Living near Lacombe, Louisiana has many advantages. Firstly, the area is full of natural beauty, with thick forests and tranquil bayous that provide plenty of opportunities for outdoor activities. The city also has a historic downtown area with a number of charming shops and restaurants, making it an enjoyable place to explore. Additionally, Lacombe is conveniently located close to both New Orleans and Slidell, providing easy access to the culture and entertainment of the larger cities.

On the other hand, one downside of living near Lacombe is the frequent flooding. The city often experiences heavy rains and hurricanes which can cause significant damage to properties in the area. It is important to be aware of this risk when considering a move to the area.

Some advantages of homeownership in Lacombe, Louisiana may include:
1. Ownership equity: As you pay off your mortgage, you increase your ownership equity in your property.
2. Tax benefits: Homeowners can benefit from tax deductions.
3. Creative control: You can customize and make home improvements without having to get permission from a landlord.
4. Community: Owning a home can give you a sense of belonging in your community.

However, there are also some disadvantages which could include:
1. Responsibility: You are responsible for maintenance, upkeep, and repairs.
2. Cost: Homeownership can be expensive with upfront costs such as down payment, closing costs, and mortgage payments.
3. Market fluctuations: Property values can fluctuate and depreciate, which can impact your investment.
4. Limited mobility: Homeownership can tie you down to a specific location, which may limit your mobility.

It's important to weigh both the advantages and disadvantages, and consider your personal financial situation and lifestyle goals before making a decision about homeownership in Lacombe, Louisiana.