tv Keiser Report RT May 13, 2021 5:30pm-6:00pm EDT
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just. play. from from. from. the from from. they never did that is a. high standard of living for a country. that's. a. kind of mind that never had a supply house right at a nationwide basis. maybe she an ebb and flow fight but you're not going to see the collapse because she when people talk about a bubble. if there is a bubble burst. i think that. i feel like.
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putting the. entire economy is in danger and that means life as most americans know it is about to change the senior people took a mortgage in the last 3 years they will assume this is a place that will eventually hire among people follow. them bernadino recently become the 3rd california save the file bankruptcy and not 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 trust but did you ever think that this word could become 50 percent of your business no never would have to live. yes i found
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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 just think were meeting it was a blur the time of my life well let me add some color because i remember the i'm sure. the blog was run into i don't want to talk about those tales. because of our connection to countrywide they started a lease they had just applied to be one of the agent not.
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december 2003 and this house sold for a 1000000 dollars 900 square feet right across the street from the freeway $1000000.00. so we call it retro order here vintage. oh lovely. if you. are watching this video and your realtor. 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 so. you want. to get fired. there's a lot of trust the market place on value could this be just
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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 and 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.
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everyone was going by the montra get in or you might get price down forever because up to that point no one had seen any previous downturn just wasn't in the can you larry and nobody. clinton realtor's ever really thought his party is never going to hand. i mean the thing about this is this is kind of based on bill i was the engineer and would design and layout build this stuff. i would work on these big development projects seize 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
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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 the developer would come in and build the road the developer paid all the cost 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 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.
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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 12000 our 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 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. places don't work they 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.
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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 in all of care and so we made it right i don't mean the middle east it's heartbreaking the midwest is heartbreaking and of all the places this is one of the last ones 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 i'm moving a little google street if you can. sell 6 trees that was. up after another yeah i know. i'm educated enough to to know that i shouldn't talk about some things because i i
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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 mix of people. and the other start to move in whether the other is someone of a different race or someone of a different social class i think except college is that there's a natural human tendency to a sense like 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 us for new break lads. what is either going to do to the never there for $40.00 you know this is a yeah this is an advantage if it's not a refrigerator mired there if. you've got
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a guy who. you know cream abdul-jabbar said the hyper problem we have 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 for whites too there's no racial loyalty there they're going to kick them to the curb. and 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 week you can no longer cash out the equity when you can no longer get the car loan for the new car your world changes and your
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experience changes in 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. you can create a social contract and make tons of promises. we now live in the day with its promises to you. that's not a master right thing. transcends left and right because neither side understands that people's money go back to what they thought were. it didn't work. hi folks joe name of here and if you're on medicare this is important you're now in
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i'm just term as governor of minnesota i was on the front lines against the political block strangles i'm not. i'm stealing their white washed war. i like it one lee hosts ask the question for the guests and then actually listens to the guests answer and then reacts to have it out so they folks dennis miller hear i've got a new show. baltimore is verizon and so many citizens are the way that is being read. this loses between 195-2000 bones in the last 100000 the federal jobs. so this out of the
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latest i do people feeling like they have control over the systems of the lines. that they. are. now up on a $3.00. 9. and i'm going to. pay more. to get a wall. when i want to buy my. wife my daughter. not only this money but they argue that. we will build together court coverage when we build it it will be ours for coming to a digital board at the heart of a new world headquarters for under armor an opportunity for all of all of. this to
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be good. tonight baltimore city council put the stamp of approval on the $660000000.00 for the forthcoming project the developer guaranteed the city affordable housing jobs in exchange for the investments are intended to have a mixed income diverse community their definition of affordable housing is affordable to families making about $70000.00 per year so we're saying is just can't build a community when people who are wealthy this curve or you know crack it. is not out of the discussion the told that if only it's going to villainize or gets a moment to those neighborhoods there's still inequality now all in favor. and here. remember you're creating structural disadvantage in our nafta american but we've
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created a structural advantage in our way to the desk where we are today. it was until i got older and start to understand in. politics i love you more and at the same time when i started getting really big and black history and about the things that america had done to us oh gosh out of step then a c.b.s. news desk tech where bouts we really recognize that a spouse right but we don't recognize. what we already know as putting people in environments where they don't have to. but this was. 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 thorax back at the children in
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a vision the police you know they're shooting wearables and they deploy 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 cause and sort of busy logical reaction in my body. it really was a. powerful political turning point because everybody when overdraft are few and everybody went into drawing themselves into activism and nonprofit work and voluntourism. so this is let's. talk about here so that's. as. you exercise is. part of this. on the recently from remote area to me that small section of
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a neighborhood is everything because it'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 it was known as a stand. my little stand you know. it's only thing for the last 2 digits of your. song is really. you know to be connected to a neighborhood. but people outside of street don't understand 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 it all into a band street do it's really the only industry that we run or we think we were going to say so from your kids go up on a bunny you name what is your name what kind of name you want to leave your children. as a for that's the name of allah for me i could go anywhere i want to is bottom line i have a problem because all my followers but because i'm not astri do and but i still
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carry those morals i've got to leave my side. i'm about black in a city and it's going to be. it's going to blow up i'm trying to tell you i have a lot of people just by giving them places to stay and don't want to know how to do use these hands. i know too much about real estate to get them into these homes will be my legacy as. it was early seventy's when he started but. it's a bill to think we. have seen so much. anyways you see. from when i was going to name something that's kind of neighborhood to me and it's dangerous and you meet isn't going to speak and it would be violent and then other people you know said they need me to get again. people who've been here
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21 with no. 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 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 is a person a 1000000 got a $1000000.00 in restitution $100.00 and that's $10000.00 less anybody you know anybody here to live $10000.00 less. can lead a city to my resignation. well if you can't you're not allowed to listen he said it's sort of presentation to. these additional was they don't make the news these are the differences that make. people like myself turn off and everybody just self
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. you know what i mean because everybody has a shit. 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 news labor has don't have in this mood to begin with. me why would they burn down their own community i mean it really isn't a community that they've been able to have ownership is. don't push me cause close to the black community employers so that it and i think that is sort of why we see some 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
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a police officer. and it was all bricked up all the windows to doors. choice property now the. gentrified you know gentrification i suppose on one hand is a good thing for sure cleans up the neighborhood it makes it nice but my heart goes out to the people who once lived here who got moved down the cost of where 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. 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
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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 if. you compare that to say a cornfield. you have one species of plant a complete monoculture. and what you see is a very efficient undertaking a truce a lot of corn in a very small space but you surely don't have the complexity and the ability to thrive then i read forced. 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
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dish no charge give car shield a call today the 4th 2 may remember cost will cause protect yourself now against expensive auto repair bills call 805893761. i'm holland cook i invite you to climb with me above the main stream media empire and from that higher fan teach to glimpse the big picture question more you guys i made up professionally powerpoint to show you how artsy america fits into the greater media landscape is not laughter i'm all right we are a song. an alternative to the we don't you liberal or conservative and as you can see this bar graph we don't skew the facts either the talking head lefties talking at righties oh there you go. again world is in the spotlight very hard for the
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likes of classifiers and actually took me way more time than i care to admit. politics is a nasty industry and that goes for everything from your local elected office all the way up to the white house but what happens when your family continues to still have to deal with the fallout of their political involvement he went after the candidate has already left office straight ahead we talk about the current investigation into rudy giuliani as well as how by to mr a sion is doing now sports also has a new bill that state legislatures are trying to push through it would require the playing of the national anthem at all taxpayer funded venues so is this mandatory patriotism and what does it say about a country where the playing of the national anthem has to be an actual law we're going to discuss and speaking of patriotism.
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