blockbusting

block·bust·ing

B0329600 (blŏk′bŭs′tĭng)n. Informal The practice of persuading white homeowners to sell quickly and usually at a loss by appealing to the fear that nonwhite groups will move into the neighborhood, causing property values to decline. The property is then resold at inflated prices.

blockbusting

(ˈblɒkˌbʌstɪŋ) n (Commerce) informal US the act or practice of inducing the sale of property cheaply by exploiting the owners' fears of lower prices if racial minorities live in the area

block•bust•ing

(ˈblɒkˌbʌs tɪŋ)

n. the practice of inducing homeowners to sell their properties at prices below value by exploiting fears that members of minority groups will be moving into the neighborhood, and then reselling these homes at inflated prices. [1940–45] block′bust`, v.t., v.i.

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.

An unscrupulous real estate agent will subsequently sell the vacated homes to minority group members at an inflated price, thereby obtaining a large profit. Fair access to housing is defeated by blockbusting.

blockbusting

Blockbusting

An unethical business practice in which a real estate agent convinces a homeowner to sell his/her property at a loss because racial and/or ethnic minorities are moving into the area. For example, a company may hire a Latino woman to walk around a neighborhood and act as though she lives there. Blockbusting was done both to profit from the resale of the house and to encourage people to buy homes in new developments. Blockbusting became common after desegregation, and became very controversial after its public exposure in the 1960s. By the 1980s, the practice had largely disappeared.

blockbusting

An illegal and discriminatory practice in which someone stampedes another into selling or granting a listing contract by trading on fears the neighborhood is changing with respect to race, sex, religion, color, disability, family status, or ancestry of the inhabitants. (For more detailed information,visit the U.S.Housing and Urban Development Web site at www.hud.gov and search on the term “blockbusting.”) See panic peddling.

单词	blockbusting
释义	blockbusting block·bust·ing B0329600 (blŏk′bŭs′tĭng)n. Informal The practice of persuading white homeowners to sell quickly and usually at a loss by appealing to the fear that nonwhite groups will move into the neighborhood, causing property values to decline. The property is then resold at inflated prices. blockbusting (ˈblɒkˌbʌstɪŋ) n (Commerce) informal US the act or practice of inducing the sale of property cheaply by exploiting the owners' fears of lower prices if racial minorities live in the area block•bust•ing (ˈblɒkˌbʌs tɪŋ) n. the practice of inducing homeowners to sell their properties at prices below value by exploiting fears that members of minority groups will be moving into the neighborhood, and then reselling these homes at inflated prices. [1940–45] block′bust`, v.t., v.i. Blockbusting 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. An unscrupulous real estate agent will subsequently sell the vacated homes to minority group members at an inflated price, thereby obtaining a large profit. Fair access to housing is defeated by blockbusting. blockbusting Blockbusting An unethical business practice in which a real estate agent convinces a homeowner to sell his/her property at a loss because racial and/or ethnic minorities are moving into the area. For example, a company may hire a Latino woman to walk around a neighborhood and act as though she lives there. Blockbusting was done both to profit from the resale of the house and to encourage people to buy homes in new developments. Blockbusting became common after desegregation, and became very controversial after its public exposure in the 1960s. By the 1980s, the practice had largely disappeared. blockbusting An illegal and discriminatory practice in which someone stampedes another into selling or granting a listing contract by trading on fears the neighborhood is changing with respect to race, sex, religion, color, disability, family status, or ancestry of the inhabitants. (For more detailed information,visit the U.S.Housing and Urban Development Web site at www.hud.gov and search on the term “blockbusting.”) See panic peddling.
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