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Sometimes it's good to take it slow. And we're not talking about dancing ... or ketchup.
Kentucky has often been laughed at for being the stereotypical slow and backward state. People in larger cities have made fun of us for being "behind the times."
Well, today's real estate market has proven that being slow is sometimes a good thing.
A story in last Thursday's issue pointed out the difference in the housing market between big cities and small towns like Campbellsville. While metropolitan areas saw large gains in property values for more than a decade, they're now seeing those gains turn to losses - big losses.
At the same time, our area of the country has plodded along for the past decade, making small but steady progress.
Within the traditional banking system, prospective homeowners have to come up with 10 to 20 percent of the cost of a home for a down payment. It's a case of bringing something with us to the table to show our commitment to homeownership.
However, with many Internet and TV loan companies, that's just not always the case. They will often loan more than what the property is worth. Then, when the adjustable rate goes up, so do those house payments ... often to the point of being unaffordable.
We're sure it's not easy to sometimes say no to prospective homeowners, but it can't be any worse than having to take back a family's home once they've made it their own. Local banks should be commended for not jumping on the easy-mortgage-market-money bandwagon.
Our community is a great place to be living and raising our families. That's something we've always known.