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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.
Following World War II, Chicago's South Side had become increasingly overcrowded as African Americans moved from the South in the second wave of the Great Migration.Unable to attain decent and sanitary housing in white neighborhoods because of racially restrictive real estate covenants and mortgage redlining by the Federal Housing Administration (FHA), African Americans were confined to the ...
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 ...
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Among other discussions, the book provides a history of subsidized housing and discusses the phenomenons of white flight, blockbusting, and racial covenants, and their role in housing segregation. Rothstein wrote the book while serving as a research associate for the Economic Policy Institute , where he is now a Distinguished Fellow.
Blockbusting is an unethical business practice used in the United States real estate market. Blockbusting may also refer to: Blockbusting (game) , a combinatorial game in which players occupy cells on a 1 × n {\displaystyle 1\times n} strip
An analysis, by N.Y.U.'s Furman Center for Real Estate and Urban Policy, illustrated stark racial differences between the New York City neighborhoods where subprime mortgages were common and those where they were rare. The 10 neighborhoods with the highest rates of mortgages from subprime lenders had black and Hispanic majorities, and the 10 ...
The real estate industry in Bangladesh operates under various laws and regulations, including: Town Improvement Act, 1953: This act established Rajdhani Unnayan Kartripakkha (RAJUK) and gives it the authority to plan, develop, and expand Dhaka city, also granting the government powers to acquire land, construct buildings, and address issues of congestion and inadequate housing.