Good:
1. Proximity to nature - The city of Riverton is located in the heart of the Wind River Valley, providing easy access to numerous outdoor activities and scenic views.
2. Low cost of living - The cost of living in Riverton is significantly lower than the national average, making it an affordable place to live.

Bad:
1. Lack of amenities - Riverton is a small town with limited access to modern conveniences such as shopping centers and restaurants.

Advantages of home ownership in Riverton, Wyoming include:

1. Affordability - housing prices in Wyoming are relatively cheaper compared to most other states in the US.

2. Tax benefits - homeowners in Wyoming enjoy certain tax advantages from property ownership such as mortgage interest tax deductions.

3. Investment - home ownership is generally considered a wise investment and can help build wealth over time.

4. Stability - owning a home provides stability and the freedom to make changes to the property as desired.

5. Community - homeowners become more involved in their local community and can develop a sense of pride of ownership.

Disadvantages of home ownership in Riverton, Wyoming include:

1. Maintenance costs - homeowners are responsible for all maintenance and repair costs, which can be expensive.

2. Property taxes - property taxes in Wyoming can be relatively high compared to other states, and can increase every year.

3. Lack of flexibility - owning a home can limit your ability to move for work or other reasons.

4. Mortgage debt - taking on a mortgage can lead to debt and financial stress.

5. Market fluctuations - the real estate market fluctuates, so home values can decrease and result in a loss on investment.