Here are some potential advantages and disadvantages of homeownership in Ashland, Wisconsin:

Advantages:
- Stable and predictable housing costs over time compared to renting
- Ability to build equity in the property through mortgage payments
- Control over the property and ability to make modifications and improvements
- Increased sense of community and roots in the local area
- Potential tax benefits

Disadvantages:
- Upfront cash needed to cover down payment, closing costs, and other expenses
- Property values may not appreciate as quickly as other areas
- Ongoing maintenance and repair costs
- Less flexibility to move for employment or personal reasons
- Potential for values to decline in the housing market

It is important to note that these are general advantages and disadvantages of homeownership and may not apply to every individual or location. It may be helpful to do further research on the specific housing market in Ashland to get a better idea of the local advantages and disadvantages.