Advantages of home ownership in Maywood, New Jersey can include:

1. Investment: Home ownership can be a wise investment, providing long-term appreciation potential.

2. Stability: Owning a home can provide stability, as you are not subject to sudden rent increases or a landlord's decision to sell or move.

3. Pride of Ownership: Homeowners can take pride in the property that they own and personalize it.

4. Tax Benefits: Homeowners may be able to deduct mortgage interest and property taxes on their annual tax return.

5. Sense of Community: Homeowners often develop a sense of community in the neighborhood they live in, as they build relationships with neighbors.

Disadvantages of home ownership in Maywood, New Jersey can include:

1. High Costs: Homeownership can be expensive. Upfront costs such as a down payment, closing costs, and other fees can be significant.

2. Maintenance: Owning a home requires regular maintenance and upkeep, which can be costly and time-consuming.

3. Rigidity: Owning a home can be less flexible than renting, as it can be difficult to move quickly for work or lifestyle changes.

4. Market Volatility: The value of a home can fluctuate based on market conditions, making it possible that one may not get the expected return on their investment.

5. Property Taxes: Property taxes can be significant, and may increase over time, especially in areas experiencing economic growth.