This morning as I have been entering listings on my website and writing blog posts as usual the tv has been playing in the background.  Mostly I just ignore what is going on but sometimes something catches my ear.  This time it was a snippet of dialog from Meet The Press. 

Do you remeber the scene in Jaws where they have been chasing the shark and finally come face to face with Jaws.  The classic line was "We need a bigger boat".  Well we have now come face to face with the economic crisis and right now We Need A Bigger Boat.  As we know all too well as all year we have been chasing the economic shark and catching glimpses of it, but now we are face to face with Jaws.  As this year has progressed it has gone from being a housing crisis, to a crisis with a couple of lenders, to a mortgage crisis, to a US financial crisis, to what is finally a global economic crisis.  To kill this shark we definately need a bigger boat!

Over the past year we have spent a lot of time discussing fairness and trying to figure out who is to blame.  Many people have been concerned that we are bailing out the very people who were responsible for creating this mess in the first place.  We have discussed whether peoplle who bought more house than they should have qualified for and purchased subprime loans should be responsible for their actions.  And we have discussed whether those lenders who made the subprime loans and nodoc loans to obviously unqualified borrowers should be held accountable and allowed to go under.

BUT according to todays discussion on  Meet the Press "fairness is not on the table anymore".  Some people who deserve it will get bailed out and some people who don't deserve it will get bailed out.  Desserving doesn't matter anymore;  we just need to look at the big picture and fix the problem...now how to fix it...

Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at  434 960-0161 , pam@JumpintoGreenerPastures.com, to list your property for sale or to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Troy, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville.

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