Pros of home ownership in the village of Valley View, Texas may include:

1. Affordability: Compared to larger cities in the state, property prices in Valley View tend to be more affordable.
2. Small-town living: Valley View is a small community, and residents may enjoy a slower pace of life and a closer-knit community.
3. Investment value: If you are able to purchase a property at a low cost, it may appreciate over time, providing a good investment opportunity.
4. Property tax benefits: In Texas, there are several property tax benefits for home ownership, including tax deductions and exemptions.

Cons of home ownership in the village of Valley View, Texas may include:

1. Limited job opportunities: There may be limited job opportunities within the village, and residents may need to commute to nearby cities for work.
2. Limited amenities: Valley View is a small community, and there may be limited amenities such as shopping, dining, and entertainment options.
3. Limited diversity: The small community may lack diversity in terms of demographics, culture, and lifestyle.
4. Severe weather: Texas experiences frequent severe weather events such as tornadoes, which can pose a risk to property and safety.

Overall, like any location, Valley View has its own unique set of pros and cons when it comes to home ownership. It's important to take these factors into consideration when making a decision about where to buy a home.