A bubble. That. People like. Easy. To. Come is in danger and that means life as most americans know it is about to change 30000000 people took a mortgage in the last 3 years. This is not redemption among people all of. Them bernadino recent making the 3rd california save the file bankruptcy and like a homeowner who can get away from a mortgage thats more than the house is worth the municipality. Issues. After this property its considered trespassing did you ever think that this word could become 50 percent of your business no never would have the lives of. Us i found in the model farms our world your ideology was not right charged. Jar opener Everyone Needs one of those. Its not. The team. For the living room. I was 18 counting the counter. He count this to feed here. Ive been doing real estate with him since now that 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 a 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. Police they had just applied to be one of the. December 2000 and. 900 square feet right across the street from the freeway one. So we call it retro order here 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 grab your shingle. Right now and you dont deserve to be licensed december 2006 so. If you want. To get fired. Im jim. Theres a lot of trust the 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 that i can say oh for sure its worth. Theres really i think some valid concern about valuations when the proof is so thin. Thats 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 to. 1000000. 00 for these appear you can see they built a game full of them and gave up and those are 5. 60 square foot alice. 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 i used to bill i was the engineer would design and layout build this stuff. I would work on these Big Development projects sees 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 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 22. Anybody of 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 act today. We were like way out here. You can look at the run up to the housing crash as a prime example everybody felt like well were doing ok because you know yeah i made 12000. 00 housing payments but my house went up by 40000 i cashed out the difference im doing fine heres centrally 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 could 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 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 weve made it right i dont know maybe the midwest its heartbreaking the midwest is heartbreaking think of all the places this is one of the last ones living but its home and 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 better im moving a little google a street if you go yeah. That was that is. After another. 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 a community the other start to move in whether the other is someone of a different race or someone of a different social class i think excite colleges 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 tracked for white people their mechanics say is you go to i didnt they did out is for new break. What is the other. You know things are. Going to fix my refrigerator. You know cream abduljabbar said the hyper problem we had today is less race than it is poverty and i think he was 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. But left behind. When you find that you can no longer get the mortgage we can no longer cash out the 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. Starting to see more and more that is a mainstream experience how are you going to. Win even the mission back here and nobody else because 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 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. Or didnt work. Join me every thursday on the alex salmond show and ill be speaking to us of the world of politics Small Business im show business ill see that. Secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived within this 0 zone there were 2 view houses were. Prison was located and only cia people had access to the story for investigators she held the uncovered the darkest dealings of the secret services but i mean. He grated nor in dr nonsense. He seem a bit sore knee yes or no for. Crying for justice. Seemed wrong why dont we all just all. Get to shape out this day become educated and engagement because of the trail. When so many find themselves worlds apart. Just to look for common ground. The way it is being read. Between 952100000. People feeling like they have control over. What. Not. A lot of fun. But. Not only did they argue. That. We will build together port coming to when we build it it will be ours for coming to a vision for the heart of a new World Headquarters for under armor and opportunity for all of baltimore. Mr. Snipe Baltimore City council put the stamp of approval on the 660000000. 00 for the forthcoming project 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 when people who are wealthy. You know. Its not close but if only. Those neighborhoods do the still inequality. In favor. And he. Remembers 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 will be readily recognize that is about right but we dont recognize what. We already know as leading people in environments where they dont have. A desk. In Baltimore City. I was sitting here in my this watch ing the police in the children interact on the day of april 27th 2015. The children were dora rocks the police dora 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 any more because i knew it was causing some sort of physiological reaction in my body. It really was a. Powerful pivotal turning point because everybody when overdraft their food everybody went into throwing themselves into activism and nonprofit work and voluntourism. So this is lets. Talk about here so thats. This. Program out. To me that small section of a neighborhood is everything because its a certain level of pain youve 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 state. I have. My little you know. The only thing to do. 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. Is really the only industry that we run or we think we were going to say so from the kids grow up on your name what is your name what kind of name you want to leave for your children. Thats a for thats the name of allah for me i could go any way 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. 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 would be my legacy as. It was only families. Who. Have seen some of my shoe. Anyways you see. From when i was young to name something thats not name to me and its dangerous and you mean it isnt going to really can speak and it would be violent and then i think. You know said they need me to get again. People whove been here and have been. Beaten up antilife so much that. Youve got to be managed. To me kind of manifested itself into. So when you get to the to just play your anger. It goes way beyond anybodys i think. The 3. Guys are just at the c. B. S. Bar. They. Are. Going to go. Just want. Someone to stop it right here i just wanted to see this piece 1st. Want to do Something Else and. You saw a young man was poking a water hose with a pocket knife. Wow i want you to know that see im right there. Right there. At 21 we know this. Too is 25 and he was trying to give me more time than i had been on earth. He was scary but it was eerily familiar because it felt like no matter what i accomplished in my life been the 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 got a 1000000. 00 in restitution. 100. 00 and that is 10000. 00 less anybody i know anybody had to live 10000. 00 less and that can lead a city to my recitation pay. While he. Cant unilaterally you said he said its sort of presentation pay these are the struggles 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 else hates you. 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 new used labor has dont have this need to begin with. The one with the burn down their own community i mean it really isnt a community that theyve been able to have ownership in. Dont push me cause close to the black community and close to that is it and i think that is sort of why we see some of the prism you see. Happen may begin to understand the black lives matter but black lives dont matter of 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 it cleans 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 in neighborhood their homes are gone. If we as a country dont Pay Attention to. The places where people 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 home 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 so when you add up all that you have this massive massive complex and. You compare that to say a cornfield. You have one species of plant a completely 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 that i write for stuff. So what we did is we switch cities from being complex systems to corn. And. 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 was 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 in the needs that colin and all our places. Immediate environment used to leak if you disagree with the official narrative youre told a conspiracy theorist never mind many of visual narratives actually mark conspiracy and is big war with. No one i mean maybe out there see it i dont think about it at all many of us at home and not near our bar. I kind of were on the ship on course if not the now i think its hard enough. Members of the african mafias conways them safe and quick passage to europe but once they arrive. They are enslaved to the country child you are the. One not some of them maybe a mom and i couldnt you know if this unit can get it out to him. On the cheek when. They saw all the. Court of the import data because the persona. Ily. Ily. Taking a stand against radicalism thousands rally across france in the wake of fridays brutal murder of a history teacher reportedly killed for showing his class controversial cartoons of the prophet muhammad. Even without all the votes counted the opposition throws in the towel in bolivias election it means the new president will be the man who supported the previous ousted one. And testing the truce shells continue to fall in the ongoing territorial dispute between armenia and azerbaijan despite both sides agreeing to a certain ceasefire. Impose your world headlines for this hour you can find out more about those stories by going to r. T. Dot com or by following us on twitter and facebook on behalf of myself and our chanter nash