Valley Stream is a diverse community in the New York metropolitan area, and there are a number of factors to consider when evaluating the pros and cons of purchasing real estate in this city. Here are some points to keep in mind:

Pros:
- Convenient location: Valley Stream is located near major highways, and has access to public transportation, making it an easy commute to nearby New York City.
- Schools: The Valley Stream school district is well-regarded, with a number of award-winning schools.
- Shopping and dining: The city has a number of shopping centers and restaurants, especially along Sunrise Highway.
- Parks and recreation: Valley Stream has a number of parks, including Hendrickson Park, which has a pool, playground, and sports facilities.

Cons:
- High cost of living: Like much of the New York metropolitan area, Valley Stream has a high cost of living, which can make it difficult to afford homes.
- Commuting: Although the city has easy access to public transportation, commuting can still be time-consuming, especially during rush hour.
- Taxes: Taxes in Valley Stream and the surrounding area can be high, particularly when it comes to property taxes.
- Traffic: The city can experience heavy traffic, particularly during rush hour or when events are being held at the nearby Belmont Park.

Overall, whether Valley Stream is a good place to purchase real estate will depend on your personal preferences and circumstances. It may be a great choice if you are looking for a convenient location close to New York City, good schools, and plenty of amenities, but may not be the best fit if you are looking for a more affordable location or a quieter environment.