Pros of home ownership in Lakeland, New York include:

1. Strong sense of community: Lakeland is a tight-knit community with friendly neighbors and a strong sense of community involvement.

2. Access to quality schools: Lakeland is home to some of the highest-rated schools in the state, making it an excellent place to raise a family.

3. Quiet and peaceful environment: Lakeland is a small, quiet town with a low crime rate. It is an ideal location for those who prefer a peaceful and relaxing lifestyle.

4. Appreciation potential: Over time, home values in Lakeland have shown a steady increase, indicating that this region has strong potential for real estate investments.

Cons of home ownership in Lakeland, New York include:

1. Property taxes: New York has some of the highest property taxes in the country, which can be a significant financial burden for homeowners.

2. Cost of living: Lakeland may be more expensive than other areas of the country. The cost of living and home values are generally higher than the national average.

3. Climate: Lakeland is located in a region with a relatively cold and snowy climate, which may be a drawback for some people.

4. Commute times: Lakeland is located about an hour outside of New York City, which means that commuting to work or other destinations may take a considerable amount of time.