Advantages of home ownership in Troy, Ohio include:

1. Build equity: When you pay off your mortgage, the value of your home may appreciate, which can give you equity.

2. Control: You have the ability to make changes to your home and make it your own.

3. Stability: Owning a home can provide stability, as you don't have to worry about a landlord raising rent or kicking you out when your lease expires.

4. Tax benefits: Homeowners may be able to deduct mortgage interest and property taxes from their income tax.

On the other hand, disadvantages of home ownership in Troy, Ohio include:

1. Maintenance costs: As a homeowner, you are responsible for upkeep and repairs on your property, which can be expensive.

2. Longer-term commitment: If you decide you want to move, it can take longer to sell a house than to end a lease.

3. Fluctuating housing market: The value of your home can fluctuate depending on market conditions, which can impact your equity.

4. Higher initial costs: Buying a home typically requires a down payment, closing costs, and other fees, which can be a significant expense.