By: Alan Aptheker
Heed the words of one of our most notable U.S. Presidents, Franklin Delano Roosevelt: "The only thing we have to fear, is fear itself." There's the low prices, low interest rates, and you're a qualified 25-40 year old professional making $60K – $90K. You and your significant other are renting a townhome for $1200 a month, and you don't plan on moving soon.
The stars are aligned, and there's only one thing preventing you from buying a house: Fear. "It's a big investment." Well so is the $1200 month rent. The difference is that the return on your $1200 per month is $0.00. It's a commitment. Yes, it is. But you can get a formerly $200K condo or $300K single family for about two-thirds of what you could buy this home…