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 the practice of real estate brokers convincing homeowners to sell their houses for low prices for fear that a neighborhood's socioeconomic demographics are changing and will decrease home values.
What is the best definition of blockbusting?
: 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.
What is blockbusting in geography?
Blockbusting: A process by which real estate agents convince white property owners to sell their houses at low prices because of fear that black families will soon move into the neighborhood .
What is another name for blockbusting in real estate?
First and foremost, blockbusting, also sometimes referred to as “ panic selling ,” is a discriminatory and illegal real estate practice. It involves convincing property owners to sell their homes based on the assumption that a new neighbor will change the socio-economic makeup of the neighborhood.
How does blockbusting impact a neighborhood?
Blockbusting also carried additional consequences beyond the immediate neighborhood . As more blacks moved in an area, an equal proportion of whites moved out, thereby stimulating demand for additional white-only housing in other areas of the city or in suburbs.
What did blockbusting lead to?
One of the long-term consequences of blockbusting was the onset of white flight and increased demand for white-only suburbs . As more black residents moved into areas, fleeing white residents looked to relocate to suburbs far from the “blighted” neighborhoods of inner cities.
What year did blockbusting start?
Pioneered by Oak Park in 1978 in the effort to manage suburban integration, such proposals were picked up by neighborhood groups on the Southwest and Northwest Sides in an attempt to maintain the racial status quo.
Is profit a factor in blockbusting?
§ 100.85 Blockbusting. (b) In establishing a discriminatory housing practice under this section it is not necessary that there was in fact profit as long as profit was a factor for engaging in the blockbusting activity . ...
What is blockbusting and redlining?
blockbusting. An illegal practice in which licensees or others encourage homeowners to sell because of an influx or expected influx of minorities into the area. redlining. The practice of a lender to refuse to lend in a specific area, often based on the minority makeup of the area.
Which of these is an example of blockbusting quizlet?
What is an example of blockbusting? An agent persuades a family to put their house on the market because ethic minority families are beginning to move into the neighborhood.
What was the most important centripetal force in Yugoslavia?
| Question Answer | The process when a group forcibly removes another group is called ethnic cleansing. | The most important centripetal force in Yugoslavia before its breakup was the common economic interests . | Balkanization refers to the breakdown of a state due to conflicts among nationalities. |
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What is the difference between steering and blockbusting in real estate?
Steering is guiding, encouraging, or inducing people in some way to move to or stay away from a certain area or neighborhood, and it's illegal . Overt steering is easy to understand and avoid. ... For example, if a couple asks to be shown houses “only in White neighborhoods” you can't accommodate them.
Who protects respa?
RESPA covers loans secured with a mortgage placed on one-to-four family residential properties . Originally enforced by the U.S. Department of Housing & Urban Development (HUD), RESPA enforcement responsibilities were assumed by the Consumer Financial Protection Bureau (CFPB) when it was created in 2011.
Which is probably the easiest way to own real property?
must be written. Which is probably the easiest way to own real property? ... community property .
What is puffery in real estate?
“Puffery” is an exaggerated or extravagant statement made for the purpose of attracting buyers to a particular product or service . ... Statements or terms of puffery are usually subjective opinions rather than objective representations of facts.
