Blockbusting
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Blockbusting is a business process of U.S. real estate agents and building developers to convince white property owners to sell their house at low prices, which they do by promoting fear in those house owners that racial minorities will soon be moving into the neighborhood. The agents then sell those same houses at much higher prices to black families desperate to escape the overcrowded ghettos.
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See also
- Black flight
- Inclusionary zoning
- Institutional discrimination in the housing market
- Office of Fair Housing and Equal Opportunity
- Institutional racism
- Mortgage discrimination
- Planned shrinkage
- Racism
- Redlining
- Urban renewal
- White flight
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Blockbusting" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
