by the ambitions of jeff bezos, you know, it's got its tentacles in so many aspects of the economy. there's nothing that amazon isn't trying to get into to step by step. the amazon empire has extended its grip on the world that was like being quiet like a dog. so amazon looks like monopoly trays like a monopoly makes money like monopoly, behaves like monopoly. amazon essentially controlled the market place. it's not really a market as a private arena world where a single company controls the distribution of daily products and the infrastructure of our economy. according to amazon, ah, united states economy have never been better shape. we have created a higher standard of living or a country with. ready

k, terrific time to buy. we've never had a defiant house for that. a nationwide basis. told me she and evans with a price for you're not going to see that collapse. you see when people talk to me, if there is a bubble, as they call it, i hope that happened because people like be new to me 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, home town. bernardino recently became the 3rd california state about and i'm like

a homeowner. we can walk away from a mortgage, but more than the house is worth a municipality. hadn't ah, come back to his property. if considered trip. did you ever think that this one could become 50 percent of your business? no level, whatever. yes i found or in the model of the world was your idea. ology was not right. i know i 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. the . it was a blurred. yeah. you think when i said blurry,

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 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 home, a lot of late fee. you are watching this video and you're a realtor. and you're jumping off the car, sam, 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 there. one who was on that deal to 0 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 there's really an ex um, valid concern about valuation 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 pay. 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 couldn't. realtors ever really saw party is never going to me.

i mean the thing about this is, this is carolyn. 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 and run some larger math problems. for example, 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 $1054000.00 to fix that road. we asked the question, ok, based on the taxes,

see 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 was gonna last 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 $12000.00. housing payments from a 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 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 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 like one of the last months i live in, but it's home. i, you know, there's

a part of me that loves it to like, i look 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 shown delivered 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 of people in the community, the other 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 a sense, 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 does human are going to do to member who fix anything for $40.00? why they don't? yeah, not feasible gym and fix my refrigerator, my air conditioner and my about got a guy. all right. you kareem abdul jabbar said the hyper problem we had today is less race than it is poverty. and i think he's 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 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 else meeting quality of life, 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 laughter are right thing. it 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. ah ah ah ah, the

long when i would show the wrong when all just don't the room. yes, to see out the thing because the after an engagement equals the trail, when so many find themselves will depart and we choose to look for common ground in the families that mark i took, marking your function, you go with a good idea to do john got caught up

and i wanted them to go back to the work for me about the less about the news. and baltimore is very similar to many cities in terms of the way that has been read post industrialization between 195-2000 baltimore laws. 100000 manufacturing jobs. so that had a negative effect on people feeling like they have control over the other line. they weren't around

on a 3 night. it's been on the, on the morning when i'm going to be getting low. why anything going to be available? not only did we will build together port coming and when we build it, it will be our for coming to a more digital baltimore. at the heart of this, a new world headquarters for under armor, an opportunity for all the bottom will be big for the more tonight baltimore city council put the stamp of approval on the 660000000 dollars for the board. 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 making about $70000.00 per year. so we're saying is she can't build a community. what people who are wealthy snarkiness is not helpful to discuss. so if only gets a moment for the neighborhood, it was still in equality. no, not in favor, any oppose. remember we are creating a structural disadvantage in our asked the american community, but we're creating structural advantage in our way. and that's where we are. today's. it wasn't that i got older and started understanding politics

a little more. and at the same time, i started getting real big into black history about the things that america had done 2 years ago. sounds bad mix, but even news that spectacular about we readily recognize that balance, right. but we don't recognize read 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. the 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 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. i couldn't watch them anymore because i knew it was cause i'm sort of busy a logical reaction in my body. it really was a powerful, pivotal turning point because everybody went over draft after that, everybody went into throwing themselves into activism and nonprofit work and volunteerism. so talk about here. so what is home in naval would you be with the person likely be within your partner? i'm originally from grandma grandma area to me that the last 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 reputation, you get was known as

a say, i have my little, 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 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 you decide that your street, do you put your all into ban street? do is really the only industry that we run. we think we're going to go from there. you go up one to up under your name. what is your name? what kind of a you want to leave for your children? that's the, that's 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 as to do and that's what i feel . okay, those morals, 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 his hand. i know too much about real estate to not get him into these homes. that's gonna be my legacy. is going to be my lazy it was really saturday when he started putting money into the horrible infant it was go back into to naples. i've seen so much changed from when i was younger to now coming, neighborhood, and dangerous. and it is african american read into route and then other people neighborhood people who've been here and have been mentally beaten up anti alive. it's 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, haven't, as, as in goals, way be anybody who ah, the guys just said the cbs bar, the bars who's the

go the job or the embers of the story 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. it's not a young man. was poking a water hose with the pocket knife. why want you to know that's him right? there right there. the and it $21.00. with no price. i spent 2 is fight and 25 and be was trying to give me more time than i had been on earth. it was scary,

but it was eerily familiar because i 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. got a $1000000.00 and restitution. $100.00, i'm latanus $10000.00 less. anyway. know anybody here to live 10000 me. us can lead to city to my resolution be well, we can't, you know, loudly, you city to read to pay. these are the struggles they don't make the news. these are the differences that 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 own community? i mean, it really isn't a community that they've been able to have ownership in don't push me close, keep the black community been push to that. 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 matter of 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 it cleans 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 where does 4 people go? you know, they were for saturday, a neighborhood homes are gone. we of the country don't pay attention to the places where people live, the home will continue to go in circles and that really get to the root problem. ok. busy 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 of that, you have this massive, massive complexity. you compare that to say

a cornfield. you have one species, a plant, completely model culture. and what you see is a very efficient undertaking, increase a lot of corn and very small space. but you certainly don't have the complexity and the ability to thrive that rate for ah, what we did is we switch cities from being complex systems. the course i, you look back in history and the way humans evolved along with the city. and what you see is that messiness 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 in pain and the hurt and the needs that go along and in all my places i use ah ah ah ah ah ah, ah ah,

ah, while the make know, you know, borders and the blind number please we don't have a 30, we don't actually the whole world leads to take action and be ready. people judge. 2 governors crisis, what we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is paid for the response has been massive. so many good people are helping us. it makes it feel very proud that we need together in

when i would show the wrong one. i'll just don't rule out the same because after an engagement equals the trail went to many find themselves worlds apart. and we choose to look for common ground in the you want, you know, we can hear not him national in the headlines this sunday, the taliban, the surrounds called black. d hole with extra forces, foreign countries race against time to evacuate, the troops and citizens to meet the end of the month deadlines. the extra security comes off to the apple was rocked by a suicide bomb attack on thursday, which claims at least $100.00 and.