no dares thinks. we dare to ask. united states economy is never the better fate have i a standard of living for a country of a. bit a cold. kind of mind that never had a supply and house prices that a nation wide basis. made she an ebb and flow price but you're not going to see the collapse of the end she when people go into a bubble. if there is

a bubble. that. people like. and think that the thing is about to. say oh no. but. our 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 lose their lives this is not redemption among people follow. them bernardino recently came to 3rd california say the filed bankruptcy and i would like a homeowner who can walk away from a mortgage that's more than the house is worth a municipality. or leave it up if you come back to this property it's concert. did you ever think that

this word could become 50 percent of your business no never would have the lives of . yes i found. the model harms our world your ideology was not right to charge the. jar opener everyone needs one of those. snatched. the team. from the living room.

i was 18 counting the counter. he count this to feed 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 where 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 running i don't want to talk about those tales. because of our connection to kind. they started the lease they had just applied to be one of the.

december 2000 and. 900 square feet right across the street from the freeway one. so we call it retro order here a vintage. lovely. you. are watching this video and your realtor. i represented the buyer when they hit a 1000000. i want to put you my tie down and grab a shingle. right now and you don't deserve to be licensed december 2006. if you want.

to get fired. i'm jim. there's a lot of trust marketplace 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 and i can say oh for sure it's worth. 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 they built

a game full 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 priced out forever because up to that point no one had seen any previous downturn just wasn't in the camera larry and nobody clinton realtors ever really thought a party is 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 seize would come to us we want this done we gone 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 or near run some larger math problems. for example developer would come in to 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 asked the question ok based on the taxes the cities collecting from these people alone is going to take them to me to get the money they just spent. the answer 79 years. as an engineer i knew that road was going to last 2025 years this. does it 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 have today. we're like way out here. you can look at the run up to the housing crash as a prime example everybody felt like we're doing ok because you know yeah i made 12000 dollars 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 in this country that you can 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 off guard and so we've made it right i don't know maybe the middle east is heartbreaking the midwest is heartbreaking of all the places this is one of the last ones i live in but it's home and i 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 better i'm moving a little google a street if you go yeah. that was that's our show and elysium and that's are there certain. after another.

i'm educated enough to to know that i shouldn't talk about some things because i'm i'm 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 again 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 lads. what is in. there for

$40.00 you know things are. not refrigerator. you know cream abdul-jabbar said the hyper problem we had today is less race 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 struggle 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 in america becomes like a really cruel place. starting to see more and more that is a mainstream experience how are you going to. win even the mission here and nobody out because i don't need no money for you. you can create a social contract to 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 because neither side understands that they both want to go back to what they thought worked. or didn't work. max kaiser financial survival guide liquid

assets not those that you can convert into class quite easily. to keep in mind though as if i'm into a place to watch guys or board. secrets prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived we've seen this 0 zone there were 2 view houses were. preserved was located only cia people had access to the story for investigators she held the uncovered the darkest dealings of the secret services but i mean. you grated nor in. hockey seem a bit of sore knee for. crying for justice on oxy. is sort of amazing country. with so many friends in russia and i'm very excited to be

here. i love that idea i think i can do that. every night i make a lot of money with. millions and hundreds of me. here is the nice what. a great wall and nobody feels a lot better than me believe me and i'll build a very inexpensive like a great great wall. 'd just in case you're worried about who's going to pay for it mexico will pay for. it we'll see what happens who knows i always say who knows what we'll see on the field it will be

a success. baltimore is very similar to many cities in terms of the way that is being written and posted as loses between 1950 in 2000 baltimore lost 100000 1000000 for each region. so this out of the negatives they do people feeling like they have control over the systems of their lines. are. telling. me. not. to not find. me again. not only does not.

we will build together. when we build it it will be. for coming to. an opportunity for. the. city council put the stamp of approval on the $660000000.00. jobs and. community. is not. only.

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

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 throwing themselves into activism and nonprofit work and voluntourism. so just let's. talk about here so that's

a. nice life to be with parker well. i'm originally from graham out the grim out 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 state. i have. my little step 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 street don't understand all of this stuff is about legacy. you don't really know where we come from we don't know how families so we need to sat at your street there and you put. it's 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 your job. anywhere 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 it. i know too much about real estate. as. we. have seen so much.

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

hey guys you just said the c.b.s. bar. take a listen. let's not. go. it's going to be easy. for. 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 damn. it 21 we know this spent too 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 compass in my life been the 1st person to go to college graduate high 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 is $10000.00 less anybody i know

anybody had to live $10000.00 less and that can lead us any time a recitation pay. while he. can't unilaterally said he said it sort of presentation pay these in a struggle they 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 shoe. when people make the claim of you know why would people burn down their own neighborhood but then you sort of live statement to sort of gloss over the fate that new used labor has don't have this need to begin with. the why would be burned on their own community i mean it really isn't a community that they've been able to have ownership in. don't push me cause close to the black community and close to that is it and i think that

is sort of why we see some of the prism you see that. happen may begin to understand that black lives matter but black lives don't matter if 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 for 5 you know 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 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 day 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 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 corn.

and. 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 is 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 and the needs that colin and all our places.

don't look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about official intelligence and the point obesity is to trace evidence here. on various johnson with artificial intelligence will summon the demon.

must protect its own existence as a excuse for the. shifting alliances to washington's unrelenting policy assault against russia and china has already altered the world order what remains to be seen is how most going to be she mobile together to confront us also will america ever be normal again join me every thursday on the alex i'm unsure and i'll be speaking to guests of the world of politics sports business i'm show business i'll see you then.

in the stories that shaped the week pearl rejects purchasing the astra zeneca covert 19 vaccine after lab data is withheld and a volunteer dies during trials although testing does continue. shortly before thursday's u.s. presidential debate a former business associate of joe biden's son comes forward with more allegations of corruption against the biden family. after the horrific slaying of a history teacher france confronts radical islam head on but muslims fear they'll bear the brunt of the government's response. without fear or don't you know i would have to maybe be careful or fall for what they opposed to and my freedom of speech as a human rights of activists is literally on the balance.