Positive:
1. Homeownership in Ketchikan provides a beautiful natural setting with access to stunning views of the surrounding mountains and waterways.
2. Ketchikan offers a variety of recreational activities, including fishing, hiking, and boating.

Negative:
1. The cost of living in Ketchikan is higher than the national average due to its remote location and limited services.

Advantages of home ownership in Ketchikan, Alaska:

1. Home values tend to appreciate over time, so if you own a home in Ketchikan, you may see your property value rise as the years go by.

2. Owning a home in Ketchikan provides stability and allows you to establish roots in the community.

3. Homeownership can also provide tax benefits in the form of deductions, such as mortgage interest and property taxes.

Disadvantages of homeownership in Ketchikan, Alaska:

1. The cost of homeownership in Ketchikan can be high due to the relatively remote location, supply and demand, harsh weather, and typically high utility bills.

2. If you take out a mortgage to buy your home, you will be making monthly principal and interest payments for many years, which can be a significant financial commitment.

3. As a homeowner, you are responsible for all maintenance and repair costs for your home, including repairs due to weather conditions, which can be expensive and time-consuming.

4. Home values can depreciate if market conditions change, which could result in a depreciation in your property value over time.