stagnant. the government has to determine which zones as it went to ensure and which those is it not going to insure and it does that based on the racial makeup of neighborhoods . neighborhoods that had a certain number of black residents what have literally grabbed lines trying to round them on the map. and they wouldn't insure mortgages in those areas because they believed that the property is would not hold value the claims going on along the. banks take up that same practice they said they're not going to lend in those areas that meant that all these benefits that were flowing to potential homeowners were flowing to whites and not only to minorities. element of racism into our homeownership culture. their problem each other problem is made

most of them up and why don't we have all been don't know that we did are probably going to wait but they're living 2 doors away so we passed the law in 1968 fair housing act it proclaims that fair housing and. all human beings is not a part of the american way of life. is given to masses provided discrimination actually affirmatively go out and say how do we do. it so the government betrays that. i find as i travel across the country that. we're talking about white americans or people who may be robot and other minority groups like the mexican americans or.

just like the black americans what everybody wants is an equal chance to have a piece of the action that the federal government has never enforced the fair housing act and that state and local governments do not enforce the very. beginning you know you have federal policy but it's the local administration of these policies that are off them in the black people receive discriminatory treatment hello my name is out on washington and i don't call them out in a pub in a posh street in front of their own. hello my name is graham wellington and i'm calling about the apartment around on park street from available. relay so what does this mean it means that the places that were segregated in the thirty's forty's and fifty's they're still racially segregated today because we haven't done anything to undo the racial segregation. i now live in council day is over 95 percent white very few minority families living there. then fix the damage that

was done we just allowed all those inequalities to continue that said from this day forward we can't discriminate and sell it and fix it all these policies and practices these systems. are a government state government local government pass and then they converge to sort of create concentrated poverty by the time we reach the fifty's and sixty's so that creates a situation where many urban areas you have like what george clooney will call you know chocolate cities in the little suburbs. the city they still call it the white house but that's a temporary condition. there's a lot of the city. we've got to get some i don't need to get. working on. a unit because then you will be it's yours.

interesting to tell you. there is no gram a promise that a president can bake think that the government's going to come in. and do this. thing. the condition of black veterans and life veterans diverged even though when they returned from the war they were economically similar families. public housing then became a black phenomena. people fall into this category they have to know where society is. it. is. in nature. and people constantly.

cities to adequately service neighborhoods that were heavily concentrated with african-americans garbage collection wasn't picked up as frequently the streets were repair those well conditions deteriorated the urban areas became slums. you know i would like to rub america's nose in this and say you're going to get it you want to reject it or not but i certainly would it would hate to think that anybody thought i said they were giving up hope what i'm really saying is the society has failed the hope of the people who live you know a struggle you know that's what i'm really saying they're going to go on struggling anyway whether we fail or succeed. at the same time you have concentration you also have clearance you have how a construction which is destroying black communities i would use oftentimes in urban areas a built did in the middle of black communities so there's a sort of rising anger frustration that sense plays. well once it became slums.

sardi's look at them so well we need to do some song clearance.

where all those black people and all those loci is where they go when end up rooting out neighborhood beer day they are messing with our unity it takes 10 years to really reach israel they know what to do in a systematic genocide. systematic as well as african american families who are displaced had to move somewhere so those families are given section 8 housing vouchers the idea behind section 8 is fabulous it's exactly what one would hope is that people who are impoverished have an opportunity to move into neighborhoods that are not impoverished unfortunately for black americans it doesn't work that

way. a large reason for that is you can still legally discriminate against someone for using a section 8 voucher so landlords and most suburbs would not accept section 8 housing factors and that's perfectly legal. white homeowners deathly afraid of a black person movie makes them because blackness is associated with lower home values we share your presence in the neighborhood c c can undermine the value of our homes and we're concerned we're going to get a move out before it becomes common knowledge that there's a family in the area. it's nothing personal all it never really is it was terse you know but i feel real that we grew up in philadelphia actually originally and we were in an all black neighborhood in my life change when we moved to south jersey not far from some of the levittown type of neighborhoods and when we came in the police had to come in with us because people were throwing things at our house and terrorizing our house at night. we moved there

because we wanted a place that was integrated and we just wanted to raise our standard of living and it was the strength of my parents that said this is where we're going to be. do you think really moving here will affect the community as a whole. definitely in what way i can get all the property values what i mean to go down if they're allowed to move in here and any number do you think them are 11. i don't think i'm irish. property. and i think a purely white problem not a rap. well as a result of all these policies we created a segregated system and because we forgotten now this entire history of how it happened. white families believe that they got where they are simply by their own

hard work and determination to succeed in the middle class life. but they don't understand. is that their parents could have came as an immigrant from a white country and immediately had access to loans and the ability to move into white neighborhoods that black americans whose families had been citizens for generations could not. and sell it's not saying that their families didn't work hard but it is saying that their families benefit from a great deal of affirmative action to get where they are little white americans don't see what it's like to live in these communities. and so because of that they are unable to connect with what it is like to be in these areas that have been deprived of every type of opportunity. now how do these communities get seem to go for decades in these festering situations. in segregated communities that have been completely abandoned. and sending we see them only when they burn something up

to the lead. to. even look at me. to look at it is. very.

bad luck. if we're to do something about the day that faces no. it shouldn't be that hard to understand why that becomes kind of the ultimate outcry because the only way that these committees become visible to most americans . 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. for a mate in the shallows. america's had a long and contentious history with the word socialism for conservatives most often it is a dirty word even unpatriotic for many liberals it's about social justice and compassion however for better or worse it remains a red line within the elect. no one has ever cruised around the globe in an inflatable catamaran before. dealy stuff. just gives it but. it is such a cruise you need a solid crew people you can share folks whole with so to speak.

you can do with very little sleep on a sun crosswalk. who is not the mother you will be the limit for the most if you're asking that you love him enough my food to get get the fruit with such a good little grooming what do you need for secret stuff we've got the one the free go to unity oh no. i don't think. we're going to be going to i don't know. where is that on your part because when you get him we're going to see on. the break we're going to get people . who are my little people so we're just

a platter of mental. and you want to hear from. john on interrogating. people in. 1956 when i came out here to farms i was 5 years old when i came here in 149 i came from the south bronx and father foresaw the future in that area he says that get the hell outta here and we did he had a very outstanding career with the police department and they took him out of the south bronx for the benefit of the community now when i 1st became a policeman i was in a riot squad and a riot or any type of demonstration it was in the city i went to it. mostly irish cops on the job and they were nasty in there tell you to move and you move you got to stick i mean there was and even you didn't disobey protest when you want.

to protest but you see guys. putting holes in the ocean is so they can put out fires and that's just to businesses but to people. you have a like a protest but you don't have a right to do that. are you sick and tired of looking for yes when nothing. out of when you out to achieve financial freedom it's pretty easy to do if you just fall in my system. it's so easy to make money and i'm playing again that by age 25. and i'm going to do many more like this for millions of dollars. 30 days. one. you can do it when you wait for that one that is right over here. now is the time to buy

a home now is the time to buy. and at church. oh. good for mom. if you could from. seriously try to be a little less crazy. he has a. regional please. pretty please . thank you. thank you. a little bit about our organization strong towns are ization is now evolves into

a national movement of people trying to reconfigure their communities to be more financially sound. post world war 2 america the financing mechanisms of it act very much like a ponzi scheme you had this immediate sugar high with this. long term liability kind of hanging out there in the future and the last generation standings the one that's going to pick up the bill. we prayed on our fellow americans just so we could keep the growth going and nobody stopped to consider the impact that this was going to have on real people and real families. i was bird dog. finding foreclosures for other investors. i just saw that the jordy of wealth created in the united states was through real estate so i was determined to follow that track it was so much fun at the heights

of when we were making money the company had season tickets to the lakers right behind the lakers bench. bryant's wife leonardo dicaprio literally right in front of us and when he used to date my son from there forget 15 years old right in front of hair is hanging over the back of her seat. in jeff goes dad and i go because he starts playing with hair oh my god. anyway i digress just a bit but. back in $9697.00 there's a new product that started to flood the market called a 125 percent loan to value and when i 1st started seeing that i said this is a recipe for disaster. homeowner with too many bills too many high interest monthly payments why not pay them with a 2nd mortgage up to 120 percent of the value or all less your 1st mortgage balance

they went after the payment as well they did they get a 50000 dollars 2nd for $500.00 a month go by that boat go buy that 2nd car. it wasn't a home improvement it was a signature along and you could do whatever you want i just thought it was an exceedingly irresponsible. as long product. i took advantage of him. taking taking someone come on. making. a set of eyes no no. the lenders got greedy and they figured ok we exhausted the $125.00 potential pool. let's go make it so super easy to get purchase money now if you were to ask me what the perfect credential is are to qualify for a home loan i honestly couldn't tell you may i help you sir. need a cancer on

a new home loan. stated income stated employment stated stated stated which means whatever the borrower says is factual is recently is 1997 you had a full 20 percent down and he had to struggle to save that kind of money if asked for 5 years and a busboy from a local coffee shop can buy the same house for nothing you have to verify your credit so the credit we don't have it if we can't pay cash we do without. what you say i could read the entire american economy anyway this country needs to know more than we can pay back. nor for the house or cars to stay standing it has to get bigger so the guy that's in the 3 better one and a half bath house is gonna move up to the floor better to bath house. to house a car just kept getting bigger and bigger and bigger and bigger and bigger and bigger and bigger and it's just all on sake valuations.

yeah at that point the home did absolutely become a vehicle for excess prices rising from the case shiller index i look at that out there and i say yes this looks good it's much better than expected you look at the number and say. nobody knows where home prices are going to do. people are increasingly speculative when they buy a house a major concern is how much can i sell this to someone else at the other end it can be called the greater fool theory maybe i'm a fool the buys it's a big house but i'm going to. to an even greater fool. there were people who thought 50 or 100 years ago that home prices should decline with. the reason is they wear out.

don't expect it to gain the expected to lose value that was a common view in the past for so long we have come as a society to place a tremendous amount of value on the home itself. and the bigger the home the better . it's interesting because living in the houses were meant to evolve and change as families evolved and changed over time. the idea was that this home would be liveable all your life you could have one bedroom or 3 bedrooms depending on what your needs were at the time and this area was an extension of the living room or it could be closed off and become a bed for the sake of clothes here goes i was going to be closed

here. when i enter. the hall. so i had to get out from the. bedroom hallway you know where all the entrances are to the bedrooms so it could be either one bedroom or 3 bedroom right now we create that one bedroom here and there a are one bedroom that could be partitioned with a rolling wall so it will become 2 bedrooms. there was an extension of the dynamic coming out of post-war idea of what the house provided wasn't really about the upscale to the supersizing of the how those can so that relationship between the group. of the physical house was still somehow in balance subsequently people began to make the scale shift where the houses became just warraich. i'm in love with this. hope in

a fight because. i don't think it is. the dining room with me. something a 5000 square feet long one staircase they're going to feels like a staircase something. you like to marry and track. this to see if. it's really more suited for grandma she doesn't really want to have a detached unit. think it means 12 foot ceilings own mcmansion they're going the way the dodo bird the people want to buy what they need and they don't want any extra and this has so much square footage of wasted space the only

name i get away with one more sale but in the years to come it's going to be tougher and tougher. on there. there's just tremendous economic dependence on this idea that we can keep building new single family homes on their own lots and that they have to keep marching across the landscape because it's a huge part of the economy depends on its health and well being. don't take. yes so our property line is just basically the white picket fence all the way around. back up to there. so we're going to. our garden over here and a chicken coop over there gigi's a grand champion. much.

so this whole. industry of easy quick money for property did not end at the retail borrower. the developers were exposed to these funds. so these companies were going in and buying up swaths of land from these farmers at ridiculous prices just given them enough money for their great grandchildren to retire and it was just so hard to say no. and that's where you see all of the citrus farms in the inland empire die. in of course the cities were the lovely beaches the tax basis on real property with a house on it is far higher than firmly. the cities were seeing their tax base can topple literally overnight.

and the developments stopped. seem wrong. to me. yet to shake out this thing because that's ok and it gains from an equal to the trail. when something find themselves worlds apart. just to look for common ground. if you will work for the team for both of us with a chance. to grow the idea of

a major overhaul social slawson just took you into it so all the. bush 93 days that i didn't know was listening because i had the mind. pleasurable fishmonger the bill i'm wondering should that it is that the. rest of us were simply she. wants this issue will. go off which. is what the story could be it. gets us to much of what you mean yes. as they should but they should be when you get a. decent year she comes through some reason of course she has a mistress. watching

all teens and national in the headlines this hour it is a day of mourning in the russian republic of tatarstan after its capital because it was left reeling from a devastating school shooting that killed at least 9 people including 7 children and the more than 20 others injured. a man with a gun ran into the classroom and started shooting people sort of teacher covered in blood getting pulled out of school who were seeking implants their alarm went off and there was a message on the loudspeaker telling us to shut the doors and not leave the classrooms. incident has prompted a major review of the current gun ownership legislation by the russian government says the suspect turned out to be a 19 year old former student of the school who was licensed to own a pump action shotgun psychiatric assessed.