Screen cells of. The flipper. From upstairs to the right if. We get right with it then. We will belong there from here this is the work you do. From check this out. And hes taking business sections tell me a woman. Friend whatever you would see. Only. The few. Families who create a public good read a bottle in the middle to congress when he she is low i dont know if you are asking me are just fulfilling for you a man heavy coming back to the room. Any never having put the whole thing is puddle. All shit to me it means freedom stripped as a. Mom while you wait is world more and more understand that if you dont call it anything. You are nothing you know some have is in this world catastrophic you got to have a place that you can go to. And say this is my about i was going on islands and it means so much to me is everything to me. From by myself i tend to savor it. So peaceful can i do to be walk around im on the way im going to sort of for very good then some apple juice is going out on the porch and smoke a cigarette. You know is fine a reason to snap out of it. So you can only dangerous so long. Its not fun and you leave and go home and. In fact i wouldnt call the trenches. From the thirtys on word every single president has spoken of homeownership almost as the basis of citizenship your ability to own a home kind of makes us citizen the most tangible cornerstone that lies at the heart of the American Dream and thats the chance to own your own home those of us whove been given positions of responsibility must do everything we can to spotlight the dream and make sure that dream shines in all neighborhoods. Across the country i say to millions of young working couples by the time your children are ready to start the 1st grade we want you to be able to get home. To be secure in their home and. People need to. Make. A. Lot more. Im jim the realtor heres some tips for home buyers number one work with a great realtor a good realtor sells a least one house a month check their sales history on selo. Americans. Buying homes in Southern California especially we dig real estate and we forgot about the bubble and all the other trouble the financing and everything else. And here we are right back at it frenzied up 51015 bias for every house like none of that ever happened. To. The 800 video. I document the Real Estate Market on you tube i got almost 1500 you tube. And it gives people really good sense of whats happening. I mean chula vista today that house sold for 1. 6. 1 point one im just in millions here. Point 4. 585. I dont know what to say. But its going to work. I dont know what the heck it is dollhouse. Pull in the front yard. Slightly unfinished. Firepit. Why its stealing the trick to get me all the other planets is all stolen. What could have been so nice about those pillars that they had to steal this and im not sure. Theres. 15 houses on this street. I think it was. At least 8 of them had loans way over a 1000000 but if youre sit nono. 1. 2 or 1. 4 loans and you see houses listed for. 585 theyre going to make you feel about. Making that next payment. So what we saw in 2008 was the unwinding of the Housing Finance system what most people understand as a financial crisis or a problem of our Housing Stock actually is on wanted to get a social contract that was built in the 1940 s. And so understanding that and how the American Home was the basis of how we organize the economy and how we organize social stability is an important part of understanding why we are where we are now. I dont. Know thank you used to be. Many years ago. I. Born here many years ago and they used to be an. Issue around here someplace you know. That used to be a tiny tiny. Let me just check up a little bit. Of the punch. When i was 6 months old we moved from little italy in manhattan. There was a Housing Project in one night my uncle frank was his wife and. Came down. With bats and bolts. And they walked past us and my uncle frank said to my father get this kid get him out of this neighborhood. And it was not that long after that that we. Bridge. How much you want 38. 1000. Here. But what i love about this town is. What i consider to be. People like us who go. Down. Nation no but everybody thought it was going to fail because he built 10000 and it is like that. Coming out of the 2nd world war the idea of mass production became something that was truly a reality a. Look. All new world. The idea that came to a man named bill levitt was this wind up mass produced the elements that go to make up all the Auto Industry does with the parts that go into a new car. When i was living there it was at a very particular moment and that was coming out of postwar trajectory and that created the need for that type of housing. Retraining too that you can house for as little as 300. 00 down and that 99. 00 a month and that is partly because the federal government plays in sharing your market space. You have the g. I. Bill intrudes in construction of new homes so the whole idea is your government wants you to have a home so this was an easy way to sort of jumpstart the housing industry and make homeownership possible without those subsidies lower middle class families would never been able to afford to Massive Movement into the suburbs that we saw in the late 1940 s. 950 s. Soon to be 966. I was a Police Officer in the National County and we were the swat team as well. Who im going to say you know to story about sticking it. In the middle of the windows i did i did it. Right on that where. I swear to god i guess. If you couldnt afford to. Put a down payment teacher. That they would let you let them. What the option to abide. By the government. The prognosis own building or in the world. A lot of doing we had to start from scratch well absolutely not everything had to be dont want if you go back to William Levitt he said no man who owns his own home and lot can be a communist because he has too much to do. This was a fundamental part of our Political Leadership and our country at large understood the bargain you get a home right i mean after work there are 30 or jobs that go along with it that match the 30 year mortgage and then you know rebel right as the things you dont revolt if you have a stake in the system. Secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived weve been busy rows on the work to view houses were allowed to leave prison or worse located only people had access to the story investigators she covered the darkest dealings of the secret services but i mean. You great ignore. For. Justice. You were then to report on one of the most unusual diplomatic events in recent history. Was thats said the kitchener mates are less famous now mass and the history of post war has seen. As say sickly nixon saying to chris shove that the strength of the American Economy is the postwar home and the ability of americans to purchase consumer durables to fell it all its going to be not just him that will give the people more good will be a better system and this one particular moment nixon was right. This was the strength and the American Economy. I can remember even as a kid looking at house magazines and seeing the incredible visions of the future that house represented in those pages was something that you could aspire to and that was starting to become a reality. Wonder what it would be to come out by. The house of 9090. 5. Life will be richer easier. As face age dreams come true. Feel the pressure. To. Get my. Feet. Below. 45. Ive got a point. If only restate. That levy did. The only thing that never did that would be the 1st one to admit such. Action. On blacks. And that. Is disgraceful. To some fighting alongside a black man willing to die for his country. If you cant buy a house next to me and live again. Then i dont make any sense. Now we were looking for a place. Where we like. No other city. And we understood that it was going to be all right were very happy to. d know when you come to this neighborhood you know in me too deep its different. Than nonchalant. Theres no real census but it gives you a feeling of a park like setting. Because i was struck by how familiar it felt it was a connection to levittown that they both developed as postwar suburbs. I believe going in he built these houses he really built these houses for the veterans coming home from the war it was hard for him to get financing for these houses because they were so different the whole social part was his design. And. I shouldnt even say dont im not even going to open oh he was a socialist and i think a lot of the people that moved in here. Im going to get into this. My father is gregory a fairly well known california architect from the fortys and fiftys. So this is a letters. To say i just came into my hotel room from an interesting and unexpected visit to the basement drafting rooms that yeah why didnt have to tell of johnsons jewel that new canaan he is a real fascist intellectual. I started running through some old papers and then i came across this here 200 page 100 he had 200 page file that the f. B. I. Kept on and then they were watching everything he did in the mid fortys to the mid fiftys. Gregory believes that decent housing should be their right and everyone not just the privilege of very wealthy people. Watching 12 percent of the population is black there should be a lot of black families living out here yeah this is only a beginning but i think its wonderful well lets see how wonderful it is what i want to belive winds come flying out. There my olds. The neighborhood was supposed to be twice as large the playoffs was 400. 00 homes and only 52. 00 were built the f. H. A. At the time didnt think that enter graded neighborhoods would be attractive to the general public. And theyre providing mortgage insurance and in their minds for that would bring down the value of the homes. You know most people in america the value of those homes and parents passing that on to their children that made the biggest difference africanamericans were left out and that. That inability to protests have paid and what created american middle class has a lot to do with the problems we have now. The really interesting that and think about the longer deeper history housings men in the United States not just that question and the American Dream but the bigger question of who the dream has been for. So. Its. Being. All. Possible is a beautiful little city with a lot of bad habits. The house is a beautiful place. I dont really understand how segregated the city was because i never left. My days in the house for a week. Nice apartment complex a really. Decent. Night it was fun when i got back to the city. Center somewhere for a week just to get a house together. Many times to count. So many neighborhoods it doesnt allow you to gauge what is normal. This neighborhood still pretty much the same. Vacant we used to go. From. Its rather hard to go on and on every day. You know a jam packed. Show as. You say. Baltimore is a microcosm of many urban areas in america and it is like dickens would say the tale of 2 cities. You have great investments in certain parts of town and other and looking like a ghost town. Anyways is the ground 0 for racial apartheid in america. Where racial zoning was. Racially richard 2 covenants were also created here. We have a myth in this country that the reason neighborhoods are segregated is because people like to live with one another who are of the same race or because africanamericans have too little income to move into white neighborhoods or because this private prejudice that prevents africanamericans from buying homes in white neighborhoods and thats all true but its a tiny tiny part of the truth. Theres intentionality with the capital decisions that were made around housing in the fortys and in the fiftys and i think people are logged to sleep thinking that certain things happen by default rather than by design you have in the federal Housing Administration a Veterans Administration they subsidize Home Building in the suburbs and then they say is racially exclusive it means white people can move out to these areas black people. What is probably a surprise to a lot of people is that red lining is created by. Federal government. Thats when the white bank is dry red lines around black berries and dont give up no green. No i mean maybe out there see i dont think about it at all many grown men not new dorp or. I kind of were on the. Doorstep cannot be now i think its higher than our. Members who are sick of mafias conways them safe and quick passage to europe but once they. Leave they are leave the cult speech util. Will not some of them leave your mom and i couldnt you know if this unit were going to go to him. On the cheek when. They sold the. Core of the. Persona that a kid even. Joined me every thursday on the alex im unsure and ill be speaking to guest of the world of politics sports business im show business ill see you then. The single greatest most important aspect of any functioning society is price discovery of price discovery more so than any moral or aesthetic or ethical. Kind of set of rules because without sound money without some price discovery you dont have a society full stop. The french government steps off its confrontation with islamic radicalism but some fear it could lead twists in the gramophone and the country. And integration issues ill swear in your 11 ears manas deny job and citizenship over his refusal to say comes with a woman discrimination or justified request opinions differ. With a clear signal that he still is here to a totally different value system. The one which is established in germany this is a cultural and historical process and if somebody doesnt show you its not the end of the world plus in knots in america a prominent supporter put libyas ousted president even rod has triumphed in the conscience president ial