Pros of homeownership in the village of Wind Point, Wisconsin include:

1. High-quality living: Wind Point has a reputation for offering high quality living with its beautiful lakefront properties, friendly community, and a peaceful environment.

2. Property value appreciation: The value of Wind Point properties has traditionally appreciated over time, which could result in long-term gains for homeowners.

3. Excellent schools: Homeowners in Wind Point can take advantage of the village's excellent public school system. Families with children in Wind Point can attend the Racine Unified School District.

4. Close proximity to urban centers: Wind Point is not far from Milwaukee, allowing residents to enjoy city amenities like dining, shopping, entertainment, and more without living in a crowded urban environment.

Cons of homeownership in the village of Wind Point, Wisconsin include:

1. High cost of living: Wind Point is an affluent area that is known for its high cost of living, which could be a barrier to entry for some homebuyers.

2. Property taxes: Wind Point has some of the highest property taxes in the state of Wisconsin, which could be a significant expense for homeowners.

3. Cold winter climate: The winters in Wind Point can be long, cold, and snowy, which may not appeal to everyone.

4. Limited job opportunities: Wind Point is a small, suburban community that doesn't offer many employment opportunities. Residents may have to commute to Milwaukee or other cities for work.