blockbusting

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block·bust·ing

(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)

(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.

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