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. a model people followed. them bernadino recently became the 3rd california state the filed bankruptcy and i like a homeowner who can walk away from a mortgage that's more than the house is worth a municipality. 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 . yes i found. the model harms our world your ideology was not right for stars. out.

there one needs one of those. it's not just. the team. from the living room. it was a team counting the counter. he count this to feed here. i've all 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. 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 laurie you think that i don't know all the details i'm 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 and i want to. because of our connection to countrywide they started at least they had just applied to be one of. them do you think that. 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 water heater a vintage. lovely. if you. are watching this video and you're a realtor. and you're jumping off the couch saying wait a minute i represented the buyer when they paid a 1000000. i want to put your my tie down and go grab a shingle. right now and you don't deserve to be licensed december 2006 so. everyone who was on that to get fired. i'm general. there's a lot of trust the 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 it. 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 is worth is look what other people paid of the other people were crazy. they were hoping to get $2000000.00 for these appear you can see they built a 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 can you larry and nobody clinton realtors ever really thought a party is never going to end. i mean the thing about this is this is going to build i was the engineer it would design and layout to 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 alone is going to take them to recoup 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 at today. 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. well you see these 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 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 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 if you go yeah. that was. a man that's our. shop 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 a commune like 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 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 as you go to watch it if they get out as for new break lads. what is your goal. for $40.00 or if you don't think so yeah this was an agenda to fix my refrigerator mark and look. you know cream abdul-jabbar said the hyper prob. and we had today's last race than

it is poverty and to use exactly right i mean that there's a racial element to it but. middle class whites will sacrifice for 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 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 we can 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. starting to see more and more that is a mainstream experience. when people.

here and nobody else because. 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 thought worked. it didn't work. but the pandemic no certainly no borders and is blind to nationalities.

has emerged we don't have a charity we don't have the facts in the whole world beat's to be the chief. judge and. come in a crisis like this this time to time so we can do better we should be. everyone is contributing each of our own way but we also know that this crisis will not go on forever the challenge is creating the response has been masked so many good people are helping us. it makes us feel very proud that we are in it together . this is nothing like football. it's not a money spinner but it is expensive. and it's

dangerous. this is only speed. and they have no brakes it's a. trip to hell and some people. like a back to the kaiser report imax guys are time now to go to being dollar collapse dot com john welcome back to stacy now we've known you for many years ago and back treat bitcoin days and well 20 points seems to be the year that driven the dollar to collapse in a way that gold was unable to. baltimore

. many cities in terms of the way that is being written. between 195-210-0000. so this is a negative aspect to people feeling like they have control over the necessities of the lines. are. held. on a. nod. and i find it. all again. not only this they are your boat was. we will build together port covington 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 exchange for the investment. community there definition of. making about $70000.00 per year. build a community with people who are this. is not. only. neighborhoods.

created strong. reading structural and teach. understand. more. readily recognize that is right but we don't recognize really were. slow. we already know living people in environments where they don't have. a desk. in baltimore city. i was sitting here in mind this

watch ing 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 tear gas and at the moment they deplore that tear gas i'm sitting here 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 political turning point because everybody when overdraft their food everybody went into throwing themselves into activism and nonprofit work and voluntourism. so this is let's. talk about here so that's a couple of less. exercise even the president you think is likely to be with the

wrong party route. if. you go back on the recently from ram out agreement 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 speck. i have. my little stamp you know. it's only thing for the last 2 digits of your article so it's really being you know to be connected to a neighborhood. but people. don't. all of this stuff is about legacy. you don't really know where we come from we don't know our families so. you put your all into band. is really the only industry that we run or we think we

were going to say so from. your name what is your name what kind of name you want to leave for your children. anywhere i want 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. i have a lot of people just by giving them places to stay and to do. i know too much about real estate to get them into these homes. 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 managed. to me. so when you need to just. anybody to think. the 3.

guys are just at the c.v.s. bar. take a sip. let's not. get into the take as long as he. was going. to do something. for. someone to stop it right here i just wanted you to see this piece 1st but i want to do something else into. a young man was poking a water hose missed

a pocket knife. why i want you to know that's him right there. right there. and it's $21.00. 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 being 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 got a $1000000.00 in restitution $100.10 less anybody you know anybody here to live 10000 less. can lead

a city to my resignation pay. well it. can't you're not allowed lisa 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 sphere. 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 new used labor has don't have this need to begin with. i mean why would they burn 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 aids black community employers so 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 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. gentrification i suppose on one hand is a good thing because it 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 and neighborhood 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. busy busy .

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 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 a completely monoculture. and what you see is a very efficient undertaking and there's 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.

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 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 in the needs that colin and all our places.

and in. the trail. the. so what

we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. 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 are skipping the climate change is the same threat right now alaska seems some of the fastest coastal erosion in the world we lost about 30 feet. 35 feet of ground in just about 3 months while we were measuring. is fast enough means the river is 35 closer to the power than was 4

i don't think were part of the 1st from. israel media a reflection of reality. in the world transformed. what will make you feel safe. isolation for 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 a maybe in the shallows. in the headlines this hour thousands of people flowed on to the streets of baghdad to mark the one year anniversary of washington's assassination of top general comes amid growing tensions around to avenge his death while the u.s. flies to teach bombers over the region and in the story shake the week here on our team the u.s. suffers a post-holiday coronavirus surge with cities like los angeles already out of intensive care beds. tells us it's not the only thing in short supply. we're stuck now we were running low on oxygen on supplies on you know all the respiratory drugs definitely bad definitely staff and argentina's president warns of a smear campaign.