The Julie Pogue Properties Louisville KY Real Estate Blog

Purchasing a Home in a Down Economy

There is a certain state of mind that is being drilled into our collective psyche by the media that goes something like this: 'You cannot buy a home now, you don't know if you will have a job tomorrow.' And they go on to show all the countless people who are at the job fairs with resume in hand.

However, if you are currently renting and you lose your job and can't pay the rent, what happens? Your landlord evicts you and probably faster than a mortgage company can foreclose on you!

Yet that is what we hear in the news day after day, people are afraid to buy because of the economy.  Oh, woe is me!

Don't get me wrong, I know there are plenty of people out there who can't buy a home for lots of rational reasons that prevent them from qualifiying but, the economy isn't one of them.  Let's put on that 'common sense' thinking cap for a moment and look at things with a saner attitude.  If you are renting a good size apartment, townhouse, condo or even a single family home, you are most likely paying around $1,000/month.  Now for that same approximate monthly outlay you can purchase a $150,000 home using FHA financing.

What do you have to do differently than what you're doing now? You need a down payment of 3.5% or $5,250, which can come all from you or partly from you, gifted to you in total or in part from Mom or Day, Grandmother, or Uncle Joe.  Your credit score needs to be 600+ and your revolving and installment debt when added to the proposed mortgage payment generally shouldn't exceed 45% of your gross (before taxes) monthly income.  How many of you have I lost? I'll be not many.

Now let's keep those thinking caps on and look at the market place.  You would be amazed at how many good homes you can buy today for $150,000 in the Louisville market! And there isn't a real estate worth their salt that couldn't get you that property with the seller paying your closing costs.

So while you still have that thinking cap on, give me a call at (502) 238-7400 or visit my website at and let's get started.  It's all free, no obligation.

Hope you all have a terrific week and that your Fall is off to a great start!


A Decade of Remembrance- The 10th Anniversary of 9/11

It has been 10 years since this tragic event in our history.  I don't think there is anyone out there that will ever forget where they were on that fateful  morning.  

We need to remember all of those brave men and women across this great country that protect and serve every day to keep us safe.

September 11 will forever be etched in the hearts, minds and psyche of all Americans.  In cities and towns all across the nation people will take timeout to refect on that day.  Even ten years later, it seems like yesterday to me.  Our country has been forever changed.  Never again should this happen.

2001 doesn't seem that long ago.  With the anniversary of the most tragic event in our country's recent history (if not ever!) I realize that my life changed, but it was due to my own choices, whereas the victims and their families had their lives ripped away and tossed around.  I wouldn't be surprised to hear if many are still trying to pick up the pieces of what was behind even now.  My heart goes out to the wives, husbands, the children, the parents, the friends and the survivors.  So scary are the thoughts of what those few hours made us all realize: Be good to the people in your life.  Make amends every day.  Care about things deeply.  Live your life with passion.  Fix the wrongs that you come across.  Pay attention to your surroundings.  Help others.  Take nothing for granted--ever.  And most of all, tell and show people that they are loved, often.

Yesterday I chose to remember the goodness of the American people as we all came together as one nation under God and we were not the red states, blue states, Democratic or Republican, but American.  I chose to honor those who showed us that once again, America is the land of the free and eternal vigilance is the price of our liberty.

Our country was dramatically changed on that day.  But it is what our country did on 9/12/2001 and beyond that is a true measure of our reilience.  America shall endure forever.  Neither principalities nor powers shall stop the American spirit, not from within, nor from without.  America Lives! Be Viligant.

And may God bless America.

Hope you all have a terrific week!


The Real Meaning of Labor Day

Do you know the real meaning of Labor Day? I had a vague idea but decided to check it out.  Labor Day is a United States Federal Holiday observed on the first Monday in September.  This year it was Monday, September 5, 2011.  It is meant to celebrate the economic and social contributions of workers.

The Central Labor Union of New York observed the first big Labor Day in the United States on September 5, 1882.  Peter J. McGuire of the American Federation of Labor first proprosed it in May 1882.  

Oregon was the first state to make it a holiday in 1187.  By the time it became a federal holiday in 1894, thirty states officially celebrated Labor Day.  Following the deaths of a number of workers at that hands of the U.S. Military and U.S. Marshals during the Pullman Strike, President Grover Cleveland reconciled with the labor movement.  Fearing further conflict, legislation making Labor Day a national holiday was rushed through Congress unanimously and signed into law a mere six days after the end of the strike.  All U.S. states, the District of Columbia and the territories have made it a statutory holiday.

The form for the celebration of Labor Day was outlined in the first proposal of the holiday.  A street parade to exhibit to the public 'the strength and esprit de corps of the trade and labor organizations,' followed by a festival for the workers and their families.  This became the pattern for Labor Day celebrations.  Speeches by prominent men and women were introduced later, as more emphasis was placed upon the economic and civil significance of the holiday.  Still later, by a resolution of the American Federation of Labor convention of 1909, the Sunday preceding Labor Day was adopted as Labor Sunday and dedicated to the spiritual and educational aspects of the labor movement.

The holiday is often regarded as a day of rest and parties.   Speeches or political demonstrations are more low-key than May 1 Labor Day celebrations in most countries, although events held by labor organizations often feature political themes and appearances by candidates for office, especially in election years.  Forms of celebration include picnics, barbecues, fireworks displays, water sports and public art events.  Families with school-age children take it as the last chance to travel before the end of summer recess.  Similarly, some teenagers and young adults view it as the last weekend for parties before returning to school, although school starting times now vary.

Traditionally, Labor Day is celebrated by most Americans as the symbolic end of the summer.  It is usually the last day that public and country club swimming pools are open.  In high society, Labor Day is (or was) considered the last of the year when it is fashionable for women to wear white.

Hope you all had a safe and fun Labor Day! Have a terrific week!