The Alive wrote Say buy-buy
By John Ross
January 31, 2008
For years, Walker and Anne Evans had rented an apartment in German Village, but the young couple recently started yearning for improvements most renters weren’t allowed to do themselves. They wanted to paint walls, maybe build a porch and enjoy a backyard.
Itching to move last year, the Evans family took advantage of a loan program aimed at spurring urban redevelopment and bought a three-bedroom house in the King-Lincoln District. They and their 4-month-old son moved to the historic region east of I-71 around Long Street earlier this month.
“With taxes and insurance, our mortgage is about two-thirds of what we were paying in German Village,” said Walker Evans, adding that the loan program offered a low interest rate and no down payment. “Without taxes and insurance, it’s about half.”
Stories of doom and gloom surround the U.S. housing market, as sales have dropped across the country and in Central Ohio, and many are forced to slash asking prices to sell. But markets are two-way streets: What’s bad for one side can be good for another.
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