Blockbusting is an illegal practice where someone convinces homeowner to quickly sell their property below fair market value by scaring them into believing that their home values are about to plummet because a group of people of a certain race, religion, or national origin are moving into the neighborhood. True / False.

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Business

Giada Coleman

19 November, 06:51

Blockbusting is an illegal practice where someone convinces homeowner to quickly sell their property below fair market value by scaring them into believing that their home values are about to plummet because a group of people of a certain race, religion, or national origin are moving into the neighborhood. True / False.

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Lamont Braun · Answer 1

True

Explanation:

Blockbusting is grabbing the land of the real owners by deceiving them in terms like saying them that the surrounding land will be owned by uncivilized black people (a tastic used in some 1900s), religions that are threat to your coming offsprings and stuffs like that to emotionally force the white owner to sell their property at below fair value. Then later the land was sold to other customers at above fair value due to provision of facilities that were rare in those days.