Pros:
- Homeownership can be a good investment, as property values can increase over time.
- Owning a home can offer stability and roots in a community.
- Homeownership provides the opportunity to make changes and improvements to the property without the need to get permission from a landlord.
- Owning a home can provide a potential source of income through renting out all or part of the property.

Cons:
- Homes in Witt, Illinois may have a higher property tax rate compared to other locations in the state.
- Homeownership comes with maintenance and repair responsibilities, which may require time and money.
- There is no guarantee that property values in Witt will continue to rise, and a decline in values could negatively affect the homeowner's investment.
- Owning a home ties up a large amount of capital, which can be a barrier to investing in other opportunities or using funds for other purposes.