That the. Entire economy is in danger and that means life as most americans know what is about to change 40000000 people took a mortgage in the last 3 years. This is not redemption higher among people all of. Them bernadino recently king the 3rd california say the filed bankruptcy and i like the homeowner who can walk away from a mortgage thats more than the house is worth a municipality. If you come back to this property its considered trust did you ever think that this word could become 50 percent of your business not level with. Yes i found. The model harms our world your ideology was not right. No. Jar opener Everyone Needs one of those. Snatched. A team. From the living room. I was 18 counting the counter. He count this to feed here. Ive been doing real estate with him since now it was 2 so thats 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 dont know all those details im just saying blur meaning it was a blur time of my life well let me add some color because i remember the im sure. The blog was running i dont want to talk about those tales. Because of our connection to countrywide they started the lease they had just applied to be one of the agent out there isnt much. December 2000 and. 900 square feet right across the street from the freeway. So we call it retro order. A vintage. Lovely. You. Are watching this video and your realtor. I represented the buyer when they paid a 1000000. I want to put you my tie down and. You dont deserve to be licensed december 2006 so. If you want. To get fired. Im jim. Theres a lot of trust marketplace value could this be just 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 isnt the evidence to help support them and i can say oh for sure its worth. Theres really i think some valid concern about valuations when the proof is so thin. Its always been a problem in this industry there is. Just one way to determine what some is worth is look what other people paid if 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. Everyone was going by the montra get in or you might get priced out forever because up to that point no one had seen any previous downturn just wasnt in the camera larry and nobody clinton realtors ever really thought a party is never going to end. I mean the thing about this is this is kind of based on bill i was the engineer 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 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 whats 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 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 3. 00 and 54000. 00 to fix that road we asked the 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 that road was going to last 2025 years this doesnt make any sense the growth creates what we call the illusion of wealth if you lose money on every transaction you dont make it up in volume. Where we at today. Were like way out here. You can look at the run up to the housing crash as a prime example everybody felt like were doing ok because you know yeah i made 12000 dollars housing payments but my house went up by 40000 i cashed out the difference im doing fine heres 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. Our places dont work theyre just designed to decline. If you dont know what was lost. You dont look at the place and see like this is decline. 143 if youre 10 years 20 years 30 years older than me all you see is wounds. And so its really hard for you to get your mind out of that and actually see how this could be a better place. Now we have it all off guard and so we made it right i dont know maybe the middle east is heartbreaking the midwest is heartbreaking of all the places this is one of the last ones i live in but its home and i you know theres a part of me that loves it too like i look at it and im like i want to help this place i want to make it a moving little google street if you go yeah. That was thats our show and elysium and thats our. Show up after another yeah i know. Im educated. Enough to to know that i shouldnt talk about some things because i i 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 mixing of people in the community the others start to move in whether the other is someone of a different race or someone of a different social class i think excite colleges is that theres a natural human tendency to 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 dont want those people here. I think the irony today is that its also now trapped for white people their mechanics say is you go to i didnt get it out is for new break lads. What is the other. Thing for 40. 00 you dont think that this was an advantage if its not a refrigerator market. If. You got a guy who. You know cream abduljabbar said the hyper problem we have today is less race than it is poverty and i think use exactly right i mean theres a racial element to it but. Middle class whites will sacrifice poor whites too theres no racial loyalty there theyre going to kick them to the curb. Been able to travel around the country to experience different communities its the same its 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 week you can no longer cash out that equity when you can no longer get a car loan for the new car your world. Changes and your experience changes and america becomes like a really cruel place. You starting to see more and more that is a mainstream experience how are you going to. Win even the commission here and nobody else comes each colony. You can create a social contract to make tons of promises we now live in the day when those promises are coming to you. And thats not a laughter right thing. Kind of transcends left and right because neither side understands that they both want to go back to what they thought worked. Or didnt work. The world is driven by a dream shaped by. The dares thinks. We dare to ask. Secret prisons and not usually what comes to mind when thinking about europe however even the most prosperous can be deceived weve been the zeros all there were to view houses were allegedly preserved was located and the only way you can pull it out says to the story investigators she held the uncovered the darkest dealings of the secret services but i mean. You go ahead of norm in. Hockey see maybe a sore knee before. Trying for justice on oxy. The way it is being read. Between the 2100000. People feeling like they have control over. What. Not. A lot of fun. But. Not only this but they are both. That. We will build together port covenant when we build it it will be ours for coming to a vision for the heart of a new World Headquarters for underarms an opportunity for all of baltimore. Mr. Snipes Baltimore City council put the stamp of approval on the 660000000. 00 for the forthcoming to the developer guarantee the City Affordable Housing jobs in exchange for the investments are intended to have a mixed Income Community their definition of Affordable Housing is affordable to families making about 70000. 00 per year so were saying is just cant build a community with people who are this. Is not such that if only. Those neighborhoods to the quality. Favor. And he. Remember youre creating structural disadvantage in our National Marriage but we creating structural advantage in our white. Desks where we are today. It was until i got older and start to understand in. Politics i love him more and at the same time i started getting really big and black history and about the things that america had done to us cause shot and stepped on a c. B. S. News desk tech would be readily recognize that espouse right but we dont recognize what. We already know as putting people in environments where they dont have. All. The deaths will slow down 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 there rocks the police door rocks back at the children in a vision the police you know theyre shooting were bullets and they deployed teargas and at the moment they deplore that teargas im sitting here and i feel like this weight come right on my chest and im like i cant breathe i can watch it anymore because i knew it was causing some sort of physiological reaction in my body. It really was a. Powerful political turning point because everybody when overdraft everybody went into throwing themselves into activism and nonprofit work and voluntourism. So this is lets. Talk about here. This. Agreement area to me that small section of a neighborhood is everything because this is 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 was known as a stand. My little stand you know. Its only for the last 2 digits. So its really. You know to be connected to a neighborhood. Where people outside of street dont understand all of this stuff is about legacy. You dont really know where we come from we dont know our families so. Do you put your all into band street do is really the only industry that we run or we think we were going to say so from the kids go up on to your name what is your name and what kind of name you want to leave for your children. Suffer thats the name of i could go anywhere i want to is bottom line i have a problem because all my followers but because im not history do but i still carry those morals i got a. Block in a city and its going to. Be a new block im trying to tell you. I have a lot of people just by giving them places to stay and what i know how to do. I know too much about real estate to get them into these homes will be my legacy as. It was only sam. Who. Had. Seen so much for me its an amazing scene. From when i was young to name something thats not even to me and its dangerous and you. Can speak and it. And then i think. You know said they need me to get again. People whove been here and have been. Beaten up and title is so much. To be made it. To me kind of manifested itself into. So when you go to the to display your anger. It goes way beyond anybodys i think. The 3. Guys are just at the c. B. S. Far. Far. Lets not. Go. As long. As. Someone to stop it right here i just wanted you to see this piece 1st i want to do Something Else to sort of young man was poking a water hose most a pocket knife. Wow i want you to know that see im right there. Right there. 21 we know. Is 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 a 1st person to go to College Graduate school i felt like i was supposed to be there its kind of hard for you to. Take this stuff that we see here and translate it into the humanity of it as a person. A 1000000. I got a 1000000. 00 in restitution. 100. 00 and that is 10000. 00 less anybody i know anybody had to live 10000. 00 less. That can lead us any time a recitation pay. While he. Cant unilaterally you said he said its sort of presentation to. These in a struggle they dont make the news these are the differences that make. People like myself turn off from everybody just self. You know what i mean because everybody has a seat. When people make the claim of you know why would people burn down their own neighborhood but then you sort of live statement to sort of gloss over the fate that news labor has dont have this lead to begin with. We why would they burned on their own community i mean it really isnt a community that theyve been able to have ownership is. Dont push me cause close to the black Community Employers so that is it and i think that is sort of why we see some of the prism you see. Happening may begin to understand that black lives matter but black lives dont matter if black neighborhoods dont matter. I came back yes subsequently when i was a police officer. And it was all bricked up all the windows to doors. Choice property now the. Chance for 5 you know gentrification i suppose on one hand is a good thing because you 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 when those poor people go you know they were forced out enabled by their homes are gone. If we as a country dont Pay Attention to. The places where people the homes that people. Will consume to go in circles and that really get to the root problem. When you look at a rain forest. Youre seeing a very complex ecosystem. Not only do you have these massive trees but you have all 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. You compare that to say a cornfield. You have one species of plant the complete monoculture. And what you see is a very efficient undertaking a lot of corn in a very small space but you certainly dont have the complexity and the ability to thrive than a rain forest. 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 essential component. And there was a certain discomfort that went along with that there is also a social dimension to it that weve just completely lost. This pattern of development has allowed us to. Intentionally enrich. The pain and the hurt and the needs that call long and all the places. So what weve got to do is identify the threats that we have its crazy from day shouldnt let it be an arms race. Spearing Dramatic Development only personally im going to resist i dont see how that strategy will be successful and very critical time to sit down and talk. Congo. The maternity town the slums go in and you may never get out some sort of the most of. My teenage gang rules here. No one on the move no nothing mind. But. Maybe it will be very. Nice seeing her. But now its looking for the yeah. And melanie like. You know mccain. Is all i seen. Was a pandemic know so you know blood is just blind to nationalities. Summary. We dont look like seeing. Each stick. Coming every crisis with this system things. We can do better we should be. Everyone is contributing way but we also know that this crisis will not go on forever the challenge is grateful to response has been so many good people are helping us. It makes us feel very proud that we are in it together. Not interested periwig jackpot just saying that a claim that 1000. 00 francs enough to pay to is what helped on a child wanted to die but still the trials of a big rig new. To the horrific killing of a history teacher from takes on islamic radicalism but operates muslims they will bear the brunt of the governments response. Without fear of the too long you have to be or be cure for all for what the poorest of and more for the worlds future as a human rights of all of this is literally all the brunt of. The conflict between us by john and i mean you know rages on in spite of to see