There are several advantages and disadvantages of home ownership in the city of Wantagh, New York. Here are some of them:

Advantages:
1. Increase in property value: Wantagh has a stable housing market and property values tend to appreciate over time.
2. Equity building: Owning a home and paying a mortgage helps build equity, which can be used for future investments or sold when you're ready to move.
3. Tax benefits: Homeowners can benefit from tax deductions on mortgage interest payments and property taxes.
4. Stability: Owning a home provides a sense of stability and security, especially if you plan to stay in the same location for an extended period of time.
5. Customization: Homeowners can make structural changes to a property that fit their specific needs.

Disadvantages:
1. High cost of real estate: Property values and housing costs are relatively high compared to other parts of the country.
2. Repairs and maintenance: Homeowners are responsible for any repairs and maintenance costs associated with the property, which can be expensive.
3. Property taxes: Property taxes can be high in New York and add a significant expense to the cost of homeownership.
4. Limited mobility: Homeownership can limit mobility, making it difficult to relocate for a job or other reasons.
5. Mortgage debt: Owning a home means having a mortgage, which can be a significant financial burden for some homeowners.

Overall, homeownership can be a smart investment in Wantagh, but it's essential to consider both the advantages and disadvantages before making a final decision.