Search results
People also ask
What is blockbusting in real estate?
Where did the term blockbusting come from?
What is 'blockbusting' in Chicago?
What is a blockbusting movie or book?
Is blockbusting profitable?
What was 'blockbusting' – real estate profiteering?
Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods.
Aug 18, 2023 · The meaning of BLOCKBUSTING is profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of depressed values because of threatened minority encroachment and then reselling at inflated prices.
Dec 6, 2022 · Definition. Blockbusting in real estate is the illegal practice of convincing homeowners that their neighborhood is undergoing a significant change in demographics—typically portrayed as negative—so that they will sell or rent their homes at lower-than-market-value prices.
BLOCKBUSTING definition: 1. (usually of a book or film) very successful or popular and making a lot of money: 2. the…. Learn more.
Definition. Blockbusting is a real estate practice where agents or investors persuade homeowners to sell their properties at a lower price by instilling fear that people of a different race or ethnicity will soon move into the neighborhood.
Blockbusting definition: the profiteering real-estate practice of buying homes from white majority homeowners below market value, based on the implied threat of future devaluation during minority integration of previously segregated neighborhoods.. See examples of BLOCKBUSTING used in a sentence.
blockbusting in American English. (ˈblɑkˌbʌstɪŋ) noun. the profiteering practice by unscrupulous real-estate agents or speculators of reselling or renting homes that they obtain by inducing panic selling at prices below value, esp. by exploiting racial prejudices.
