and frigid temperatures, which can impact driving and outdoor activities.

Ultimately, whether purchasing real estate in Stanford is a good decision will depend on the individual's needs and priorities. It is important to research the area thoroughly and consult with a real estate agent and financial advisor before making any decisions.