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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.
The real estate business practice of "blockbusting" was a for-profit catalyst for white flight, and a means to control non-white migration. By subterfuge, real estate agents would facilitate black people buying a house in a white neighborhood, either by buying the house themselves, or via a white proxy buyer, and then re-selling it to the black ...
The process of “blockbusting” was a national phenomenon. But, the practice of contract selling reached its peak in North Lawndale, where an estimated 3,000 buildings were sold on contract. This contributed to the neighborhood's population changing from 87% white in 1950 to 91% black in 1960.
Racial segregation in Atlanta has known many phases after the freeing of the slaves in 1865: a period of relative integration of businesses and residences; Jim Crow laws and official residential and de facto business segregation after the Atlanta Race Riot of 1906; blockbusting and black residential expansion starting in the 1950s; and gradual integration from the late 1960s onwards.
Blockbusting is a two-player game in which players alternate choosing squares from a line of squares, with one player aiming to choose as many pairs of adjacent squares as possible and the other player aiming to thwart this goal. Elwyn Berlekamp introduced it in 1987, as an example for a theoretical construction in combinatorial game theory. [1 ...
Among the asserted practices was that Keefe attempted to generate sales by panicking white homeowners into selling at below-market prices by suggesting that African Americans would soon be living nearby, then selling the houses to African Americans at market value or higher (a practice known as blockbusting).
The relocation of so many African Americans from southern Albina because of the hospital project caused more white flight on the northern side of Albina, creating more opportunities for landlords use the tactic of blockbusting, or using the fear of racial turnover and property value decline to convince homeowners to sell at below-market prices ...
Housing discrimination in the United States refers to the historical and current barriers, policies, and biases that prevent equitable access to housing.Housing discrimination became more pronounced after the abolition of slavery in 1865, typically as part of Jim Crow laws that enforced racial segregation.