There are several benefits to home ownership in the town of Thompson, New York such as:

1. Building equity: As you pay off your mortgage, you build equity in your home which can be a valuable asset for your future.

2. Tax benefits: Homeowners in Thompson, New York can deduct their mortgage interest and property taxes from their federal income taxes.

3. Stability: Owning a home in Thompson can provide a sense of stability and security that renting cannot.

4. Customization: As a homeowner, you have the freedom to customize your home to your liking, unlike renters who typically have restrictions on what they can do to the property.

5. Potential for appreciation: Home values in Thompson, New York have been appreciating over time, potentially providing homeowners with an opportunity to build wealth.

It's important to keep in mind that there are also responsibilities that come with home ownership, such as the cost of maintenance and repairs. It's a good idea to consider all factors before making the decision to purchase a home in Thompson or elsewhere.