Rethinking affordable housing | Adam Walls | TEDxGrantPark

Why are underinvested communities underinvested? Adam Walls shares the history of laws preventing investment in certain neighborhoods of Chicago and his idea of how we can invest in underinvested communities.
Adam Walls is founder and CEO of the 5812 Group, a Chicago-based real estate investment company that specializes in affordable housing. Adam has a simple but bold way to tackle housing issues in under-resourced communities, using market-motivated investors and harnessing his passion for community.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx

Пікірлер: 87

  • @JewellDWilliams
    @JewellDWilliams2 жыл бұрын

    This is a great talk. My favorite part is you researched the history then sought a solution. I am inspired.

  • @edwardrobinson3443
    @edwardrobinson34437 жыл бұрын

    Great History Lesson. Glad to see that there are some people who are trying to do good in economic distressed areas.

  • @saavwafare
    @saavwafare3 жыл бұрын

    Absolutely fantastic presentation on the WHAT and WHY of this eternally existent but never answer dilemma! Thank yo Aaron Walls for your hard work and I will be spreading this video abroad!

  • @jazzyjazzjazz9768
    @jazzyjazzjazz97683 жыл бұрын

    Absolutely amazing speech Sir! I salute you for your bravery to speak on this topic. I think this video has changed my outlook on life and where I live forever.

  • @Pam0284
    @Pam02844 жыл бұрын

    This is such a good video. I've rewatched it a couple of times, and shared it on social media.

  • @D4PPZ456
    @D4PPZ4564 жыл бұрын

    There are too many regulations in the housing market as a result of NIMBYism. People think that they are entitled to tell others what they can and can't build on land near their land. If you wanna see what a housing market that works looks like you should look up Japanese zoning laws. The average cost for a house in America is about what you'll pay for a home right near the city center in Tokyo, which has one of the highest population densities of any city.

  • @hollybischoff7490
    @hollybischoff74905 жыл бұрын

    Great talk and very thought provoking. Good job and God Bless you efforts.

  • @davidlopezlive
    @davidlopezlive6 жыл бұрын

    Although a good idea, i think the best way to implement the affordable housing strategy is to diversify the affordable housing units across a wide area. I’m mostly in favour of the 20% model where 20% of housing across a city is affordable housing therefore eliminating segregation altogether. Helping all communities become diverse

  • @maryanna8066

    @maryanna8066

    5 жыл бұрын

    Developers always say this then by out.

  • @deb9784

    @deb9784

    3 жыл бұрын

    Great suggestion! So is it working somewhere? If so, where?

  • @davidlopezlive

    @davidlopezlive

    3 жыл бұрын

    Here were I live in Edmonton Alberta Canada, we have something called P3s which are Public Private Partnerships for developers to build 20% of units as affordable units subsidized by public dollars and from the number of units being tracked and built. It seems to be going pretty well. Also they are all over Canada and Europe and Africa, and south America, and Australia, and Asia, etc.

  • @mamabear8641

    @mamabear8641

    3 жыл бұрын

    @@davidlopezlive Great. Thanks for adding the info! Trying to start up something similar. Researching all the models I can.

  • @peteplayer3

    @peteplayer3

    Жыл бұрын

    Would be very difficult to implement in America especially since that would most likely raise taxes.

  • @cv5330
    @cv53306 жыл бұрын

    love this vid, very informative.

  • @marlenesabiooliva7667
    @marlenesabiooliva76673 жыл бұрын

    Very educational! God bless you!

  • @lespetitsrugby3638
    @lespetitsrugby36382 жыл бұрын

    Beautiful work Sir !!! TY for your patience, intelligence, leadership and fight for equality for minority groups !!!! You dont realise it, but your work has a massive IMPACT on people's lives, esp. the underprivileged. Writing from NZ and will use your wise words and work to also help those here in NZ that need help with housing and battle the obstacles erected to maintain inequality ❤❤❤❤

  • @236Mars
    @236Mars5 жыл бұрын

    Noble and amazing work!

  • @fariedmaya3617
    @fariedmaya36174 жыл бұрын

    God Bless you Adam... yess God bless you!!!

  • @madskillz3906
    @madskillz39065 жыл бұрын

    I'm a hard working man in new YORK I'm trying to get out of the shelter

  • @marymotherofgod4861

    @marymotherofgod4861

    4 жыл бұрын

    Blessings 🙏🙏🙏

  • @davidearle7209

    @davidearle7209

    3 жыл бұрын

    That’s tough bro, I hope you still on ya grind out here. Wishing blessings on your life bro 🙏🏿

  • @madskillz3906

    @madskillz3906

    3 жыл бұрын

    @@davidearle7209 I'm out and doing great thanks

  • @PeterKontor
    @PeterKontor Жыл бұрын

    6 years later, as a landlord of property in West Chicago, now landlords are becoming fully dependent on government. Requirements from the government are more and more ridiculous. Evictions take 6 months, and up landlords are underwater with their investment due to lack of responsibilities to pay tenants share of the rent. Tenats know the system very well to the point that they will stop paying at a certain time in order to prolong the eviction in winter months. This area is becoming to operate on socialism setup where tenants and landlords are becoming fully dependent on the government to stay above the water. Education is where all begin. I see on and on this cycle in those communities where children are growing up in poverty filth and no fathers. Single mom keep getting pregnant even tho they can't afford it in oder to get extra income from the government. They are selling their food stamps for cash I order to survive. I understand there are people who need help like people with disabilities but currently, this setup is only incentives people to not take effort to start improving their standards of living, only taking money from government social programs. We hear more and more stories of how people who know the system can make equal, if not more, median income from all government available programs without working.

  • @deb9784
    @deb97843 жыл бұрын

    Adam, thanks for caring and doing something about it! Lots of us desire to bring change, but to step out and do it is so courageous! Your family will be effectively changed because you did! Do you have a website with more info?

  • @prettyprudent5779
    @prettyprudent57794 жыл бұрын

    Private Landlords on Craigslist get away with housing discrimination on a regular basis.

  • @KalmoniGroup
    @KalmoniGroup3 жыл бұрын

    Great insight. We at Lakeside City are trying but unable to achieve very low cost due to luxury specs deman of buyers for low price... How do we meet the populace demand?

  • @yvonnehyatt8353
    @yvonnehyatt8353 Жыл бұрын

    Send this to Tony Robins, please thanks.

  • @francinedancertv1
    @francinedancertv17 жыл бұрын

    I need a place to li

  • @purplepassion678
    @purplepassion6783 жыл бұрын

    Good!

  • @ridaamurad5466
    @ridaamurad54667 жыл бұрын

    Its not that they have the right to live but rather the workforce that serves the folks who can afford it wouldnt exist if they didn't have affordable housing as they couldn't live within a manageable commute...so eventually that neighborhood would not have good service, etc

  • @cyberft

    @cyberft

    6 жыл бұрын

    Riddaa Murad, you are assuming that prices for things, including wages, would not change. Prices in a free market system are not fixed, they are dynamic. Service providers would raise the cost of their services and raise the wage rates they offer employees to insure they could provide services. This happened in the Balkan Shale when Wal-Mart had no choice but to raise their wages to nearly 3x their typical wage to compete for labor.

  • @Falandis
    @Falandis Жыл бұрын

    This dude just raised my rent 400 dollars

  • @Jeremy1239
    @Jeremy12394 жыл бұрын

    That was rough

  • @johnriley8761
    @johnriley87614 жыл бұрын

    Funny that’s exactly how my people treated me when I told them this same thing

  • @amigaarquiteta
    @amigaarquitetaАй бұрын

    👏👏👏👏👏👏

  • @devildocnowciv9272
    @devildocnowciv92726 жыл бұрын

    Show some video of his housign projects. If it looks OK, then its progress. If it looks like its on the path to becomeing another failed section 8 mess, then his heart was in the right place, at least.

  • @zigor4
    @zigor46 жыл бұрын

    is there an equation for working out whether a house is defined as being 'affordable' i.e . what exact amount of available money you would need to earn minus debt and other essentials to be able to afford a house ? If not then your just conning people and the government

  • @cynthiamarquez3370

    @cynthiamarquez3370

    5 жыл бұрын

    The old formula was that housing should be a quarter to a third of net income

  • @davidearle7209

    @davidearle7209

    5 жыл бұрын

    Most architects use affordable when referring to middle class housing. I believe there should be "sustainable low income housing". Affordable housing for the lower class. It's my mission to create green houses that low income families can live in.

  • @otienomichael2010

    @otienomichael2010

    5 жыл бұрын

    @@davidearle7209 hi Craig how far have gone with this. Would like to have a chat with you.

  • @OReily08080

    @OReily08080

    3 жыл бұрын

    @@davidearle7209 same, i want to pursue, that. I’m not talking about middle class, but people literally on the street

  • @davidearle7209

    @davidearle7209

    3 жыл бұрын

    Elle me too, I would love to create free housing for the homeless. Something that breaks all the rules.

  • @thomasmurray4717
    @thomasmurray47175 жыл бұрын

    Kind of like reservations.

  • @MatthewMartinDean
    @MatthewMartinDean3 жыл бұрын

    so the solution is to irrationally become an affordable home developer? we can't rely on lots of people doing something irrational. ("smart people" stay out of landlording for low income residents)

  • @augukern9708

    @augukern9708

    3 жыл бұрын

    What do you mean

  • @deb9784

    @deb9784

    3 жыл бұрын

    What a compassionate comment! Discriminatory too I'd say! Afterall, can't judge everyone the same, can we?

  • @Phil3-12
    @Phil3-123 жыл бұрын

    If real estate developers and the government really wanted to help the people and the economy, the government would tell the real estate developers that they can no longer sell their homes, their rentals, their apartments or their condos unless they're no longer in business to support the residents but they can continue to build more if they're able to manage the upkeep of their current properties. This would keep the banks and people who are only interested in an investment for a return to stay away and allow the true developers to expand and house the people in need. It would also help to keep prices low and manageable for the developers tenants without the fear of banks or greedy investors raising the price for personal gain. Is this socialism or common sense that should be practiced in any form of governing for the people and by the people? If the government or developers had any morals than this would be standard practice.

  • @sunnymak4460
    @sunnymak44603 жыл бұрын

    i wonder what this man is doing now... has he had any success?

  • @georgewagner7787
    @georgewagner778710 ай бұрын

    In general, I'm not in favor of reparations but this seems like a case for it

  • @glenbegin9152
    @glenbegin91523 жыл бұрын

    Why bring affordable housing to the neighborhoods and not bring the neighborhoods to affordable housing?

  • @deb9784

    @deb9784

    3 жыл бұрын

    The neighborhoods will find the affordable housing. Counties, cities, and non profits will make them aware!

  • @glenbegin9152

    @glenbegin9152

    3 жыл бұрын

    @@deb9784 No they wont. Cannot find them for the past 20-30 years. If people are paying more than a 3rd of there income just to housing? It's not affordable. Don't forget most people have children. daycare, food , utilities waste disposal bills too. Plus there's auto expenses too unless you ride a bike or walk to work?

  • @nathanielcarreon5634
    @nathanielcarreon56344 жыл бұрын

    Affordable housing is an oxymoron. It does not exists in nice areas.

  • @pyrosp41
    @pyrosp415 жыл бұрын

    This example that hes giving are practices that were happening in the 30's and 40's probably 50's also, but these regulations arien't in practice today. It's funny that people think that to fix this we need more government, how about we make it that the government can't control this kind of stuff, and let the market decide things.

  • @divisionagentbailey6727

    @divisionagentbailey6727

    5 жыл бұрын

    Joseph Thomas “The regulations aren’t in practice today” ok the regulations aren’t. But the practice of systematic racism still is

  • @crusindc5282

    @crusindc5282

    5 жыл бұрын

    Joseph: Buying a house after WWII was different because part of the GI Bill included the ability of veterans to buy houses. This allowed many Baby Boomers to grow up in homes their parents were buying. Instead of demolishing houses when a popular area turned commercial, the houses were loaded on trucks, moved into rural areas, and set up on 1' cubical concrete with utility crawl space open underneath. On the West Coast a rural house could be bought for $5,000. An urban house could be bought fir $10,000 on the GI Bill. Family stability is encouraged by housing. If families could afford housing, more of them would stay together. Real estate monopoly creates numerous single parent families on federal benefits.

  • @deb9784

    @deb9784

    3 жыл бұрын

    So that's worked out real well, hasn't it. Why don't you read a book The Color of Law? It will explain in greater detail how our laws have impacted people of color and restricted their ability to buy properties and increase wealth, while ensuring that Europeans had every opportunity even subsidized by the government after WWII.

  • @bmcsnutch1362
    @bmcsnutch13623 жыл бұрын

    Definitely rethink living next to section ape housing. It’s a nightmare.

  • @shellyt1891

    @shellyt1891

    2 жыл бұрын

    You're a mean, horrible person.

  • @aoeu256
    @aoeu2565 жыл бұрын

    What about moving to China or Vietnam? The rent over there is much much much cheaper, and no gas is needed for places serviced by trains. However, the Chinese won't hire blacks; but if your entrepreneurial you can create your own businesses.

  • @jaredrice354

    @jaredrice354

    4 жыл бұрын

    Really don’t know if telling the lower class to move to a different country is the proper way to look at it

  • @deb9784

    @deb9784

    3 жыл бұрын

    Really, Jared? Seriously! What a sad comment about your state of mind!

  • @circusboy90210
    @circusboy902106 жыл бұрын

    Tell the whole truth they have to live in multiple families per housing unit because they were poor racism is not responsible for everything

  • @olivierkatombe3374

    @olivierkatombe3374

    6 жыл бұрын

    Hard to accept that you come from hateful people ....well that another truth for you monster

  • @BiffcheeseSpinoccoli

    @BiffcheeseSpinoccoli

    6 жыл бұрын

    I guess you skipped the very long section that explained WHY they’re poor. Listen again.

  • @glantanem

    @glantanem

    5 жыл бұрын

    They are literally poor because of racism....

  • @OReily08080

    @OReily08080

    3 жыл бұрын

    @@glantanem THANK YOU, you literally said what no ONE gets.

  • @409raul
    @409raul5 жыл бұрын

    If ya'll don't like Murica, you can get out!!!

  • @shamerzaihan8638

    @shamerzaihan8638

    3 жыл бұрын

    The whites should go back to europe

  • @bonda_racing3579

    @bonda_racing3579

    3 жыл бұрын

    @@shamerzaihan8638 and @EyesofTheLion 11 those are the dumbest takes I ever hearded.

  • @OReily08080

    @OReily08080

    3 жыл бұрын

    @@bonda_racing3579 honestly

  • @shellyt1891

    @shellyt1891

    2 жыл бұрын

    I'd move from here, but what stops me is the safety of the USA bombing other countries and not our own.

  • @409raul
    @409raul7 жыл бұрын

    Yaawwn. Nobody cares.

  • @ngalvez65

    @ngalvez65

    6 жыл бұрын

    go away then....no need to comment.

  • @BiffcheeseSpinoccoli

    @BiffcheeseSpinoccoli

    6 жыл бұрын

    False. Every person affected by those unethical, bigoted practices cares deeply.

  • @ellencamano4197

    @ellencamano4197

    5 жыл бұрын

    and more people than those directly affected really do care, also!

  • @juliemead7366

    @juliemead7366

    4 жыл бұрын

    I care!

  • @deb9784

    @deb9784

    3 жыл бұрын

    I'm somebody, and I care! So your comment is not accurate!

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