ah, ah, i use i united states economy have never been better shape. we have created a higher standard of living or a country with. ready an terrific time divine. we've never had a defiant house crisis at a nationwide basis. may see and evan, with a price for you're not going to see the collapse when people talk about it. if there is a bubble, as they call it,

i hope that happened because people like me. i knew, you know, i, i retire economy is in danger and that means life is most americans. no one is about to change. 40000000 people took a mortgage in the last 3 years. they moved. this is not really higher among people down bernardino recently became the 3rd california state about bankruptcy. and unlike a homeowner, we can walk away from the mortgage. but more than the humphreys were a municipality, ah, if you come back to this property, if considered trip, did you ever think that this one could become 50 percent of your business?

no, never whatever. i guess i found in the model . how the world works. your ideology is not right, so i know i the jar opener when he's one of those 10 by 17 for the living room,

i was 18 counting the counter c count this to figure i've been doing real estate with him since natalie was to. so that's 16 years after the l. a times article in the nightline piece. all that i remember us being just completely crazy busy. i mean as, as great as it was, it was such a blur. it was a blurred. yeah. you think when i said blurred, you things that i don't know all the details. i'm just saying blur, meaning it was a blurred time of my life. well, let me add some color because i remember i'm sure you do. the blog was running. i want to talk about because of our connection to countrywide. they started the lease,

they had a supply to be one of the agents. how much the number 2006 this out for for 1900100 square feet. right across the street from the freeway 1000000. so we call a retro water heater vintage. a lot of late fee. you are watching this video and you're a realtor and you're jumping off the cast and wait a minute. i represent the buyer. when they paid a 1000000, i want you to put your my tied down and go grabbing a single senate in the area right now. you don't deserve to be licensed december 2006. the name dollars. everyone who is on that deal is there to get fired. i'm jim the realtor. there's

a lot of trust market place on value. could this be just a value bible 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 an some valid concern about valuation 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 pick up. the other people were crazy. they were hoping to get $2000000.00 for these up here. you can see the bill. i think a handful of them and gave up,

and those are $5.60 square foot hours. everyone was gone by launcher. 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 vocabulary. and nobody clinton, realtors ever really fighting parties never going to hand me . i mean, the thing about this is, this is kind of, i used to build. i was the engineer who would design and layout and build this stuff. i would work on these big development projects. these 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 them 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, and run some larger math problems. for example, the 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 to $54000.00 to fix that road. we asked the question, okay, based on the taxes, fees collecting from these people? how long is going to take them to recoup the money they just spent? answer 79 years. as an engineer, i knew that road wasn't gonna 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 are we at today? we're 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, okay? 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. you're essentially skirting around the court problem, which is that the underlying economy does not work. in 2000 we had 1100 census tracts in this country that you can classify as persistent poverty. in 2010, it went from 1100 census tracks to 3300 census tracks. 3 times the american geography is now in persist a poverty. our places don't work, they're just designed to decline. if you don't know what was last,

you don't look at the place and see like, this is a decline. 143. if you're 10 years, 20 years, 30 years older than me, you see it 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 an olive garden, so we've made it right. i don't know. i'm in the middle. it's hard breaking the midwest is heartbreaking. like i'm all the places. this is like 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 to like, i looked at it and i'm like, i, i want to help this place. i want to make it. i'm moving a little google street if you guy. yeah. south 6th street. yeah. that was. that's 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 race things because i realized 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 piece means like the others start to move in. whether the other is someone of a different race or someone to be different social class. i think it's, the colleges said there's a natural human tendency to a sense, like circle the wagons. and what zoning did is it gave like this really wonderful tool to be able to write in it more camouflage, kind of raise this way. we don't want those people here. i think the irony today is that it's also now trapped, poor white people, the mechanic. they as you owe $250.00 for new brake lines. does what does human are going to do to member who fix anything for $40.00? why don't they don't?

yeah, i'm not seeing a gym and, and fixing my refrigerator, my air conditioner and my got a guy. all right. the prima ga bar 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 to there's no racial loyalty there. they're going to kick them to the curb. i have been able to, to travel around the country and 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 which you can no longer cash up in equity when you can no

longer get the car loan for the new car, your world changes and your experience changes in america becomes like a really cruel place. ah, we're starting to see more and more that is a mainstream experience. how are you going to get your message when even the enzyme here and nobody meeting or you know, the whole, you can create a social contract and make tons of promises. we now live in the day when this promises are coming due 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 i

use driven by shaped by those in me dares thing. we dare to ask in

a military mission against a we'll conclude on august 31st. ah, what sounds good to us, all the quote unquote a young girl. people and i really need proof for my you got to do something that comes to the southern the cut over there with a little more. if i think that i'm on the plate not to get a quote from the la show minutes. this was the right weapon against the right hon bought it from but it was filled out through z o o z the, the signing of the us to all about agreement and laid the groundwork for the road ahead toward a lasting peace in afghanistan. and i know we still need that done by and does he

the baltimore is very similar to many cities in terms of the, the way that has been read the post industrialization between 1950 in 2000 baltimore last 100000 manufacturing jobs. so that had a negative effect on people feeling like they have control over the necessities of their lives. they weren't around one on a 3 night. it's been

getting ready for the fight. banish college. why any be going to be a rainbow? not only this community we will build together or come in when we build it. it will be our covington, digital, baltimore, at the heart of this, a new world headquarters for under armor, an opportunity for all the baltimore dig more and i was one city council put the stamp of approval on the $660000000.00 for the fort coming to project the developer guarantee, the city affordable housing jobs and exchange for the investments are intended to have a mixed income, diverse community. their definition of affordable housing is affordable to families and making about $70000.00 per year. so we're saying is ship can't build

a community where people who are wealthy snarkiness is not helpful to discuss. but if only gets a moment to the neighborhood is still in equality, no, not in favor. any oppose. remember we are creating a structural disadvantage in our nasty degree, but we've creating structural advantage in our way. and that's where we are today. it wasn't till i got older and started understanding politics a lower more. and at the same time, i started getting real big into black history about the things that america had done to us that makes the news that spectacular about we readily recognize that

balance. right? but we don't recognize, read learning as slomo. we don't recognize putting people in environments where they don't have harbor but that's what's going on in baltimore. i was sitting here at my desk watching the police and the children interact on the day of april 23rd, 2015. and the children were born rocks, the police door rocks back at the children, and eventually the police, you know, they're shooting rubber bullets and they deploy tear gas. and at the moment they deploy that tear gas, i'm sitting here and i'm i, i feel like this weight come right on my chest. and i might, i can't breathe. can watch them anymore because i knew it was causing some sort of busy a logical reaction. in my body, it really was the powerful global turning point because everybody went overdraft

after that everybody went into throwing themselves into activism and nonprofit work and on tourism. so we'll talk about here. so what is home in naval would be you can find that out. the least likely within the run around your partner. i'm originally from grandma grandma area to me that law section of the neighborhood is everything that was a certain level pains you've got to go through to be really from baltimore. and when you really from a neighborhood that has a mutation you get was known as a step. i have my little that, you know, the only thing it sands for the last 2 digits of your, or your call. so it's really big, you know, to be connected to

a neighborhood where 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 when you decide that your street, do you put your all into band st? do is really the only industry that we run. oh, we think we weren't going to go from near your kids, go up to up under your name. what is your name? what kind of ne, you want to leave your children? that's a, that's the name of father left for me. i go anywhere i want to use bottom one. i have a problem because my father was but because i'm not a st. do. and that's what i feel okay, those laurels. i gotta leave my son. i'm a block in the city and it's going to be it's going to be a new block. i'm trying to tell you. my help a lot of people just by giving them places to stay and know what i know how to do use it. i know too much of my real estate to not get them into these homes. that's

gonna be my legacy. is going to be my lazy it was really, we need started to put money into it and said it was billed to back in shouldn't april, which he did. i've seen so much a lot changed from when i was younger to now coming neighborhoods are dangerous and it is african american read inch and the route and then obviously the neighborhood people who've been here and have been mentally beaten up anti life is so much that you've got to be mad at that feeling of hopelessness in me kind of manifested itself into hate. so when you get the opportunity to display your anger and has been picked up, have as, as it goes, way beyond anybody could paint who the

guys are just at the cbs far ours. who's the go as far as

the job to the embers of the authorities. to act, they turn out the fire. so i'm going to stop it right here. i just wanted you to see this piece 1st, but i want to do something else and into. it's not a young man. was poking waterhouse with the pocket knife. why i want you to know that's him right there. right. damn. the 21. with no price. i spent 2 is fighting 25. and he was trying to give me more time than i've been on earth. it was scary, but it was eerily familiar because it felt like no matter what i can't was in my life being the 1st person to go to college graduate school. i felt like i was told to be there. it's kinda hard for you to take this stuff that we see here and

translate it into the humanity other as a person, a 1000000. got a $1000000.00 and restitution. $100.00 in latin. it's $10000.00 less. anyway, no, anybody to live 10000 us. can't leave the city to restitution pay. well, we can't, you know, loudly you city to presentation pay. these are the struggles they don't make the news. these are the differences. they make people like myself turn off from everybody yourself. you know what i mean? because everybody else, asian, ah, when people make the claim of you know, why would people bring down their own neighborhood? i think it's sort of glib statement to sort of gloss over the fact that many neighborhoods don't have investment to begin with. why was they burned down the old

community? i mean, it really isn't a community that they been able to have ownership in don't push me, come close, keep the black community been push to it. and i think that is sort of why we see some uprising. we see no, yeah, he may begin to understand that black lives matter, but black lives, don't matter. black neighborhoods don't matter. oh, i came back here subsequently when i was a police officer and it was all bricked up all the windows to dois choice property. now the areas, gentrified, gentrification, i suppose on one hand is a good thing cuz you're 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 does 4 people go for saturday and neighborhood homes are gone. we of the country don't pay attention to the places where people lose the home. the people will continue to go in circles and that really get to the real problem. busy ok mm. 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 under story, all the animals, every leaf has its own individual ecosystem. when you add up all that you have this massive, massive complexity 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 lot of corn and

a very small space. but you certainly don't have the complexity and the ability to thrive that a rate for ah, what we did is we switch cities from being complex systems. i, if you look back in history and the way humans evolve along with the city. and what you see is that messing 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. ah, this pattern of development has allowed us to be intentionally ignorant of pain and the hurt and the needs that go along in all my places.

i ah, ah, ah ah, ah, ah ah ah

ah me. let's take a trip down memory lane through the history books, talk about geo politics as it was a 100 years ago, 150 years ago from some big brain sewer looking at the big map and how that's relevant today. the the, the,

the the in a way can tell about shock takeover of of ghana. so the white house says he didn't evacuate people earlier to try and avoid a complete crisis of confidence in the afghan government. but now it admits that it's related response fell to stop that from happening anyway. and now the you and food agency warning today of shortages enough got to stand within weeks. the organizations, a chief for the country telling us of a looming humanitarian catastrophe. needs are enormous new also the population are most important seen right now to provide funds so the weekend for wind partial systems to the people from the.