Norfolk is a city in Virginia with a variety of advantages and disadvantages associated with home ownership. Here are some key ones to consider:

Advantages:
- Potential for equity growth: Over time, the value of one's home may appreciate, allowing the homeowner to build equity and potentially sell the home for a profit in the future.
- Control over property: Homeowners have control over what they can do with their property, such as making renovations or improvements without seeking permission from a landlord.
- Stability: Homeownership can provide a sense of stability and security, as one can customize and maintain their home to their needs and preferences, without the threat of unexpected rent increases, eviction or having to move frequently.

Disadvantages:
- Cost considerations: Home ownership can be expensive, including mortgage payments, property taxes, homeowner's insurance, and the cost of repairs and maintenance.
- Less mobility: Homeowners can potentially feel less mobile if they decide to sell their home, as they will need to find a buyer before they can move elsewhere.
- Market uncertainty: The housing market can be unpredictable and dependent on a variety of factors, such as the economy, interest rates, and overall demand for housing.

These are just a few of the many factors worth considering when thinking about the potential advantages and disadvantages of homeownership in Norfolk, Virginia. It ultimately depends on an individual's personal preferences and financial circumstances.