There are several advantages and disadvantages to consider when it comes to home ownership in the town of University at Buffalo, New York. Here are a few:

Advantages:
- Stable Housing Costs: As a homeowner, you will have a more stable monthly housing cost compared with renting because you won't be subject to rent increases at the end of a lease term.
- Tax Benefits: Homeowners may be eligible for tax deductions on mortgage interest payments, property taxes, and home improvements.
- Potential for Appreciation: Historically, the value of real estate has tended to increase over time. Homeownership may allow you to build equity over time, rather than paying rent to a landlord.
- Greater Control: As a homeowner, you'll have the ability to make changes to the property as you see fit, which can also add to the property's value.

Disadvantages:
- Cost and Upkeep: Owning a home can come with significant costs associated with repairs, maintenance, and utility bills.
- Limited Flexibility: Owning a home can be a long-term commitment, so if you need to relocate for work or personal reasons, selling your home may take some time and effort.
- Risk of Depreciation: While historically the value of real estate has increased over time, there's no guarantee of future appreciation. Home values can decrease due to factors like a declining economy or changes to the local housing market.
- Potential for Issues: As a homeowner, you will be responsible for handling any issues that arise with the property, from plumbing problems to roof repairs.

Ultimately, whether homeownership is beneficial or not depends on your specific personal and financial situation, so you should consider all of the advantages and disadvantages before making a decision.