Pros of home ownership in the city of Temple Terrace, Florida include:

1. Building Equity: Owning a home in Temple Terrace allows you to build equity over time, which can be a valuable asset in the long term.

2. Tax Benefits: Homeowners in Temple Terrace may be able to deduct property taxes and mortgage interest from their annual tax bill.

3. Stability and Control: Owning a home in Temple Terrace provides stability, as you have control over your living situation and can customize your home to your liking.

4. Pride of Ownership: Homeowners in Temple Terrace take pride in their homes, and homeownership can provide a sense of accomplishment and belonging.

Cons of home ownership in the city of Temple Terrace, Florida include:

1. Responsibility for Repairs: Homeowners are responsible for any repairs or maintenance that may be needed, which can be costly and time-consuming.

2. Market Fluctuations: The real estate market in Temple Terrace, Florida can fluctuate, which may affect the value of your home and your ability to sell it.

3. High Upfront Costs: Purchasing a home in Temple Terrace may require a large down payment and closing costs, which can be a barrier to entry for some buyers.

4. Property Taxes: Owning a home in Temple Terrace requires payment of property taxes, which can be a significant expense.