Pros of home ownership in Waelder, Texas could include:

1. Affordability: Waelder has a lower cost of living compared to many larger cities in Texas. This means that home prices are generally more affordable, which can be a major advantage for first-time homebuyers or for those on a budget.

2. Peaceful living: Waelder is a small village with a population of around 1,000 people. This can be a huge advantage for those who prefer a peaceful, laid-back lifestyle away from the hustle and bustle of big cities.

3. Accessibility: Despite being a small village, Waelder is well-connected to larger towns such as San Antonio and Austin. This allows residents to enjoy the benefits of big-city living (such as job opportunities or entertainment options) while still being able to live in a more relaxed environment.

Cons of home ownership in Waelder, Texas could include:

1. Limited amenities: As a small village, there may be limited amenities in Waelder. This could mean having to travel to neighboring towns for shopping or entertainment options.

2. Limited job opportunities: Waelder may not offer many job opportunities compared to big cities, so residents may need to commute to work or work remotely.

3. Extreme weather: Texas is known for its extreme weather, which can include heatwaves, severe thunderstorms, and tornadoes. This can pose a risk to those living in Waelder or other parts of Texas.