There are several advantages and disadvantages to consider when it comes to home ownership in Independence, Missouri.

Advantages:
- Equity: You can build equity over time as your property appreciates in value.
- Tax Benefits: Homeownership may allow you to deduct mortgage interest and property taxes from your income taxes.
- Stability: Homeownership provides stability because you are in control of your living situation. You cannot be forced to move because your landlord sells or raises the rent.
- Pride of Ownership: Owning a home gives you a sense of pride and accomplishment.

Disadvantages:
- Cost: Owning a home can be expensive due to the initial cost of purchasing the home, property taxes, and maintenance.
- Time and effort: Homeownership requires a lot of time and effort to maintain and keep the property in good condition.
- Lack of Flexibility: Homes are not as easy to sell or move out from as renting an apartment or moving from one apartment to another.
- Depreciation: Although home values generally increase over time, it is possible for homes to decrease in value.

Ultimately, the decision to own a home in Independence, Missouri depends on your financial situation, lifestyle and personal preferences. It may be helpful to consider both the advantages and disadvantages before making a decision.