Pros of home ownership in Ossian, Indiana could include:

1. Affordability: The cost of living in Ossian, Indiana is lower than the national average, making it easier to find affordable homes and potentially live a more comfortable lifestyle.

2. Peaceful community: Ossian is a small town with a population of around 3,000 people. This can be attractive to people who enjoy a quieter atmosphere or value a stronger sense of community.

3. Access to nature: Ossian is surrounded by natural beauty, including the Ouabache State Park and the Wabash River. This could be a major draw for people who enjoy outdoor activities such as hiking, fishing, or camping.

4. Access to larger cities: Although Ossian is a small town, it is within driving distance of larger cities such as Fort Wayne and Indianapolis. This could be attractive to people who want access to the amenities of a big city without having to live in one.

However, there are also some potential cons to home ownership in Ossian, Indiana:

1. Limited job market: Ossian is a small town with limited job opportunities. This could make it difficult for people to find work in their desired field or could cause longer commutes to work.

2. Limited amenities: While Ossian has some basic amenities such as grocery stores and restaurants, it may not have as many options as larger cities. This could be a concern for people who enjoy a wide variety of recreational and cultural activities.

3. Harsh winters: Like many towns in the Midwest, Ossian experiences harsh winters with significant snowfall and low temperatures. This could be a concern for people who are not used to dealing with such weather conditions.

Overall, whether or not owning a home in Ossian, Indiana is a good decision depends on your personal preferences, lifestyle, and priorities.