tv Boom Bust RT May 12, 2021 11:30pm-12:01am EDT
11:30 pm
stretching is a moment that you eat this world more and more understand that you don't owe anything. you are nothing you know some have is in this world catastrophic you got to have a place that you can go to. and say this is mine about it was going on. and it means so much to me is everything to me. from about myself that's in the savor. so peaceful you know how to be walk around i'm on the way i'm going to for every kid at some apple juice is going out on the porch and smoke a cigarette. you know is find a reason to snap out of it. so you can only be aging so long. it's not fun and you leave and go home and. in fact i wouldn't call it trenches.
11:31 pm
from the thirty's onward every single president has spoken of homeownership almost as the basis of citizenship your ability to own a home kind of makes us citizen the most tangible cornerstone that lies at the heart of the american dream and that's the chance to own your own home those of us who've been given positions of responsibility must do everything we can to spotlight the dream to make sure that dream shines in all neighborhoods. across the country i say to millions of young working couples by the time your children are ready to start the 1st grade we want you to be able to come home because in order to be secure in their lives. people need to. make.
11:32 pm
11:33 pm
and we forgot about the boat and all the other trouble the financing and everything else. and here we are right back at it frenzied up 51015 buyers for every house like none of that ever happened. it was the $800.00 video. i documented the real estate market on you tube i got almost 1500 u t was. going to give people a really good sense of what's out. i mean sure all of this that today that house sold for 1.6. 1 point one i'm just going really 0. point 4. 5. i don't know to see. what's going to work. i don't know what the heck it is the dolls. pull in the
11:34 pm
front yard. slightly unfinished. firepit. why is stealing the trim to get me all the other appliances all still want. what could have been so nice about those pillars that they had to steal this i'm not sure. there's. 15 houses on this street. i think it was. at least 8 of them had loans way over me well if you're sitting on a 1.2 or 1.4 loans and you see houses listed for. 585 they can make you feel about. making that next payment. so what we saw in 2008 was the unwinding of the housing finance system what most people understand as a financial crisis or
11:35 pm
a problem of our housing stock actually is on wanted to get a social contract that was built in the 1940 s. . and so understanding that and how the american home was the basis of how we organize the economy and how we organize social stability is an important part of understanding why we are where we are now. it's time for the next neighbor. i don't. know thank you used to be. many years ago. on all of this with. the. one i did with the current one born here many years ago and he used to be an. issue around here someplace where you know we would
11:36 pm
have been. converted. or. that used to be a tiny tiny. let me just check up a little bit. of the punching on my new facial. when i was 6 months old we moved from little italy in manhattan. there was a housing project one night my uncle frank rizzo with his wife and. kids came down to. the baths and gulch. steaks on the way to fight a bunch of black guys and they walked past us and my uncle frank said to my father get this kid get a matter of this neighborhood and move. and it was not that long after that that we
11:38 pm
want 30. $3000.00 here a good deal. every town is not a rich neighborhood as you can see but what i love about this town is. it is what i consider to be the backbone of america. now go fight wars and people like us who broke. down the 1st community. in. nation no but everybody thought it was going to fail because he built 10000 pound it is like that. coming out of the 2nd world war the idea of mass production became something that was truly
11:39 pm
a reality they. look. all new world. the idea that came to a man named bill levitt what this wind up mass produced the elements that go to make up our house just as the auto industry does with the parts that go into a new car. when i was living there it was at a very particular moment and that was coming out of post-war trajectory and that created the need for that type of housing. retraining seattle you can house friends little as a $100.00 down and at $99.00 a month and that was primarily because the federal government and was ensuring your market so. you had the g.i. bill intruding construction of new homes so the whole idea is your government wants you to have a home so this was an easy way to sort of jumpstart the housing industry and make
11:40 pm
homeownership possible without those subsidies lower middle class families we've never been able to afford to massive movements into the suburbs that we saw in the late ninety's you for these 950 s. and the like you sixty's. i was a police officer in the national county and we were a swat team as well. who are going to say you know to story about sticking your tongue on a flagpole. in the middle of the winter i did try to get. right on that for. sure you got i guess. if you couldn't afford to. put a down payment piece. that they would let you let them. what the options are by the viewership to. buy from government funded rabbit hole bed and be proud to own the building firm in the world for all of their going off
11:41 pm
a lot of doing we had to write well absolutely not everything had to be don't want if you go back to william levitt he said no man who owns his own home and lot can be a communist because he has too much to do. this was a fundamental part of how our political leadership and our country at large understood the bargain you get a home right i mean after work there are 30 or jobs that go along with it that match the 30 year mortgage and then you know rebel right as the things you don't revolt if you have a stake in the system. oh yeah oh. please . go buy. take a live news anywhere you go plus an elegantly curated online video library with
11:42 pm
a built in search engine it will sit right in your pocket it's free interactive just arctic texas stars will talk to. thousands of episodes to explore videos uploaded every hour so what are you waiting for a lot of stuff that. our culture is awash in lives dominated by streams of never ending electronic hallucinations that merge fiction until they are indistinguishable we have become the most deluded society on politics as a species of endless and needless to little computer politicians have more than just celebrity are 2 ruling parties are in reality one party to corporate and those who attempt to function this vast breathless universe of fake news designed to push
11:43 pm
11:44 pm
you know who then who doesn't report on one of the most unusual diplomatic events in recent history was that's said the kitchen fates are the most famous snowmass in the history of pasteur has seen. a space a kleenex and saying to chris shove that the strength of the american economy is the postwar home and the ability of americans to purchase consumer durables to fellow colette's compete i. asked him that will give the people or good will be a better system and this one particular moment nixon was right. this was the strength and the american economy. i can remember even as a kid looking at house magazines and seeing the incredible visions
11:45 pm
11:47 pm
the only thing that never did that would be the 1st one to admit to. no black shalott. and black. and that. is just. some fighting alongside a black man willing to die for his country. if you can't buy a house next to me and live again. and then i don't make any sense. now we're looking for a place. where we like. no other city. and we understood that it was going to be all right we're very happy to .
11:48 pm
11:49 pm
a connection to have a town that they both developed as post-war suburbs. i believe going in he built these houses he really built these houses for the veterans coming home from the war it was hard for him to get financing for these houses because they were so different the whole social part was i know his design. and. i shouldn't even said so don't i'm not even going to open oh he was a socialist and i think a lot of the people the mood in here well i'm going to get from this. my father is gregory a fairly well known california architect from the forty's and fifty's. so this is less. to say i just came into my house however and from an interesting unexpected
11:50 pm
visit to the basement drafting rooms that you know why i didn't have to tell of johnson's jewel that new canaan he is a real fascist intellectual. i started running through some old papers and then i came across this here 200 page 10200 page file that the f.b.i. kept on and then they were watching everything he did from the mid forty's to the mid fifty's. gregory believes that decent housing should be the right of everyone not just the privilege of very wealthy pay problem. achi 12 percent of the population is black should be a lot of black families living out here yeah this is only a beginning but i think it's wonderful well let's see how wonderful it is what i want to know winds come flying out of.
11:51 pm
germany notes. the neighborhood was supposed to be twice as large to play as was $400.00 homes and only $52.00 were built in the f.h.a. at the time didn't think that entered graded neighborhoods would. attractive to the general public and they're providing mortgage insurance and in their minds for that would bring down the value of the homes. you know most people in america the value of those homes and parents passing that on to their children that's made the biggest difference african-americans were left out of that. that inability to protests have paid and what created american middle class has
11:52 pm
11:53 pm
11:54 pm
every day brilliant people a decent car was allowed at night it was fun when i got back to the city. center somewhere for a week just to get a house together. i've lived in so many neighborhoods it doesn't allow you to gauge what is normal in. this neighborhood still pretty much the same. blood is out of a can we say go all behind him and from. almost like a treasure how are you going to have fun every day and if you are left before they got a big. you know a jam packed them for an oval some like they're. becoming didn't show it every day
11:55 pm
as it does now and you see. baltimore is a microcosm of many urban areas in america and it is like dickens would say the tale of 2 cities. you have great investments in certain parts of town and other and best looking like a ghost town. anyways is the ground 0 for racial apartheid in america is where racial zoning was. racially restrictive covenants were also created here. we have a myth in this country that the reason neighborhoods are segregated is because people like to live with one another who are of the same race or because african-americans have too little income to move into white neighborhoods or because this private prejudice that prevents african-americans from buying homes in
11:56 pm
white they run ads and that's all true but it's a tiny tiny part of the truth. there's intentionality with the capital decisions that were made around housing in the forty's and in the fifty's and i think people are loath to sleep thinking that certain things happen by default rather than by design you have the f.h.a. in the federal housing administration a veteran's administration they subsidize home building in the suburbs and then they say is racially exclusive it means white people can move out to these areas but black people. what is probably a surprise for a lot of people is that red lining is created by. the federal government. that's when the why bank is draw red lines around black areas and don't give up no grain.
11:57 pm
i'd like it when we host the question with yes and when i actually listens to the guests answer and then react to that as a false double stroller here i've got a new show. person stumbling on line algorithms dictate what you get to want to go to portable dock t.v. slash download to get killer television it's completely free i'm talking award winning comedy awesome sports coverage inside so fresh still tastes like raspberries on a spring day take so hot they'll burn your face off thousands of videos more added
11:58 pm
by the hour did i mention it's free it's it's your free go go get it portable t.v. . why in the world as i think this is a positive idea for the united states. well i think you will play exactly the role that a good journalist ought to know why this had to happen at this exact moment there's already so much instability within the middle east and this is probably just one of the many voices on television right now that have ties to those the benefit from going forward thanks.
11:59 pm
to our readouts reader turn on the t.v. on the about the world and what's happening around me i see shows on the screen speaking last every day because the big news narratives that a state these 2 may be cooling snuck little to no prisoners would harm half the plump reply a pretty good list of make you smile how flinty off that in this war but i found a network that old question sorry he's a great sound space civil strife climate change sample will be a cool simply lists all the mainstream wants to do was keep us quiet you watch the right you can't keep a silenced critical point seize hold perspective question inside directly if we don't take sides we walk the dog artsy america means real talk.
12:00 am
unverified video appears to show blasts in tel aviv as hamas admits to launching rockets at the city in response to previous israeli airstrikes. earlier an israeli airstrike destroyed a high rise building where a hamas run t.v. channel was located with the militant group launching a barrage of more than 100 rockets in response. to the police i mean fun been a trying. everything having stun grenades and they trying to get people to run away from.
21 Views
Uploaded by TV Archive on