As we speak the Federal government is again scrambling to put together some reasonable agreement to stop the train wreck that is unfolding in our financial markets. Though I am no economist and certainly don’t have any Wall Street experience I wanted to take a moment to focus on this situation. For the majority of working class Vermonters this whole mess is a complete and udder hodge-podge of uncertainty and unanswered questions. It seems to me that the facts and figures that get thrown out are talked about as if we are dealing with monopoly money. With over 1 trillion dollars in stock money lost in a single day it seems that the passing of this JUNKY bailout plan is inevitable. I feel cheated by this whole ideal that as a tax payer I will have to support the missteps of others and silently support the huge profits of some. In some ways I wish that we could just sit back and watch this whole thing crash and burn and then start from scratch

Unfortunately as a realistic human being, Mother, Realtor and community member this probably isn’t the best approach. If some sort of Bail out Plan is not passed then there will be no Money to loan. That means no Buying or selling of homes, here or anywhere. That means no home equity lines of credit, or construction loans etc. The Real Estate and other credit related markets could potentially loose exponential amounts of money.  Everyone here in Vermont should feel really lucky. To date we have not seen even a fraction of the destruction that other areas like Florida have. Our local market is actually moving in a remarkable positive direction with increased pending sales and good sales figures from the end of summer. What can I say for the future of our local real estate market, who knows. Hopefully our anxieties will remain as just that and the bail out will re enforce the shield that we have been so graciously riding through this wave. I certainly have my fingers crossed that whatever outcome we see that our local market has stability to push through whatever comes at us, as does the financial stability of the people who make it up.