united states economy it never did that. i a standard of living for a country of. a . kind of mind that never had a supply house that a nation wide basis. made she an ebb and flow price but you're not going to see the collapse because she when people talk about a bubble. if there is a bubble burst. 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. this is not redemption among people follow. them bernadino recently came to 3rd california say the filed bankruptcy and i don't like the homeowner who can always a mortgage that's more than the house is worth a municipality. if you come back to this property it's considered trust did you ever think that this word could become 50 percent of your business no never would have a list is. just i found a flaw in the model harms our world your ideology was not right especially. out.

everyone needs one of those. it's not just. the team. from the living room. was a team counting the count on. you count this 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 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 countrywide they started at least they had just applied to be one of the agent one. of. december 2006 this house sold for a 1000000 dollars 900 square feet right across the street from the freeway one. so we call it retro order here a vintage. lovely. if you. are

watching this video and you're a realtor. and. i represented the buyer when they paid a 1000000. dollars shipped which of my tie down and. you don't deserve to be licensed december 2006. everyone deserves to get fired. 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 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 bill i think a handful of them and gave up and those are $5.60 square foot. 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 and nobody clued in realtors ever really thought. he'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 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 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 cities collecting from these people alone is going to take them to re 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 what we're doing ok because you know yeah i made 12. and housing payments for 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 year are classified 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 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 that's our show and elysium and that's our. show up after another yeah i know. 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 other start to move in when. the other is

someone of a different race or someone of a different social class i think except colleges and 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. i think the irony today is that it's also now tracked for white people their mechanics say is you go to i didn't they did out of 4 new break lads. what is the other going to do whenever they for $40.00 you know these are the last isn't a gin and if it's not a refrigerator market there if everybody's got a gun. 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. and 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 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. we're starting to see more and more that is a mainstream experience. when even a. year and nobody else can. i.

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 understands that they both want to go back to what they worked. it didn't work.

for. has changed american lives but pharmaceutical companies have a miraculous solution. based drugs the people who are chronic pain patients believe that their opioid prescription is working for them and the remedy be said to. price at the. close or dependency and addiction to opiates to long term use that really isn't scientifically justified and all study actually suggests that. the long term effects might not just be the absence of benefit but actually that they might be causing long term.

baltimore is very similar to the mini cities in terms of the way that is being written. it's 1950 in 2000 baltimore lost 100000 new you very true jumps. so this out of the negatives they do people feeling like they have control over the necessities of their lungs. a bad thing to try again idiotic. held up on a street all. night. and not finding. a way. to get. by my. wife any way not to be arraigned not only this coming week they are your own thank. we will build together court coming to when we build it it will be adverse. 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. just can't build a community with people who are this. is not. only. those neighborhoods.

we created strong. but we creating structural advantage in our way. where we are today. and start to understand. big black history. the things that. we really 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 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 pivotal 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.

part of this. i'm originally from 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 stamp you know. it's only for the last 2 digits of your article so it's really being you know to be connected to a neighborhood. but people outside of st don't want to stamp all of this stuff is about a legacy. you don't really know where we come from we don't know our families so we need to sat at your street there and you put your all into banished. is really the only entity that we run we think we were going to say so from there you can go up

on to a body 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 because i'm 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. we. have seen so much to. see.

from when i was young man telling me and it's dangerous. and. you know many. people who. have been. beaten up and it's so much. to be managed. so when you need to display your anger. anybody said thank.

you. you guys are just at the c.v.s. are. taking. our. lives to be able. to go. as life easy. 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 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 there. and it's 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 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. 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 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. 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 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 and i think that is sort of why we see some of the president. last

may begin to understand the 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. chance of 5 you know gentrification i suppose on one hand is a good thing for to clean 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 continue 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 day leaf has its own individual ecosystem and when you add up all that you have this massive massive complex. 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 and 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 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 call long and in all our places.

this sport is nothing like football. it's not a money spinner but it is expensive. mandates and dangerous. tennis is only speed more.

and they have no brakes to. stop the club from. max keiser this is the kaiser report with stacy herbert and special year end guest misfires by the men who i must say how does the kind of sensitivity to world events of markets rarely seen anywhere except here on kaiser for mit welcome back. join me every thursday on the alec simon show and i'll be speaking to guest on the world of politics sports business i'm show business i'll see you then.

an entire village in alaska. if another country trying to wipe out an american town . we do everything in our power to protect the. water they scaping 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. is fast and he says the river is $35.00 closer than how. was your or i think we're part of the 1st from.

new york and threatens a $1000000.00 fines for vaccine fraud after a medical center is accused of illegally obtaining covert shots. the e.u. launches a massive vaccination campaign against covert 1000 but manufacturers report delays and distribution challenges. and relatives of french care home residents demand a visiting rules be relaxed warning the restrictions are even more damaging to health than covered itself. make sure you stick around for us next hour for an update with kevin i went and said about 60 minutes from now but right now it isn't because reports say with the start.