blockbusting

blockbusting
block·bust·ing n: profiteering by inducing property owners to sell hastily and often at a loss by appeals to fears of lowered values because of threatened minority encroachment and then reselling at inflated prices
◇ Many states have statutes prohibiting blockbusting by real estate agents.

Merriam-Webster’s Dictionary of Law. . 1996.

blockbusting
v. The inducement of people by a real estate agent to sell real property quickly, and frequently for less than what the property is worth, by spreading rumors about ethnic minorities moving into the neighborhood and thereby generating business for the real estate agent. This practice is outlawed by many state laws as well as by the federal Fair Housing Act of 1968.

Webster's New World Law Dictionary. . 2000.


blockbusting
The practice of illegally frightening homeowners by telling them that people who are members of a particular race, religion, or national origin are moving into their neighborhood and that they should expect a decline in the value of their property. The purpose of this scheme is to get the homeowners to sell out at a deflated price.

Dictionary from West's Encyclopedia of American Law. 2005.


blockbusting
The practice of illegally frightening homeowners by telling them that people who are members of a particular race, religion, or national origin are moving into their neighborhood and that they should expect a decline in the value of their property. The purpose of this scheme is to get the homeowners to sell out at a deflated price.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • Blockbusting — was a practice used by real estate agents and developers in the United States to encourage white property owners to sell their homes by giving the impression that minority groups (such as African Americans) were moving into their previously… …   Wikipedia

  • Blockbusting — Saltar a navegación, búsqueda El proceso de blockbusting fue una práctica empleada por empresas inmobiliarias y promotores en los Estados Unidos con el fin de fomentar la venta de propiedades en manos de blancos, bajo la impresión que minorías,… …   Wikipedia Español

  • blockbusting — ☆ blockbusting [bläk′bus΄tiŋ ] n. Informal the practice of inducing homeowners in a particular neighborhood to sell their homes quickly, often at a loss, by creating the fear that actual or prospective purchases by members of a minority group… …   English World dictionary

  • blockbusting — ▪ I. blockbusting block‧bust‧ing 1 [ˈblɒkˌbʌstɪŋ ǁ ˈblɑːk ] adjective [only before a noun] a blockbusting film, book, or performance has high sales and is usually full of action or adventure but is not very serious: • a blockbusting sci fi… …   Financial and business terms

  • blockbusting — Defined by (Blockbusting in Baltimore, 1994) as ‘the intentional action of a real estate speculator to place an African American resident in a house on a previously all white block for the express purpose of panicking whites into selling for the… …   Dictionary of sociology

  • blockbusting — [[t]blɒ̱kbʌstɪŋ[/t]] ADJ: ADJ n A blockbusting film or book is one that is very successful, usually because it is very exciting. [JOURNALISM, INFORMAL] ...the blockbusting sci fi movie Suburban Commando …   English dictionary

  • blockbusting — blockbuster ► NOUN informal ▪ a film or book that is a great commercial success. DERIVATIVES blockbusting adjective …   English terms dictionary

  • blockbusting — noun Date: 1954 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 …   New Collegiate Dictionary

  • blockbusting — /blok bus ting/, n. the profiteering practice by unscrupulous real estate agents or speculators of reselling or renting homes that they obtain by inducing panic selling at prices below value, esp. by exploiting racial prejudices. [1940 45; BLOCK… …   Universalium

  • blockbusting — noun A technique used to encourage people to sell their property by giving the impression that a neighborhood is changing for the worse, especially by implying a change in its racial makeup See Also: blockbuster …   Wiktionary

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