kind of mind that never had a supply house right at a nationwide basis. maybe she an ebb and flow price but you're not going to see the collapse because she when people go into bubble. if there is a bubble. that. people like. that the housing. her entire economy is in danger and that means life as most americans know what is about to change 40000000 people took a mortgage in the last 3 years they will assume this is. actually higher among people who follow. them bernadino recently come to 3rd california say the filed bankruptcy and i don't like the homeowner who can walk away from a mortgage that's more than the house is worth

a municipality. if you come back to this property it's considered trespassing did you ever think that this word could become 50 percent of your business no never would have to live. yes i found a flaw in the model harms our world your ideology was not right to start. out. everyone needs one of those. this night stands.

team. from the living room. i was 18 counting the counter. he count those 2 feet here. i've been doing real estate with him since now that was 2 so that's 16 years. after the l.a. times article in the nightline piece all bad i remember us being just completely crazy busy i mean as great as it was it was such a blur. it was a blur. you think when i said laurie you think that i don't know all those details

i'm just saying blur meaning it was a blur time of my life well let me add some color because i remember the i'm sure. the blog was run into i don't want to talk about those tales. because of our connection to countrywide they started the lease they had just applied to be one of the agent. didn't watch them do you think it was. december 2006 this house sold for a 1000000 dollars 900 square feet right across the street from the freeway at $1000000.00. so we call it retro order here a vintage. lovely. you. are watching this video and your realtor. and your chin up and off the couch saying wait a minute i represented the buyer when they paid a 1000000. i want to put your my tie down in. go grab

a shingle. you don't deserve to be licensed december 2006 so. everyone was on it to get fired. i'm jim. there's a lot of trust marketplace on value could this be just a value bubble where people just keep paying these crazy prices a lot more than they used to just literally a year ago just because they want to get a house there really isn't the evidence to help support them that i can say oh for sure it's worth it. there's really i think some valid concern about valuations when the proof is so thin. it's always been a problem in this industry there is. just one way to determine what some is worth is look what other people paid off the other people were crazy.

they were hoping to get $2000000.00 for these appear you can see the i think a handful of them and gave up and those are $5.60 square foot alice. everyone was going by the montra get in or you might get price down forever because up to that point no one had seen any previous downturn just wasn't in the can you larry and nobody clued in realtors ever really thought party's never going to end.

i mean the thing about this is this is kind of i used to bill i was the engineer would design and layout build this stuff. i would work on these big development projects sees would come to us we want this done we got to build it and i sincerely believe that the work i was doing was building a great america. but then i started to ask some questions about what comes next. after we build something how do we take care of it what's the cash flow that makes this all work i started to look at developments that i had worked on and run some larger math problems. for example the developer would come in and build the road the developer paid all the costs to build it people have been paying their taxes and the idea was they pay their taxes and then the government would fix this road. the cost was $3.00 and $54000.00 to fix that road we has a question ok based on the taxes the cities collecting from these people alone is

going to take them to recoup the money they just spent. dancer 79 years. as an engineer i knew that road was going to last 2025 years this doesn't make any sense the growth creates what we call the illusion of wealth if you lose money on every transaction you don't make it up in volume. where we accidentally. were like way out here. you can look at the run up to the housing crash as a prime example everybody felt like well we're doing ok because you know yeah i made $12000.00 housing payments but my house went up by 40000 i cashed out the difference i'm doing fine here's subtly skirting around the core problem which is that the underlying economy does not work. in 2000 we had 1100 census tracks from this country. that year could classify as persistent

poverty in 2010 it went from 1100 census tracks to 3300 census tracks 3 times the american geography is now in persistent poverty. our places don't work they're just designed to decline. if you don't know what was lost. you don't look at the place and see like this is decline. 143 if you're 10 years 20 years 30 years older than me all you see is wounds. and so it's really hard for you to get your mind out of that and actually see how this could be a better place. now we have it all of made it right i don't know maybe the middle east is heartbreaking the midwest is heartbreaking think of all the places this is one of the last ones living but it's home and you know there's a part of me that loves it too like i look at it and i'm like i want to help this

place i want to make it a moving little google street if you go yeah. that was. the same and that's. after another yeah i know. i'm educated enough to to know that i shouldn't talk about some things because i i realize how ignorant i am i mean i grew up in a city that is 99 percent white and probably still is very close to that. but when you start to get a mixing of people in the community the others start to move in whether the other is someone of a different race or someone of a different social class i think excite colleges is that there's a natural human tendency to circle the wagons and what zoning did is a good like this really wonderful tool to be able to write in a more camouflaged kind of racist way. we don't want those people here. think the

irony today is that it's also now trapped for white people their mechanics say as you go to why didn't they get out as for new break the lads. what is either going to do the number who finished they for $40.00 you know these are the last isn't a gin and if it's not a refrigerator mired there if everybody's gotta go. you know cream abdul-jabbar said the hyper problem we had today is less racist than it is poverty and i think use exactly right i mean there's a racial element to it but. middle class whites will sacrifice poor whites too there's no racial loyalty there they're going to kick them to the curb. been able to travel around the country to experience different communities it's the same it's the same thing. so you see across the rust belt and you see across rural america

people struggling and those struggles are kind of shared struggles with people in urban areas that have long been left behind. when you find that you can no longer get the mortgage week you can no longer cash out the equity when you can no longer get a car loan for the new car your world changes and your experience changes and america becomes like a really cruel place. you starting to see more and more that is a mainstream experience. when even a. year and nobody else can meet. you can create a social contract and make tons of promises we now live in the day when those promises are coming to you. and that's not a left or right thing. kind of transcends left and right. neither side understands

that they both want to go back to what they thought were. didn't work.

secrets prisons are not usually what comes to mind when thinking about europe however he even the most prosperous can be deceived within the zeros all the way to view houses were allegedly preserved was located only cia people had access to the story investigators she covered the darkest dealings of the secret services but i mean. you graded nor. crying for justice. there is a saying in washington don't let the perfect be the enemy of the good this appropriately describes the political warfare for another stimulus package and the center of this standoff is who wins or loses just prior to the election in the meantime tens of millions are suffering with no end in sight.

baltimore is very. many cities and the way that is being read. between 152100000 manufacturing jobs. so this had a negative effect to people feeling like they have control over the necessities of their lines. and of. not. a lot of fun. but. why. not only did.

that. we will build together port covenant when we build it it will be. coming to. an opportunity for. this. more city council put the stamp of approval on the $660000000.00. jobs in. a mixed income community their definition of. people who. is not. only.

created strong. but we've created a structure. more . readily recognize that is right but we don't recognize. we will recognize people in environments where we don't have our.

but. i was sitting here in mind this watching the police in the children interact on the day of april 27th 2015. the children were thorax the police door rocks back at the children in a vision the police you know they're shooting were bullets and they deployed teargas and at the moment they deplore that teargas i'm sitting here and i feel like this weight come right on my chest and i'm like i can't breathe i can watch it anymore because i knew it was causing some sort of physiological reaction in my body. it really was a. powerful turning point because everybody when overdraft or food everybody went into drawing themselves into activism and nonprofit work and voluntourism. so this is let's. talk about here so that's an.

exercise. like to be with a partner well. i don't think i'm originally from graeme out the remote area to me that small section of the neighborhood is everything because there's a certain level of pain you got to go through to be really from baltimore and when you really from a neighborhood that has a reputation you get was known as a speck. i have. my little stamp you know. it's only for the last 2 digits of your. so it's a really big you know to be connected to a neighborhood. but people outside of st don't want to spam all of this stuff is about legacy. you don't really know where we come from we don't know off families so we need to set your straight there. and you put your all into band. is really

the only industry that we run we think we were going to say so from. your name what is your name what kind of name you want to leave for your children. anyway i want to have a problem because of my followers but because i'm not history do. blood i'm trying to tell you my help a lot of people just by giving them places to stay and don't know how to do. i know too much about real estate to get them into these homes. as. we. have seen so much you. see.

from when i was young. and it's dangerous. and. you know. people who. have been mentally. is so much. to be made it. to me kind of. so when you need to display your anger. anybody to think. that.

hey guys you just said the c.b.s. are. taking this and are. going. to go. it's going to be. with. someone to stop it right here i just wanted you to see this piece 1st i want to do

something else into something young man was poking a water hose with a pocket knife. while i want you to know that see i'm right there. right there. and it 21 we know. spent 2 is fighting 25 and he was trying to give me more time than i had been on earth. it was scary but it was eerily familiar because it felt like no matter what i converse in my life in the 1st person to go to college graduate school i felt like i was supposed to be there it's kind of hard for you to. take this stuff that we see here and translate it into the humanity of it as a person a 1000000 got a $1000000.00 in restitution $100.00 and that this $10000.00 plus anybody know

anybody who had to live 10000 less. can lead a city to my presentation pay. well he. can't unilaterally you said he said it's sort of presentation pay these in a struggle day don't make the news these are the differences that make. people like myself turn off from everybody just self. you know what i mean because everybody has a share. when people make the claim of you know why would people burn in their own neighborhood but then you sort of. statement to sort of gloss over the fate that new used labor has don't have this need to begin with. we why would they burned on their own community i mean it really isn't a community that they've been able to have ownership is. don't push me cause close to the aids black community employers so that is it and i think

that is sort of why we see some of the prism you see that. last may begin to understand that black lives matter but black lives don't matter of black neighborhoods don't matter. i came back yes subsequently when i was a police officer. and it was all bricked up all the windows to doors. choice property now the. chance of 5. gentrification i suppose on one hand is a good thing for sure cleans up the neighborhood it makes it nice but my heart goes out to the people who once lived here who got moved down because when those poor people go you know they were forced out it enabled by their homes are gone. if we as a country don't pay attention to. the places where people are the homes that people . will continue to go in circles and that really get to the root problem.

when you look at a rain forest home you're seeing a very complex ecosystem. not only do you have these massive trees but you have all the understory all the animals every do leaf has its own individual ecosystem so when you add up all that you have this massive massive complex and. you compare that to say a cornfield. you have one species of plant the complete monoculture. and what you see is a very efficient undertaking a truce a lot of corn in a very small space but you certainly don't have the complexity and the ability to thrive than a rain forest. so what we did is we switch cities from being complex systems to.

you look back in history and the way humans evolved along with the city. and what you see is that messiness that friction that rubbing up against other people is an essential component. and there was a certain discomfort that went along with that there was also a social dimension to it that we've just completely lost. this pattern of development has allowed us to. intentionally enrich. the pain and the hurt in the needs that colin in all our places.

i. there is a saying in washington don't let the perfect be the enemy of the good there's a probe really describes the political career over another stimulus package and to center of this standoff is who wins or loses just prior to the election in the meantime tens of millions are suffering with no end in sight. no one i mean yet they're still on they can act on many grown men not new dorp or.

kind of but i wonder. if the now i think it's higher than our. members of the africa mafias always them safe and quick passage to europe but once they. leave they are in sleeves the country china europe. will not some of them libya my home and i couldn't you know if this unit can get it out to him. from the cinquera. they sold the. court of the united. because the persona that i can't even. be the norm.

is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led so. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or inmate in the shallowness.

of. france val's to take on islamic radicalism after the horrific killing of a history teacher but average muslims fear that they will bear the brunt of the government's response. when i feel that you know i will have to maybe be careful of what i post of my freedom of speech as a human rights activist he's literally on the balance. and integration issues elsewhere in europe a lebanese man is denied german citizenship over his refusal to shake hands with a woman discrimination or a justified request opinions differ. that was a clear signal that he still is here to a totally different value system than the one we.