Advantages and 3 disadvantages of having a large Earth based telescope

Discuss 3 advantages and 3 disadvantages of having a large Earth based telescope as compared to having a large space telescope.
Suppose that you were given the power to choose 2 telescope projects: one for space and one Earth based. Discuss 6 factors (3 for the space project and 3 for the Earth based project) that you would consider in building the telescopes.
Suppose you personally wanted to buy a telescope (or maybe you already have a telescope) for viewing objects such as nebulae and galaxies. What factors would you consider (or did you consider) in buying a personal telescope? Are any of the factors the same as the factors you chose for the telescope projects?

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