Here are some potential pros and cons of home ownership in the city of Lakewood, California:

Pros:
- Lakewood has a good reputation for safety and community involvement, so buying a home in this area could provide a strong community network.
- Home values in Lakewood have been generally increasing over the past few years, so there is potential for future appreciation in value.
- Lakewood is located near a variety of amenities, such as shops, restaurants, and parks.

Cons:
- While home values in Lakewood have generally been increasing, homes can be expensive, especially for first-time homebuyers.
- Housing inventory in Lakewood has been relatively low, meaning potential competition and a limited pool of options.
- As with any city, there may be potential for noise and traffic, which could impact quality of life.

It's worth noting that the pros and cons of home ownership can vary depending on individual circumstances and preferences, so it's important to research thoroughly and consult with a real estate agent or financial advisor before making any decisions.