tv Documentary RT December 28, 2020 8:30pm-9:01pm EST
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screenshots of. the flipper. from upstairs to the right if. we get it right with it then. we pull the rooms back from here this is the work you do. from check this out. and he's taking business sections tell me a woman. friend whatever you would see. if. the finger. create is good read a bottle in the middle of
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a concrete when you see just float i don't know yet if you're asking me are just cool through a screen and heavy coming back to the room. any never heavy but my whole thing is puddle. all shit to me it means freedom stripped as a. small mob valuate this world i'm alone while i understand it but you don't call it anything. you are nothing you know some have is in this world catastrophic you gotta have a place that you can go to. and say this is my about i was going on i'll know this and it means so much to me is everything to me. from by myself i tend to savor it. so peaceful you know how to be walk around i'm on the way i'm going to for a very good at some apple juice is going out on the porch and smoke
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a cigarette. you know is find a reason to snap out of it. so i think you can only be so long. it's not fun and you leave and go home and. in fact i wouldn't call the trenches. from the thirty's onward every single president has spoken of homeownership almost as the basis of citizenship your ability to own a home kind of makes us citizen the most tangible cornerstone that lies at the heart of the american dream and that's the chance to own your own home those of us who've been given positions of responsibility to us all must do everything we can to spotlight the dream and make sure that dream shines in all neighborhoods. across
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a great realtor a good realtor sells a least one house a month check their sales history on selo. americans. buying homes in southern california especially we dig real estate and we forgot about the bubble and all the other trouble the financing and everything else. and here we are right back at it frenzied up 51015 buyers for every house like none of that ever happened. to. the 800 video. i document the real estate market on you tube i got almost 1500 you tube. to give people really good sense of what's happening. i mean sure of this that today that house sold for 1.6. 1 point one i'm
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talking millions here. point 4. 585. i don't know what to say. but it's going to work. i don't know what the heck it is the dollhouse. pool in the front yard. slightly unfinished. firepit. why is stealing a trick to get me all the other appliances all still want. what could have been so nice about those pillars that they had to steal this and i'm not sure. there's. 15 houses on this street. i think it was. at least 8 of them had loans way over a 1000000 but if you're sitting on a 1.2 or 1.4 loans and you see houses listed for. 585 they can make you feel about. making that next payment.
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so what we saw in 2008 was the unwinding of the housing finance system what most people understand as a financial crisis or a problem of our housing stock actually is on wanted to get a social contract that was built in the 1940 s. . and so understanding that and how the american home was the basis of how we organize the economy and how we organize social stability is an important part of understanding why we are where we are now. you know thank you you can be. many years ago.
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years ago. i. was. born here many years ago and he used to be an. issue around here someplace where you know we. might have. converted. that used to be a tiny tiny. let me just check up a little bit. of the punch. when i was 6 months old we moved from little italy in manhattan. there was a housing project in one night my uncle frank was orders white and.
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over town. nation no but everybody thought it was going to fail because he built 10000 and it is like that. coming out of the 2nd world war the idea of mass production became something that was truly a reality they. look. all new world. the idea that came to a man named bill levitt what this wind up mass produced the elements that go to make up all the auto industry does with the parts that go into a new law. when i was living there it was at a very particular moment and that was coming out of post-war trajectory and that created the need for that type of housing. retraining to that you can house friends little as a $100.00 down and that $99.00 and i'm not as pretty as the federal government was
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insuring your market. you had the g.i. bill in turns in construction of new homes so the whole idea is your government wants you to have a home so this was an easy way to sort of jumpstart the housing industry and make homeownership possible without those subsidies lower middle class families would never been able to afford to massive movement into the suburbs that we saw in the late 1940 s. 950 s. soon to be 966. i was a police officer in the national county and we were the swat team as well. who i'm going to say you know to story about sticking your tongue out of folks in the middle of winter i did my duty. right on that where. i swear to god i did.
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if you couldn't afford to. put a down payment teacher. that they would let you rent them. what the future by the. right isn't done when you're right that the prognosis building firm in the world well all it might take an awful lot of doing we had to start from scratch with absolutely no everything out to be don't want if you go back to william levitt he said no man who owns his own home and lot can be a communist. because he has too much to do. this was a fundamental part of how our political leadership and our country at large understood the bargain you get a hope right i mean you have to work there are 30 or jobs that go along with it that match the 30 year mortgage and then you know rebel right as the things you don't revolt if you have a stake in the system. the
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world is driven by shaped by one person. the day various thinks. we dare to ask. an entire village in alaska to move if another country trying to wipe out an american town. we do everything in our power to protect the. water they escaping climate change is the same threat right now alaska seems some of the fuss just
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you would then because you report on one of the most unusual diplomatic events in recent history was that's said the kitchener mates are less famous now mass in the history of post-war housing or. as say sickly next and same to christian of that the strength of the american economy is the post-war home and the ability of americans to purchase consumer durables to fill it so let's go to pete not just him that will give you people more good will be a better system and this one particular moment nixon was right.
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this was the strength and the american economy. i can remember even as a kid looking at house magazines and seeing these incredible visions of the future that house represented in those pages was something that you could aspire to and that was starting to become a reality. now wonder what it would be to move out by. the house of 99 to. be virtually. 3 3. life will be richer. as face age dreams come true.
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45. i've got a point. give me say. that levy did. that. the only thing that never did that was not be the 1st one to admit to. no black. on black. and that. is just. some fighting alongside a black man willing to die for his country. and he can buy a house next to me and live again. and then i don't make any sense. now we're looking for
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just because i was struck by how familiar it felt it was a connection to levittown that they both developed as post-war suburbs. i believe going in he built these houses he really built these houses for the veterans coming home from the war it was hard for him to get financing for these houses because they were so different the whole social partners his design. and. and so don't i'm not even going to open oh he was a socialist and i think a lot of the people that moved in here well i'm going to get into this.
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my father is gregory fairly well known in california architect from the forty's and fifty's. so this is letters. to say i just came into my hotel room from an interesting and unexpected visit to the basement drafting rooms that yeah why didn't have to tell of johnson's jewel that new canaan he is a real fascist intellectual. i started running through some old papers and then i came across this no 200 page 10200 page file that the f.b.i. kept on and then they were watching everything he did from the mid forty's to the mid fifty's. gregory believes that decent housing should be the right of everyone not just the privileged very wealthy people. watching 12 percent of the population is black there should be a lot of black families living out here yeah this is only
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a beginning but i think it's wonderful well let's see how wonderful it is what i want to belive winds come flying out of. there my olds. the neighborhood was supposed to be twice as large the playoffs was $400.00 homes and only $52.00 were built the f.h.a. at the time didn't think that enter graded neighborhoods would be attractive to the general public. and they're providing mortgage insurance and in their minds for that would bring down the value of the homes. you know most people in america the value of those homes and parents passing that on to their children that
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made the biggest difference african-americans were left out and that. that inability to protests have paid and what created american middle class has a lot to do with the problems we have now. would. be really interesting to dial back and think about the longer deeper history housings men in the united states not just that question of the american dream but the bigger question of who the dream has been for.
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don't really understand how segregated the city was because i never left. my days in a. week. and nice apartment complex. really . decent. at night it was fun when i got back to. somewhere for a week just to get a house together. so many neighborhoods. this neighborhood still pretty much but the same. vacant we used to go. from. it's rather hard to go on and fight every day before they got
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a big. you know a jam packed. show as. you say. baltimore is a microcosm of many urban areas in america and it is like dickens would say the tale of 2 cities. you have great investments in certain parts of town and other and looking like a ghost town. anyways the ground 0 for racial apartheid in america. where racial zoning was. racially richard 2 covenants were also created here. we have a myth in this country that the reason neighborhoods are segregated this because
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people like to live with one another who are of the same race or because african-americans have too little income to move into white neighborhoods or because this private prejudice that prevents african-americans from buying homes in white neighborhoods and that's all true but it's a tiny tiny part of the truth. there's intentionality with the capital decisions that were made around housing in the forty's and in the fifty's and i think people are a lot to sleep thinking that certain things happen by default rather than by design you have the effigy in the federal housing administration a veteran's administration they subsidize home building in the suburbs and then they say is racially exclusive it means white people can move out to these areas black people. what is probably a surprise to a lot of people is that red lining is created by. federal government. that's when
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the headlines here on our chief international as intensive care units in california fill up during the pandemic clinics are forced to set up makeshift towards outside one nurse tells us just how bad the situation has become. we're stuck now we were running low on oxygen on supplies patients in overflow overflow overflow areas. and in russia people 60 and over start receiving the sputnik vicodin vaccine after the health ministry said it was safe to do so. and vaccinations are rolling out across europe as well but people are divided on the issue. and i think we did not have enough feedback on the specs and at the moment i think everyone should take it .
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