Here are some potential pros and cons of home ownership in Atlantic City, New Jersey:

Pros:
- Proximity to the Atlantic Ocean and surrounding beaches
- The city is a popular tourist destination and can offer a vibrant atmosphere and entertainment options
- Limited availability of rental properties means a potential for high demand for buyers looking to rent out their properties as investments
- Potential for home values to appreciate over time with Atlantic City's ongoing revitalization efforts

Cons:
- Atlantic City has been facing economic challenges and declining populations over the past few decades, which can have a negative impact on property values and rental demand in some neighborhoods
- The city has a relatively high crime rate compared to other cities in New Jersey, which can impact safety and property values
- Property taxes in Atlantic County tend to be higher than the state average, which can be a significant annual expense for homeowners
- The city is vulnerable to natural disasters such as hurricanes and flooding, which can damage or destroy homes and potentially impact insurance rates.

It's important to carefully research the local real estate market and weigh these potential pros and cons before making a decision about home ownership in Atlantic City.