tv Documentary RT December 29, 2020 12:30am-1:01am EST
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see the power bankruptcy and i'm like a homeowner who can walk away from a mortgage that's more than the house is worth i mean it's a pouty. 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 the lives of . us i found in the model farms our world your ideology was not right to charge the. jar opener everyone needs one of those. it's not just.
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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 it 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. i said laurie you think that i don't know all those details i'm
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just saying blur meaning it was a blur time of my life well let me add some color because i remember i'm sure. the blog was run into i don't want to. because of our connection to countrywide 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. a vintage. lovely. you. are watching this video and your realtor. say wait a minute i represented the buyer when they paid a 1000000. i want to put you my tie down and go grab
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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 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 that one way to determine what some
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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 good 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 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.
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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. he has
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a question ok based on the taxes the city's collecting from these people alone is going to take them to me to get 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 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 what 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
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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 off guard and so we've made it right i don't know maybe the midwest it's heartbreaking the midwest is heartbreaking think of all the places this is one of the last ones i lived. it's
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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. a man. after another and. 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 again like this really wonderful tool to be able to write in
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a more camouflaged kind of racist way we don't want those people here. i think the irony today is that it's also now trapped for white people that might carry say as you go to are that if they get out as for new break lads. what is the other. you know things are. going to fix my refrigerator my. 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 they're going to kick them to the curb. been able to travel around the country to experience different communities it's the. same
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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. for starting to see more and more that is a mainstream experience how are you going to. win even the mission here and nobody else because each colony even. if. 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 because neither side
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understands that they both want to go back to what they thought were. it didn't work. max keiser this is the kaiser report with stacy herbert and special year end guest misfires. who i must say how the kind of sensitivity to world events and markets we're really seeing anywhere except here on cars for 4 minutes welcome back. seemed wrong. to me to be yet to stamp out. just because you add to it and it. equals betrayal.
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baltimore is very similar to many cities in terms of the way that is being read closer to us loses between 1950 in 2000 baltimore lost 100000 1000000 featuring jumps. so this is a negative aspect to people feeling like they have control over the necessities of the lines. are. held up on a. night that's a lot of fun. for.
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people to get. a lot of. not only this but. i thought. we will build together paul. when we build it it will be. for coming to. the heart of a new world headquarters for under armor an opportunity for all of. this the. baltimore city council put the stamp of approval on the $660000000.00. jobs in. a new diverse community their definition of affordable housing is affordable to families making about $70000.00 per year. to build a community with people who are wealthy this. is not hard. but
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we already know as leading people in environments where we don't. 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 their food everybody went into drawing themselves into activism and nonprofit work and voluntourism.
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so this is let's. talk about here so that's. part of this. i'm originally from graham 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 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
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about legacy. you don't really know where we come from we don't know off families so you to set your straight there and you put your all into banish me do is really the only energy that we run we think we want. so from your kids grow up under your name what is your name what kind of name you want to leave for your children. anyway i want you to bottom when i have a problem because all my followers but. not history do. i 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 don't know how to do. i know too much about real estate to get them into these homes. as.
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someone to stop it right here i just wanted you to see this piece 1st but i want to do something else i need to do something young man was poking a water hose with a pocket knife. why i want you to know that see i'm right there. right damn. it 21 with no price 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 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
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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 you said he said it's 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 seat. 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 news labor has don't have this need to begin with. the one with the burned on their own community i mean it really
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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 president. 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 dois. choice property now the. chance for 5 you know gentrification i suppose on one hand is a good thing for you 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 in neighborhood their homes are gone.
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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
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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 of that. 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 and the needs that call on him in all our places.
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mass communication is spreading. that made us. say that end of m.t.v. is. the basis. on television content appeal is on e g. based alternative vision. starts to question. thank you late sixty's or. later to the terminator. to media. state and i doubt it is safe. you'll get exposed to the t.x. deflates decontamination i tell to ice and spray it with think
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there. if you can defend yourself angela from the communication. to check for. the enemy as soon gave you. 60. an entire village in alaska. if another country trying to wipe out an american town. we do everything in our power to protect. water then escaping climate change is the same threat right now alaska seems some of the fastest coastal erosion in the world we
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a lot of the smaller new york threaten this 1000000 dollar fines for vaccine fraud after launching a criminal probe into a medical center it thinks the legally obtained covert jobs. as leaders around the world plead with people not to risk yet another new wave of covert by celebrating the new year in public. the b.b.c.'s director of cultural diversity and other news opens a race storm by claiming even the white working class more privileges the middle class people. from ethnic minority backgrounds. flows out international good morning from a kevin 0 in here with.
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