The often mentioned pros, like better maintenance of properties, and cons, like less labor mobility and more debt - are at best in balance. From a fiscal perspective I therefore believe that countries should strive to move to a tax system that is more or less neutral towards homeownership.
Not only does this benefit financial and macroeconomic stability via structurally lower debt and real estate prices. It also creates a level playing field for private rental housing. Currently, the supply of housing in this segment of the market is often suboptimal.