There are a few pros and cons of home ownership in Margate, Florida.

Pros:
1. Affordable Housing: Margate, Florida has a lower median home price compared to other cities in the region. This makes home ownership more affordable for a larger number of people.

2. Good Neighborhoods: Margate has many good neighborhoods where people can feel safe and secure. These neighborhoods often have good schools, parks and recreation centers, which can be a great benefit to families.

3. Strong Community: The community of Margate is known for being tight-knit and welcoming. This can make it easier to meet people and build relationships with neighbors.

Cons:
1. High Property Taxes: Due to the lack of a state income tax, Florida relies heavily on property taxes to fund government services. As a result, Margate has some of the highest property taxes in the country.

2. High Insurance Rates: Margate is situated in a flood zone and prone to hurricanes. This can cause homeowners insurance rates to be much higher than in other cities.

3. Traffic: Margate is located near some of Florida's busiest highways, which can lead to significant traffic congestion and long commute times.

Ultimately, it is important to carefully consider all the pros and cons before making a decision regarding home ownership in Margate, Florida.