[Applause] Matt what the fours would look like what
Matt what the fours would look like what
Matt what the fours would look like what colors would the walls be what would the
colors would the walls be what would the
colors would the walls be what would the outside look like imagine every part of
outside look like imagine every part of
outside look like imagine every part of your dream home
your dream home
your dream home perhaps your dream house looked a little
perhaps your dream house looked a little
perhaps your dream house looked a little like this this house recently sold for
like this this house recently sold for
like this this house recently sold for $275,000 now what if I told you that
$275,000 now what if I told you that
$275,000 now what if I told you that each semester the average college
each semester the average college
each semester the average college student is paying for the equivalent of
student is paying for the equivalent of
student is paying for the equivalent of a $275,000 house but will not be owning
a $275,000 house but will not be owning
a $275,000 house but will not be owning that house anytime soon
that house anytime soon
that house anytime soon would you believe me let’s take a look
would you believe me let’s take a look
would you believe me let’s take a look according to the College Board the
according to the College Board the
according to the College Board the average college student will pay five
average college student will pay five
average college student will pay five thousand two hundred twenty dollars per
thousand two hundred twenty dollars per
thousand two hundred twenty dollars per semester just for housing now if we
semester just for housing now if we
semester just for housing now if we divide that number by four months it
divide that number by four months it
divide that number by four months it comes out to be about thirteen hundred
comes out to be about thirteen hundred
comes out to be about thirteen hundred dollars per month to make this
dollars per month to make this
dollars per month to make this comparable to a mortgage we use the
comparable to a mortgage we use the
comparable to a mortgage we use the current interest rate of around four
current interest rate of around four
current interest rate of around four percent and calculated out for 30 years
percent and calculated out for 30 years
percent and calculated out for 30 years this turns out to be a two hundred
this turns out to be a two hundred
this turns out to be a two hundred seventy five thousand dollar house in
seventy five thousand dollar house in
seventy five thousand dollar house in other words the average college student
other words the average college student
other words the average college student really is paying for that house but
really is paying for that house but
really is paying for that house but isn’t getting the two hundred seventy
isn’t getting the two hundred seventy
isn’t getting the two hundred seventy five thousand dollar house I am
five thousand dollar house I am
five thousand dollar house I am passionate about liberating people
passionate about liberating people
passionate about liberating people financially that is my purpose that is
financially that is my purpose that is
financially that is my purpose that is my cause and that is my belief and when
my cause and that is my belief and when
my cause and that is my belief and when I notice how much these college students
I notice how much these college students
I notice how much these college students are paying for housing it just didn’t
are paying for housing it just didn’t
are paying for housing it just didn’t seem right to me
seem right to me
seem right to me it doesn’t seem right to me that so many
it doesn’t seem right to me that so many
it doesn’t seem right to me that so many people are stuck financially I realized
people are stuck financially I realized
people are stuck financially I realized that we had to do something different
that we had to do something different
that we had to do something different I noticed that since student housing
I noticed that since student housing
I noticed that since student housing costs are the second largest expense of
costs are the second largest expense of
costs are the second largest expense of a college education it’s also a major
a college education it’s also a major
a college education it’s also a major cause of student loan debt these student
cause of student loan debt these student
cause of student loan debt these student housing costs are the chains holding
housing costs are the chains holding
housing costs are the chains holding millions of students captive those
millions of students captive those
millions of students captive those chains inhibit potential and those
chains inhibit potential and those
chains inhibit potential and those chains prevent progress they really
chains prevent progress they really
chains prevent progress they really limit the future for everyone and to
limit the future for everyone and to
limit the future for everyone and to prove this point let me tell you a story
prove this point let me tell you a story
prove this point let me tell you a story I met Rachel and my first day of work at
I met Rachel and my first day of work at
I met Rachel and my first day of work at my new job we were hired on at the same
my new job we were hired on at the same
my new job we were hired on at the same time at the local credit union
time at the local credit union
time at the local credit union right away I noticed Rachel’s work ethic
right away I noticed Rachel’s work ethic
right away I noticed Rachel’s work ethic and her determination she left home and
and her determination she left home and
and her determination she left home and was making do with what she had she was
was making do with what she had she was
was making do with what she had she was paying her way through college and was
paying her way through college and was
paying her way through college and was saving every penny that she could she’d
saving every penny that she could she’d
saving every penny that she could she’d been a maid for a hotel later she was a
been a maid for a hotel later she was a
been a maid for a hotel later she was a nanny for a family of 14 yes 14 she
nanny for a family of 14 yes 14 she
nanny for a family of 14 yes 14 she later got the job at the credit union
later got the job at the credit union
later got the job at the credit union however one thing surprised me Rachel
however one thing surprised me Rachel
however one thing surprised me Rachel was obviously very determined to finish
was obviously very determined to finish
was obviously very determined to finish college but one day Rachel told me that
college but one day Rachel told me that
college but one day Rachel told me that she had a quit college for a semester I
she had a quit college for a semester I
she had a quit college for a semester I asked her the reason why and she said
asked her the reason why and she said
asked her the reason why and she said that she couldn’t afford her housing
that she couldn’t afford her housing
that she couldn’t afford her housing costs I asked her the reason why and she
costs I asked her the reason why and she
costs I asked her the reason why and she said that that because of housing Casas
said that that because of housing Casas
said that that because of housing Casas were so substantial she had to she
were so substantial she had to she
were so substantial she had to she actually had to stay with her sister for
actually had to stay with her sister for
actually had to stay with her sister for that semester and could only take a
that semester and could only take a
that semester and could only take a couple of classes online a similar
couple of classes online a similar
couple of classes online a similar circumstance happened a semester later
circumstance happened a semester later
circumstance happened a semester later rachel has saved up almost enough money
rachel has saved up almost enough money
rachel has saved up almost enough money to go back to college the only thing
to go back to college the only thing
to go back to college the only thing holding her back was once again housing
holding her back was once again housing
holding her back was once again housing costs rachel learned that an apartment
costs rachel learned that an apartment
costs rachel learned that an apartment that she was interested in offered money
that she was interested in offered money
that she was interested in offered money for every friend referred show so she
for every friend referred show so she
for every friend referred show so she ended up referring three friends and
ended up referring three friends and
ended up referring three friends and saved $600 however without those
saved $600 however without those
saved $600 however without those referrals rachel would have had to sit
referrals rachel would have had to sit
referrals rachel would have had to sit on the sidelines of college once again
on the sidelines of college once again
on the sidelines of college once again the sad truth is that there are hundreds
the sad truth is that there are hundreds
the sad truth is that there are hundreds of thousands of students just like
of thousands of students just like
of thousands of students just like rachel who are burdened down by student
rachel who are burdened down by student
rachel who are burdened down by student housing costs perhaps you have a friend
housing costs perhaps you have a friend
housing costs perhaps you have a friend or a family member who has been in the
or a family member who has been in the
or a family member who has been in the same bleak circumstance maybe you’ve
same bleak circumstance maybe you’ve
same bleak circumstance maybe you’ve been there yourself
been there yourself
been there yourself whoever maybe we need to help these
whoever maybe we need to help these
whoever maybe we need to help these individuals we need to help these
individuals we need to help these
individuals we need to help these individuals and liberate those held
individuals and liberate those held
individuals and liberate those held captive now we don’t have to continue in
captive now we don’t have to continue in
captive now we don’t have to continue in the status quo we can break the bands of
the status quo we can break the bands of
the status quo we can break the bands of debt we can open the door of opportunity
debt we can open the door of opportunity
debt we can open the door of opportunity and the solution I believe is through
and the solution I believe is through
and the solution I believe is through housing cooperatives as I was working
housing cooperatives as I was working
housing cooperatives as I was working for be high federal credit union I had a
for be high federal credit union I had a
for be high federal credit union I had a thought
thought
thought what if student housing work
what if student housing work
what if student housing work like a credit union what if those that
like a credit union what if those that
like a credit union what if those that live there own the apartment and pooled
live there own the apartment and pooled
live there own the apartment and pooled their resources together could this
their resources together could this
their resources together could this provide a solution to the student
provide a solution to the student
provide a solution to the student housing crisis I began to do some
housing crisis I began to do some
housing crisis I began to do some research and found out that this idea is
research and found out that this idea is
research and found out that this idea is called a cooperative cooperatives have
called a cooperative cooperatives have
called a cooperative cooperatives have existed for nearly 200 years and the
existed for nearly 200 years and the
existed for nearly 200 years and the co-operative movement is credited to the
co-operative movement is credited to the
co-operative movement is credited to the Rockdale Society of a global pioneers
Rockdale Society of a global pioneers
Rockdale Society of a global pioneers this co-op was established during the
this co-op was established during the
this co-op was established during the Industrial Revolution and many of its
Industrial Revolution and many of its
Industrial Revolution and many of its members had been replaced by machines
members had been replaced by machines
members had been replaced by machines they’d lost their jobs they had trouble
they’d lost their jobs they had trouble
they’d lost their jobs they had trouble providing for their families so they
providing for their families so they
providing for their families so they decided to come together they decided to
decided to come together they decided to
decided to come together they decided to pool their resources together and they
pool their resources together and they
pool their resources together and they had a common goal their common goal was
had a common goal their common goal was
had a common goal their common goal was to provide a service rather than receive
to provide a service rather than receive
to provide a service rather than receive a profit as they pull their resources
a profit as they pull their resources
a profit as they pull their resources together this gave the members financial
together this gave the members financial
together this gave the members financial leverage that they otherwise would not
leverage that they otherwise would not
leverage that they otherwise would not have had by themselves this co-op also
have had by themselves this co-op also
have had by themselves this co-op also established principles that every other
established principles that every other
established principles that every other co-op follows today and as I realized
co-op follows today and as I realized
co-op follows today and as I realized that I wanted to see if those same
that I wanted to see if those same
that I wanted to see if those same principles could apply to housing and
principles could apply to housing and
principles could apply to housing and provide a solution so I began searching
provide a solution so I began searching
provide a solution so I began searching for housing cooperatives that were
for housing cooperatives that were
for housing cooperatives that were already functioning according to the New
already functioning according to the New
already functioning according to the New York Times around 80 percent of them of
York Times around 80 percent of them of
York Times around 80 percent of them of the Manhattan real estate market our
the Manhattan real estate market our
the Manhattan real estate market our housing cooperatives
housing cooperatives
housing cooperatives I also learned of the success of actual
I also learned of the success of actual
I also learned of the success of actual student housing cooperatives that are
student housing cooperatives that are
student housing cooperatives that are already functioning now according to
already functioning now according to
already functioning now according to u.s. news these percentages that I’m
u.s. news these percentages that I’m
u.s. news these percentages that I’m about to show you are what current
about to show you are what current
about to show you are what current students are saving as a respective
students are saving as a respective
students are saving as a respective universities through living at these
universities through living at these
universities through living at these student housing coops compared to
student housing coops compared to
student housing coops compared to regular housing so let’s take a look at
regular housing so let’s take a look at
regular housing so let’s take a look at Ohio State University forty-three
Ohio State University forty-three
Ohio State University forty-three percent at the University of Michigan 49
percent at the University of Michigan 49
percent at the University of Michigan 49 percent the University of California 59%
percent the University of California 59%
percent the University of California 59% and at the University of Florida 76
and at the University of Florida 76
and at the University of Florida 76 percent savings that’s absolutely
percent savings that’s absolutely
percent savings that’s absolutely amazing that’s like going to your
amazing that’s like going to your
amazing that’s like going to your favorite store finding something that
favorite store finding something that
favorite store finding something that you’ve been dying to get you find it for
you’ve been dying to get you find it for
you’ve been dying to get you find it for half off
half off
half off what do you do you buy it of course you
what do you do you buy it of course you
what do you do you buy it of course you can tell your spouse about it later
can tell your spouse about it later
can tell your spouse about it later I’m sure though they’d love to hear this
I’m sure though they’d love to hear this
I’m sure though they’d love to hear this story but the reason is because it is
story but the reason is because it is
story but the reason is because it is such a great deal and that’s what these
such a great deal and that’s what these
such a great deal and that’s what these housing cooperatives can do and not only
housing cooperatives can do and not only
housing cooperatives can do and not only can these housing cooperatives benefits
can these housing cooperatives benefits
can these housing cooperatives benefits students but they can also benefit many
students but they can also benefit many
students but they can also benefit many other people who struggle financially
other people who struggle financially
other people who struggle financially due to high housing costs this can solve
due to high housing costs this can solve
due to high housing costs this can solve financial crises for people around the
financial crises for people around the
financial crises for people around the world now I’m not suggesting that
world now I’m not suggesting that
world now I’m not suggesting that everyone has to live in housing co-op
everyone has to live in housing co-op
everyone has to live in housing co-op what I do believe however is that these
what I do believe however is that these
what I do believe however is that these coops these cooperatives are powerful
coops these cooperatives are powerful
coops these cooperatives are powerful vehicles in which we can liberate
vehicles in which we can liberate
vehicles in which we can liberate millions of people financially and that
millions of people financially and that
millions of people financially and that is my purpose that is my cause that is
is my purpose that is my cause that is
is my purpose that is my cause that is my belief and these housing co-ops are
my belief and these housing co-ops are
my belief and these housing co-ops are just one way to accomplish that belief
just one way to accomplish that belief
just one way to accomplish that belief because they can and do work and since
because they can and do work and since
because they can and do work and since these housing co-ops are working you may
these housing co-ops are working you may
these housing co-ops are working you may be wondering what are the key components
be wondering what are the key components
be wondering what are the key components that allow them to provide housing as
that allow them to provide housing as
that allow them to provide housing as such a reduced cost you may be wondering
such a reduced cost you may be wondering
such a reduced cost you may be wondering how do they even work just think of a
how do they even work just think of a
how do they even work just think of a group of penguins when the weather gets
group of penguins when the weather gets
group of penguins when the weather gets cold
cold
cold the Penguins huddled together
the Penguins huddled together
the Penguins huddled together cooperating in order to survive you know
cooperating in order to survive you know
cooperating in order to survive you know this metaphor could be quite literal
this metaphor could be quite literal
this metaphor could be quite literal here in Chile Rexburg I know as some of
here in Chile Rexburg I know as some of
here in Chile Rexburg I know as some of you may have with me on that one but the
you may have with me on that one but the
you may have with me on that one but the same idea applies to coops when everyone
same idea applies to coops when everyone
same idea applies to coops when everyone cooperates everyone benefits and that is
cooperates everyone benefits and that is
cooperates everyone benefits and that is the most essential idea just a group of
the most essential idea just a group of
the most essential idea just a group of people coming together with a common
people coming together with a common
people coming together with a common goal to provide a service rather than
goal to provide a service rather than
goal to provide a service rather than receive a profit and that’s how these
receive a profit and that’s how these
receive a profit and that’s how these housing cooperatives begin to start just
housing cooperatives begin to start just
housing cooperatives begin to start just like in the Rockdale pioneers example
like in the Rockdale pioneers example
like in the Rockdale pioneers example these coops begin with a common goal in
these coops begin with a common goal in
these coops begin with a common goal in mind they want to provide a service they
mind they want to provide a service they
mind they want to provide a service they want to solve a problem and so they form
want to solve a problem and so they form
want to solve a problem and so they form a nonprofit organization to start and
a nonprofit organization to start and
a nonprofit organization to start and they select a piece of real estate where
they select a piece of real estate where
they select a piece of real estate where they like to live at now funding for
they like to live at now funding for
they like to live at now funding for this property can be achieved through so
this property can be achieved through so
this property can be achieved through so many different ways there are so many
many different ways there are so many
many different ways there are so many different grants that are available and
different grants that are available and
different grants that are available and this is all done democratically as
this is all done democratically as
this is all done democratically as everyone as a member of the coop
everyone as a member of the coop
everyone as a member of the coop as I say once the property is purchased
as I say once the property is purchased
as I say once the property is purchased shares of the coop are purchased by the
shares of the coop are purchased by the
shares of the coop are purchased by the members now this share is similar to a
members now this share is similar to a
members now this share is similar to a leasing agreement in a way you don’t
leasing agreement in a way you don’t
leasing agreement in a way you don’t actually own the physical space where
actually own the physical space where
actually own the physical space where you live rather it gives you the right
you live rather it gives you the right
you live rather it gives you the right to live there and let you be a member of
to live there and let you be a member of
to live there and let you be a member of the coop once you’re living at the co-op
the coop once you’re living at the co-op
the coop once you’re living at the co-op you share the cost of living with the
you share the cost of living with the
you share the cost of living with the other members remember its to provide a
other members remember its to provide a
other members remember its to provide a service rather than receive a profit
service rather than receive a profit
service rather than receive a profit these costs are not profit driven as
these costs are not profit driven as
these costs are not profit driven as they are at other housing complexes
they are at other housing complexes
they are at other housing complexes that’s the difference and as you share
that’s the difference and as you share
that’s the difference and as you share those costs of living with the other
those costs of living with the other
those costs of living with the other members the possibilities of future
members the possibilities of future
members the possibilities of future improvements are also possible because
improvements are also possible because
improvements are also possible because that monthly cost that you have goes
that monthly cost that you have goes
that monthly cost that you have goes back into improving the coop all of that
back into improving the coop all of that
back into improving the coop all of that extra income goes back into benefiting
extra income goes back into benefiting
extra income goes back into benefiting the coop and benefiting its members so
the coop and benefiting its members so
the coop and benefiting its members so let’s say that after a few years you’ve
let’s say that after a few years you’ve
let’s say that after a few years you’ve saved up enough money to buy your own
saved up enough money to buy your own
saved up enough money to buy your own house so you can sell your share of the
house so you can sell your share of the
house so you can sell your share of the coop this could be at a higher price
coop this could be at a higher price
coop this could be at a higher price than you bought a for or it could be at
than you bought a for or it could be at
than you bought a for or it could be at a set price that the coop has
a set price that the coop has
a set price that the coop has established either way you end up
established either way you end up
established either way you end up recovering your initial investment or it
recovering your initial investment or it
recovering your initial investment or it could even make a profit now this is
could even make a profit now this is
could even make a profit now this is exactly why housing cooperatives are a
exactly why housing cooperatives are a
exactly why housing cooperatives are a powerful way to liberate people
powerful way to liberate people
powerful way to liberate people financially they can elevate people’s
financially they can elevate people’s
financially they can elevate people’s circumstances they can take them from
circumstances they can take them from
circumstances they can take them from the lowest points in their life and they
the lowest points in their life and they
the lowest points in their life and they can elevate them to higher places that
can elevate them to higher places that
can elevate them to higher places that they couldn’t have even dreamed about
they couldn’t have even dreamed about
they couldn’t have even dreamed about and that’s what I believe in I believe
and that’s what I believe in I believe
and that’s what I believe in I believe in helping those people because they’re
in helping those people because they’re
in helping those people because they’re all around us and they all need our help
all around us and they all need our help
all around us and they all need our help do you see the difference now do you see
do you see the difference now do you see
do you see the difference now do you see the difference of what the status quo is
the difference of what the status quo is
the difference of what the status quo is and where we could be I hope with that
and where we could be I hope with that
and where we could be I hope with that we can see that the benefits are
we can see that the benefits are
we can see that the benefits are possible but they are only possible if
possible but they are only possible if
possible but they are only possible if we do something about it we can’t just
we do something about it we can’t just
we do something about it we can’t just sit here and say well that’s a great
sit here and say well that’s a great
sit here and say well that’s a great idea we have to take action and there
idea we have to take action and there
idea we have to take action and there are so many ways that you too can be a
are so many ways that you too can be a
are so many ways that you too can be a part of this housing revolution we can
part of this housing revolution we can
part of this housing revolution we can all be a part of this movement you can
all be a part of this movement you can
all be a part of this movement you can learn more about housing cooperatives
learn more about housing cooperatives
learn more about housing cooperatives and educate yourself you can find an
and educate yourself you can find an
and educate yourself you can find an existing co-op and be a part of the
existing co-op and be a part of the
existing co-op and be a part of the revolution
revolution
revolution and also we can create our very own
and also we can create our very own
and also we can create our very own cooperative right here or wherever you
cooperative right here or wherever you
cooperative right here or wherever you might be and you can make a difference
might be and you can make a difference
might be and you can make a difference in so many people’s lives we just have
in so many people’s lives we just have
in so many people’s lives we just have to come together and cooperate now my
to come together and cooperate now my
to come together and cooperate now my hope is that you two will realize that
hope is that you two will realize that
hope is that you two will realize that change is possible it is within our
change is possible it is within our
change is possible it is within our grasp there are so many possibilities
grasp there are so many possibilities
grasp there are so many possibilities and so many people that we can help we
and so many people that we can help we
and so many people that we can help we just have to do something about it and
just have to do something about it and
just have to do something about it and many times we do nothing because we fear
many times we do nothing because we fear
many times we do nothing because we fear change we fear our own potential and to
change we fear our own potential and to
change we fear our own potential and to conclude my hope with this last quote
conclude my hope with this last quote
conclude my hope with this last quote this is one of my favorite quotes and I
this is one of my favorite quotes and I
this is one of my favorite quotes and I hope that this quote will spark and
hope that this quote will spark and
hope that this quote will spark and ignite the the fire in your hearts so
ignite the the fire in your hearts so
ignite the the fire in your hearts so that you too can make a difference
that you too can make a difference
that you too can make a difference because you really can you can make a
because you really can you can make a
because you really can you can make a difference and can liberate people
difference and can liberate people
difference and can liberate people financially in any way really so to
financially in any way really so to
financially in any way really so to conclude I want to share with you a
conclude I want to share with you a
conclude I want to share with you a quote from Benjamin Franklin now he was
quote from Benjamin Franklin now he was
quote from Benjamin Franklin now he was a man that knew about revolutions all
a man that knew about revolutions all
a man that knew about revolutions all too well and he said quote all mankind
too well and he said quote all mankind
too well and he said quote all mankind is divided into three classes those that
is divided into three classes those that
is divided into three classes those that are a moveable those that are movable
are a moveable those that are movable
are a moveable those that are movable and those that move close quote now my
and those that move close quote now my
and those that move close quote now my question to you tonight is are you a
question to you tonight is are you a
question to you tonight is are you a person that moves thank you
person that moves thank you
person that moves thank you [Applause]
”
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