Great aspects:
1. Proximity to the scenic Illinois River Valley.
2. Close-knit community with a variety of small businesses and restaurants.
3. Easy access to nearby cities such as Peoria and Bloomington.

Bad thing:
Traffic congestion due to the number of commuters traveling to and from Princeton on a daily basis.

Advantages of Home Ownership in Princeton, Illinois:
- Homeownership can be a good investment in this town as property values have been steadily increasing over the past few years.
- Homeowners can benefit from certain tax deductions such as deducting property taxes and mortgage interest payments.
- Owning a home provides stability and security for families, especially if you plan to live in the area for a long time.

Disadvantages of Home Ownership in Princeton, Illinois:
- High property taxes in this area can make the cost of owning a home more expensive.
- Owning a home requires a significant upfront investment, which can be challenging for those who are just starting out or have limited savings.
- Maintenance and upkeep of a home can be time-consuming and expensive.
- In areas prone to extreme weather conditions, homeowners may have to bear the cost of insurance to protect their property which can be expensive.