Despard is a small village in West Virginia with a population of less than 200 people. Here are some potential advantages and disadvantages of homeownership in Despard:

Advantages:
- Affordability: Despard has a lower cost of living compared to major metropolitan areas, which could make it more affordable for people looking to buy a home.
- Peace and Quiet: The village is relatively quiet and peaceful, which could be an advantage for those who prefer a more relaxed living environment.
- Community: The smaller size of the village allows for a stronger sense of community, which could be an advantage for those who enjoy a tight-knit neighborhood.

Disadvantages:
- Limited Amenities: Due to its small size, Despard may not have many of the amenities that people might expect in a larger community, such as shopping malls, high-end restaurants, and other entertainment options.
- Employment: The village may not offer many job opportunities, which could be a disadvantage for people who need to find work in order to support themselves or their families.
- Resale Value: As a small and relatively unknown village, homes in Despard may not appreciate in value as quickly as properties in more desirable locations, which could limit potential profits if homeowners decide to sell their homes in the future.

Ultimately, the factors that make homeownership in Despard an advantage or disadvantage will depend on the specific needs and preferences of the individual buyer.