a. kind of mind that never had a supply house price at a nationwide basis. maybe she an ebb and flow price but you're not going to see the collapse because she went people don't want to. if there is a bubble. i think that. people like. that the. 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 not higher among people follow. them bernardino recently became the 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. or limit. 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 a 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. dismissed.

the 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 were you think that i don't know all those details i'm

just a 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 police they had just applied to be one of the agent not. december 2006 this house sold for a 1000000 dollars 900 square feet right across the street from the freeway $1000000.00. so we call it retro order here a vintage. lovely. you. are watching this video and your realtor. and you're saying wait a minute i represented the buyer when they paid him. i want to put you my tie down

and go grab a shingle. you don't deserve to be licensed december 2006. want. 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. 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 al that. 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 camp and nobody clued in realtors ever really thought hey 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 design and 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 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 has

a question ok based on the taxes the city is collecting from these people how long is going to take them to me to get the money they just spent. dancer 79 years. as an engineer i knew the 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 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 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 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 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 a moving little google street view yeah. that was that's our show and elysium 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 other 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. 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 $200.00 if they get out as for new break lads. what is the other going to do the number who fits in with a for $40.00 you know these are the last isn't a dinner and if it's not a refrigerator i'm are going there and look if everybody's gotta go. 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 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 that 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. after the right thing. to me kind of transcends left and right because neither

side understands that they both want to go back to what they thought were. it didn't work. is you'll be via reflection of reality. in a world transformed. what will make you feel safe. tyson nation will community. are you going the right way or are you being led. away. what is true what is faith. in the world corrupted you need to descend. to join us in the depths.

or remain in the shallows. the world is driven by shaped by. the dares thinks. we dare to ask. an entire village in alaska has had to move if another country trying to wipe out an american town. we do everything in our power to protect. wanted misc.

climate change is the same threat right now alaska seems some of the fastest coastal erosion in the world we lost about 35 feet. 35 feet of ground in just about 3 months while we were measuring. it is fast and that means the river is $35.00 closer than how. was your 4 i think we're part of her 1st for. baltimore is very similar to many cities and the way that is being read posted us loses its 1950 in 2000 baltimore lost 100000 military trained. so this out of a native state to people feeling like they have control over the necessities of

their lungs. hi. how ya gonna treat all. night. and not find a. way to get. by. not only this interview but that they are you know that's. we will build together port covington and when we build it it will be out. for coming to a vision for at the heart of a new world headquarters for under armor an opportunity for all of baltimore. mr b p. the stamp of

approval on the $660000000.00 project. jobs and the investments are intended to have a mixed income diverse community their definition of affordable housing is affordable to families making about $70000.00 per year so we're saying is just can't build a community with people who are. you know. it's not. only. those neighborhoods to the. favor. and. remember you're creating a strong. international marriage. but we creating structural advantage

in our way. where we are today. and start to understand. politics a little bit more. big and black history. the things that are. going to show. best spectacular bout's we readily recognize that is right but we don't recognize what. we already know as leading people in environments where we don't know. but. i was sitting here watching the police in the children interact on the day april 27th 2015. the children were thorax the police door rocks back at the children in a vision the police you know the. shooting were bullets and they deployed to get

this and at the moment they deploy that. i'm sitting here and i feel like this weight come right oh 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. powerful pivotal turning point because everybody when overdrawn their food everybody went into drawing rooms into activism and profit work and voluntourism. so this is let's. talk about here. is. part of this. i'm originally from the grain that area to me that small section of a 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 stamp you know. the only thing for the last 2 digits of your. song is really being 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 our families so we need to set us straight do you put you all into band street do is really the only entity that we run or we think we were going to say so from there you can go up on a buddy your name what is your name what kind of name you want to leave your job to go and say that's it for that's the name my father left for me i could go anywhere i want to is bottom line i have a problem because all my followers but because i'm not. history duty and morals

i've got a. block in a city. block i'm trying to tell you might help a lot of people just by giving them places to stay and what i know how to do. i know too much about real estate to get them into these homes. as. it was early seventy's when he started. in. which he did not. have seen so much of anything seen. from when i was young man coming to town even to me and it's dangerous. and if we. think. you know said many. people who. have been. beaten up and is so much.

to be made it. to me kind of manifested itself into. so when you turn to the to display your anger. it goes way beyond anybody to thank. you guys are just at the c.v.s. bar. thank you. farai.

to be able. to go. to his life easier. for. someone to stop it right here i just wanted you to see this piece 1st but i want to do something else and into. the young man was poking a water hose with a pocket knife. why i want you to know that see i'm right there. right there. and it's 21 with no price as to 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 accomplished in my life been 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. i got a $1000000.00 in restitution. $100.00 and that is $10000.00 less anybody i know anybody who had to live $10000.00 less and that can lead a city to my recitation pay. while i'm at it can you not allowed lisa he said it sort of presentation to. 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 else. when people make the claim of you know why would people burn down their own neighborhood but then you sort of. statement to sort of gloss over the fate that news labor has don't have this lead to begin with. we why would they burn 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 black community employers so that is it and i think that is sort of why we see some of the prism you see. happening 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 dois. choice property now the. gentrified you know gentrification i suppose on one hand is a good thing for sure cleaned 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 the homes that people. will consume to go in circles and that really get to the root problem. when you look at a rain forest. 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 and

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 form. 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 the places.

join me every thursday on the alex i'm i'm sure i'll be speaking to get a little bit politics sports business i'm sure. i'll see you then. same wrong. just don't call. me. yet to shake out his name comes to the ticket and in game training equals the trail. when so many find themselves worlds apart. she still looks for common ground.

max keiser this is the kaiser report with stacy herbert and special year end guest misfires the man who i must say is the kind of sensitivity to world events and markets really see anywhere except here on time for 4 minutes welcome back. this is not like football. it's not a money spinner but it is expensive. and it's dangerous. and this is. the brakes that's. the problem here some people.

the headline says intensive care units in california fail up during the pandemic clinics of forced to set up night shifts and sign on the time bad the situation has become. we're stuck now we were running low on oxygen on supplies of patients in overflow overflow overflow areas and in russia the over 60 stop receiving the sputnik. after the health ministry said it was safe to do so plus vaccinations road across europe to people to find and. i think we did not have enough feedback on the specs and at the moment i think everyone should take it because that's the only way we're going to have enough for .