of economy have never been better shape. we have created a higher standard of living or a country with an terrific time divine. we've never had a defiant house that a nationwide basis may see in every price where you're not going to see that collapse when people talk right above me. 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 endangered. and that means life is most americans know what is

about to change. 40000000 people took a mortgage in the last 3 years. they moved not really higher among people. san bernardino recently became the 3rd california state about bankruptcy. and unlike a homeowner, we can walk away from the mortgage, but more than the house is worth a municipality. hadn't ah 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 was in the model times of the world was your idea? ology was not right. 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 seek out 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 blur. 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 run and i want to talk about those until because of our connection to countrywide, they started the lease, they had a supply to be one of the agents. how much do this number 2006 this out for for a 1000000 900100 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 car saying, wait a minute, i represent the buyer. when they paid a 1000000, i want you to put your my tied down and go grab your shingle to senate in the area right now. you don't deserve to be license december 2006 1000000 dollar air one who was on that deal to 0 to get fired. i'm jim the realtor. there's a lot of trust marketplace 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 never really party is never going to hand me. i mean the thing about this is, this is 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 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 run some larger math problems. for example,

the developer would come in and build the road. the developer paid all the cost. people have been paying their taxes and the idea was they pay their taxes and then the government would fix this row. the cost was $1054000.00 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 going to hast 2025 years. this doesn't make any sense. the grow 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 dollar 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 tracts to 3300 census tracts. 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 last, 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. you see is coons. 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 me in the middle. it's hard breaking the midwest is heartbreaking. like i'm all the places. this is 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 want to help this place. i want to make sure i'm moving a little google street if you guy. yeah. dance south 6th street. yeah. that was. that's chandeliers. a man that's or they started when we were shop after another. yeah. i know i'm educated enough to to know that i shouldn't talk about 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 because there's a natural human tendency to it sets like circle the wagons and what zoning did is it gave like this really wonderful tool to be able to write in a 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. doug, what is human? are going to a new member who fix anything for $40.00. why not? they don't. yeah, not a gym and it fixed my refrigerator, my air conditioner and my the about i got a guy. all right, the cream georgia bar said the hyper problem we had today is less race than it is poverty. and i think he was 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 gonna 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 me. when you find that you can no longer get the mortgage which you can no longer cash up 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 body 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 those promises are coming due and that's not a laughter. our 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 the same. so what we've got to do is identify the threats that we have is crazy plantation.

let it be an arms race is often very dramatic. development only personally, i'm going to resist. i don't see how that strategy will be successful, very critical of time. time to sit down and talk to the families that mark sounds good. i just mark your function. you go with a good way to check that was sent to another. do domain. john i got i've got that limit and i wanted them off. you're gonna be like that you don't

for the last one above above me and baltimore is very similar to many cities in the way that has been read post digitalization 19 in 2000 baltimore laws, 100000 manufacturing jobs. so that's kind of a negative effect on people feeling like they have control over the necessities of their lives. they weren't around on a 3 night on

the getting just want to watch any be going to be available. not only did we will build together or come in when we build it. it will be out for coming to a more digital baltimore, at the heart of this, a new world headquarters for under armor in opportunity for all the bottom of the day. tonight, baltimore city council put the stamp of approval on the $660000000.00 for the board . coming to project the developer guarantee, 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 make about $70000.00 per year. so we're saying you can't build

a community with people who are wealthy snarkiness is not helpful to discuss. so, but if only you guys get to move into the neighborhood, it's still in equality. no, not in favor to be any oppose. remember we are creating a structural disadvantage in our american community, but we've created a 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 and about the things that america had done to us goes on that that makes the news that spectacular about we readily

recognize that balance. right? but we don't recognize the learning flow. we don't recognize putting people in environments where they don't have opportunity and low 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 27th, 2015. and the children were the dorm 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. i couldn't watch them anymore because i knew it was causing some sort of busy a logical reaction in my body. it really was powerful,

probable turning point because everybody went over draft after that, everybody went into throwing themselves into activism and nonprofit work and volunteerism. so talk about so home in the neighborhood, you can find that out in the least likely be within your partner. i'm originally from grandma grandma area to me that last section that a neighborhood is everything that was a certain level of pain. you've got to go through to be really from baltimore and when you really from a neighborhood that has a reputation you get was known as a i have my little, you know, the only thing. it sands for the last 2 digits of your or your go. so it's really

being, you know, to be connected to a neighborhood where people outside a 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, when you decide that you are street, do you put your all into ban street? do is really the only industry that we run. we think we run going to go from there . you go up to up under your name. what is your name? what kind of a you want to leave for your children? during that the name of father left me, i could go anywhere i want to use bottom one. i have a problem because my father was but because i'm not history do, and i split, i feel kind of morals. i've got to leave my stuff. 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, i hope a lot of people just by giving them places to stay and know what i know how to do use his hand. i know too much about real estate. to not get him into these homes.

that's gonna be my legacy. as will be my losing it was really saturday when he started putting money into the horrible. if it was go back into the neighbors. i've seen so much changed from when i was younger to now coming a neighborhood and it's dangerous and it is african american read inch and we move out and then obviously the neighborhood people who've been here and have been mentally beaten up the entire 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, haven't as, as it goes,

way beyond anybody could paint the guys who just said the cbs far far on the floors and good to go with the the

trying to ward the embers of the authorities to actually turn out this 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, and to start a young man was poking waterhouse with the pocket knife. why i want you to know that's him right there. right there. the and it $21.00. with no price. i 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 can't with 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. i got a $1000000.00 and restitution. $100.00 in latin. it's $10000.00 less. anyway, no, anybody live 10000 mice? can't leave the city to restitution pay well, we can't, you know, loudly you city to restitution 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 would they burned down their

old community? i mean, it really isn't a community that they been able to have ownership in don't push me close to the black community. the push to that is, and i think that is sort of why we see some of the uprising. we see. no. yeah, he may begin to understand the 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 they cleaned up the neighborhood. it makes it nice, but my heart goes out to the people who wants to live here. who got moved down.

because windows for people go for saturday, a neighborhood homes are gone in the country, don't pay attention to the places where people live the home that people will continue to go in circles and that really get to the root of the problem. busy busy ah, 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. and when you add up all that you have this massive, massive complexity you compare that to say a corn field. you have one species of plant a completely model culture. and what you see is a very efficient undertaking in

a lot of corn and very small space, but you certainly don't have the complexity and the ability to thrive. a reinforced ah, so what we did is we switch cities from being complex systems. the core i, you look back in history, in the way humans evolved 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 injury to pain and the hurt and the needs that go along and in all my place

i use ah, ah, ah, ah ah, ah, ah ah,

is your media a reflection of reality? the in a world transformed what will make you feel safer. tycer lation, whole community you going the right way or are you being that somewhere? direct? what is true? what is faith? in the world corrupted, you need to defend the join us in the depths. will remain in the shallows, ah, or military mission against dam. we'll conclude on august 31st. i went to santa, who did a good to us all the quote unquote

a young girl. and i really need proof for my. you got to be a subtle company. the cut, the cut over what i think that was the key code to show me that this was the right weapon against the right and the local. no, no, no, no, bought it from but it was filled out through z o o z the, the signing of the us towel about agreement and laid the groundwork for the road ahead toward a lasting peace in afghanistan. and i know we still need that mcdonalds, and as i have the,

the, the, the, the taliban says it will no longer allow the national to leave the country restricted cobble airport access to foreigners. only the groups also confirmed it will not agree to extend the united states withdraw deadline beyond the august the 31st us president job. i mean, while says that he will stick to that day, despite calls from the world leaders to secure couples airport, for as long as necessary. meanwhile, from a gun interpreters who worked with nato forces during the 20th year campaign slammed the british government for not getting their families out. many fear reprisals from the.