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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.
Notably, the formation of the Latin Kings in 1954 and the Simon City Royals in 1956, demographic shifts and homeowner fears exacerbated by blockbusting in 1962, [4] the Division Street riots in 1966, and finally the arrival of La Raza Nation in 1985; All in part serving as the impetus for the formation of subsequent gangs and a broader culture ...
A member of the State Fair Employment Practice Commission, the agency which enforced the Rumford Fair Housing Act, asserted that some members of the California Real Estate Association were promoting their initiative campaign to repeal the Rumford Fair Housing Act to continue blockbusting.
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).
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.
By 1950, the number of blacks had risen to 155,000, comprising about 55 percent of the population of Bedford–Stuyvesant. Over the next decade, real estate agents and speculators employed blockbusting to make quick profits. As a result, formerly middle-class white homes were turned over to poorer black families.
Perec "Peter" Rachman (16 August 1919 – 29 November 1962) was a Polish-born landlord who operated in Notting Hill, London, England, in the 1950s and early 1960s.He became notorious for his exploitation of his tenants, with the word "Rachmanism" entering the Oxford English Dictionary as a synonym for the exploitation and intimidation of tenants.
Linmark Associates, Inc. v. Township of Willingboro, 431 U.S. 85 (1977), was a case in which the Supreme Court of the United States found that an ordinance prohibiting the posting of "for sale" and "sold" signs on real estate within the town violated the First Amendment to the United States Constitution protections for commercial speech.