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Pros of home ownership in Ocean City, Maryland:

1. Strong rental demand: As a highly popular beach resort community, Ocean City experiences a high demand for rental properties, making it an attractive location for property investors.

2. Proximity to the beach: Ocean City is situated directly on the Atlantic Ocean, providing residents with easy access to the beach and other water-based activities.

3. Growing economy: Ocean City's economy is growing, with a variety of new businesses and attractions being established in the area in recent years, which can lead to an increase in home values and a steady stream of potential renters.

Cons of home ownership in Ocean City, Maryland:

1. Seasonal fluctuations: Due to the fact that Ocean City is a resort town, many of the businesses and attractions are only open during the summer season. As a result, home prices can fluctuate greatly depending on the time of year and the level of tourism in the town.

2. High property taxes: Property taxes in Ocean City are relatively high compared to other areas of Maryland, making it an expensive place to live.

3. Natural disasters: Being situated on the coast, Ocean City is susceptible to hurricane damage and other natural disasters. Homeowners may need to purchase additional insurance coverage to protect their properties.

4. Noise and crowding: During the summer season, Ocean City can become quite crowded, with large numbers of tourists flocking to the town. This can result in increased noise levels and congestion, which may be a disadvantage for some homeowners.