A general list of pros and cons of homeownership based on national data without any specific reference to North Star, Delaware.

Pros:
- Equity: Owning a property builds equity, which can be used for future investments or emergencies.
- Stability: Homeowners don't need to worry about frequent rent hikes or evictions.
- Customization: Homeowners have the freedom to decorate, paint and renovate their property as per their preference.
- Potential profit: Homeowners may profit if the value of the property increases, which can result in a high return on investment if the property is sold.

Cons:
- Cost: Homeownership has numerous upfront costs, including a downpayment, closing costs, property taxes, mortgage payments, utilities, maintenance, and repairs.
- Responsibility: Homeowners are solely responsible for the upkeep and maintenance of their property.
- Lack of flexibility: Selling a property can be difficult and time-consuming, and homeowners may have to wait for the right market opportunity to sell their property.
- Market Changes: Home values may fluctuate depending on the market, and homeowners may find themselves falling behind other homes for sale in the area.

It's important to note that the housing market is constantly changing, and it's essential to conduct research and consult with experts before making any homeownership decisions.