Advantages of home ownership in Humphrey, New York may include:

1. Long-term investment potential: Owning a home can be a profitable long-term investment as it is likely to appreciate in value over time.

2. Stable housing costs: Owning a home in a village like Humphrey can provide more control over monthly costs compared to renting.

3. Sense of permanence: Homeownership provides a sense of stability and permanence, as you know exactly where you will be living long-term.

However, there may also be potential disadvantages to home ownership in Humphrey, New York, including:

1. High property taxes: Homeowners in New York state are subject to some of the highest property taxes in the country.

2. High homeownership costs: The cost of homeownership in Humphrey can be expensive, with associated costs such as mortgage payments, maintenance, insurance, and repairs.

3. Limited mobility: Owning a home can limit mobility for those who may need to move for a job or other reasons.

4. Market fluctuations: The real estate market is subject to fluctuations, and the value of your investment may decrease over time.

5. Location: While Humphrey, New York may be a great place to live, the location may not be ideal for everyone, depending on factors such as proximity to work or other amenities.