one now. so you should be seen in here and a whole lot more than you're saying if you don't take that advice easy going to dig yourself whole leg. united states economy it never did that. i a standard of living for a country of. 'd 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 go into a bubble. if there is a bubble. that. people like. that.

lose. her entire income 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 redemption among people follow. them bernardino recently come to 3rd california say the filed bankruptcy and i don't like the homeowner who can pull away from a mortgage that's more than the house is worth a municipality. lease . 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. it yes i found a flaw in the model. our world your ideology was not right the.

jar opener everyone needs one of those. yes not. the team. from the living room. i was 18 counting the counter. he count there's 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 out of. december 2006 is helpful for. 900 square feet right across the

street from the freeway. so we call that retro water heater a vintage. lovely. you. are watching this video and your realtor. i represented the buyer when they paid a 1000000. i want to put you in my tie down and. you don't deserve to be licensed december 2006. i 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 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.

it 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. i mean the thing about this is this is kind of based on bill 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 or near run some larger math problems. for example developer would come in and 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 how long is going to take them to me to get the money they just spent. the answer 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 accidentally.

we're like way out here. you can look at the run up to the housing crash as a prime example everybody felt like we're doing ok because you know yeah i made 12000 dollars housing payments but 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 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 that live 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. 6 tree that was. in the same 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 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 trapped for white people their mechanics say is you go to i didn't they did out us for new break lads. what is the other. thing for $40.00 you don't think that this was an advantage if it's not a refrigerator market. if. you got a guy who. 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 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 and how are you going to get your message. when even the commission back here and nobody else can meet colony to. keep. 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 laughter right thing. kind of transcends left and right because neither side understands that they both want to go back to what they thought were. good didn't work. l. look forward to talking to you all that technology should work for people. i robot must obey the orders given it by human beings except where such orders would

conflict with the 1st law show your identification for should be very careful about artificial intelligence at the point obesity is too great trusts ever other than sheer. plate take on various shots and with artificial intelligence will something that the. robot must protect its own existence is a mix of. the world is driven by shaped by those.

no dares thinks. we dare to ask. humanity has never seen such strange natural phenomena befall giant coming to us appearing in the young mt peninsula. one off or another. but never the typical forgotten youth of us to stick it to you but you know whom does love with those of us that you want to hear. this one appeared in 2020. how often and where will new crisis appear as a discussion of the ask how dangerous are they for human the slum only it is different though i know that in 2021 russian scientists came quite close to working out what's going on. they built a full scale 3 d. model of the black hole.

baltimore. many students who move the way that is being read. between 195-2000 baltimore lost 100000 1000000 veterans. so this out of the negatives they do people feeling like they have control over the necessities of their lines. and my. car. out. on a street all. night. and i find. that people are getting. a lot of. play on. not only this they are your boat was.

we will build together port coming to when we build it it will be out. 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 their definition of. build a community with people who. is not. only

. neighborhoods. created strong. but we creating structure to teach in our way. where we are today. and start to understand. more. of. this particular votes we readily recognize that is right but we don't recognize were slow. to recognize leading. people in environments

where they don't have. a desk. in baltimore city. 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 tear gas 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 political turning point because everybody when overdraft or food everybody went into throwing themselves into activism and nonprofit work and voluntourism. so this is let's.

talk about here so that's i'll ask. the president you think he's like to be with the wrong party. if. you go back i'm originally from gram out the green 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're 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. 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 a legacy. you. really know where we come from we don't know our families so. you

put your all into band st do it's really the only industry that we run we think we were going to say so for the kids grow up under your name what is your name what kind of name you want to leave for your children. for that's the name of allah for me i could go anywhere i want to is bottom line i have a problem because of my followers but because i'm not history do but i still carry those morals 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 what i know how to do. i know too much about real estate to get them into these homes. as. it was. when he started.

we. have seen so much you. see. when i was young man coming to see me and it's dangerous. and. you know. people who. have been mentally beaten up and it's so much that. you got to be managed. to me. so when you need to display your anger. anybody could think.

now you guys are just at the c.v.s. bar. take this and. let's not. even go. it's going to be. with.

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 him right there. right there. and it 21 we know this 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 compass 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 difference is they make. people like myself turn off from everybody. you know what i mean because everybody has a shoe. when people make the claim of you know why would people burn in 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. we why would they 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 it 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 doors. 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 where those poor people go you know they were forced out it enabled by their homes are gone. if we as a country don't pay attention to. to 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 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 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. 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 and the needs that colin and all the places.

i. join me every thursday on the alex salmond show and i'll be speaking to guest on the world of politics sport that's less i'm show business i'll see you than. is your media a reflection of reality. in

a world transformed. what will make you feel safe. high salacious community. are you going the right way or are you being so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. in the shallows. during the trump administration the us agreed to leave afghanistan by may 1st the

bide ministration is wavering over this commitment they claim the conditions on the ground are not favorable for which all this begs the question what can be done now that has not been tried for the past 20 years. president putin receives a russian made vaccine against covert 19 the kremlin says he is in good spirits and is ready to get back to work. the israeli prime minister is at party is holding its lead in the country's the 4th election in 2 years with benjamin netanyahu possibly on the cusp of a reelection despite currently standing trial corruption charges. and germany imposes yet another cold lockdown after a surge in infections while the health minister is caught up in a scandal over a lucrative facemask supply deal.