What Is An Example Of Blockbusting? Examples of blockbusting include: When real estate agents alert the members of a neighborhood that it is “changing” and that they should sell their property. Making house-by-house telephone calls urging member of a neighborhood that they should sell before their property values decrease. What is blockbusting sociology? Blockbusting is
Where Did Blockbusting Occur? The term blockbusting might have originated in Chicago, Illinois, where real estate companies and building developers used agents provocateurs. These were non-white people hired to deceive the white residents of a neighborhood into believing that black people were moving into their neighborhood. Where did blockbusting happen? Blockbusting took place routinely in
When Lending Institutions Deny Loans Because Of The Location It Is Called? Redlining. refusal to lend in certain areas, usually inner-city; the illegal practice of a lending institution’s denying loans or restricting their number for certain areas of a community. What is the term for a lender refusing to lend in a specific area? redlining.
What Does Steering In Real Estate Mean? What does steering in real estate mean? “Steering” is the practice of influencing a buyer’s choice of communities based upon one of the protected characteristics under the Fair Housing Act, which are race, color, religion, gender, disability, familial status, or national origin. What is the difference between redlining