Coma America

In the United States, we have seen many methods developed over time to keep certain areas for specific racies through segregation. One of the most common was known as blockbusting. Thankfully, blockbusting is viewed as an unethical and illegal practice today. This article will describe exactly what it is, and what the diligent home buyer should look out for.Blockbusting, in a nutshell was a procedure used by unscrupulous real estate agents to encourage the relocation of minority families into the growing subburbs at a higher home price, and to help maintain racially segregated towns and neighborhoods. To do this, many previous real estate professionals used the following techniques.In the begining, the families living in the chosen suburban neighborhood was fooled into thinking that their neighborhood was being taken over by minorities moving in. This was accomplished by the real estate agents hiring blacks and other minority races to act as agent provocateurs. .



One of the simplest techniques utilized included hiring a young black couple to walk leisurely through a neighborhood that was predominately white. This would help convince the people living their that black were moving in, and their home values would soon be plummeting. Once a family in the area got concerned enough, they were encouraged to sell their home at a highly reduced price. Their home was then resold for a healthy profit to awaiting minority families. Next, the real estate industry would use the instance of a minority family moving into the neighborhood as “proof” that the previous white neighborhood was being overrun by minority families. This scare tactic was very effective in convincing the white community to move out of the area. At this time, the real estate developers, who instigated this scare tactic would then advertise to the remaining households how easy it would be to sell their home and move out to another predominately white neighborhood..



Westminster CO real estate, Fort Collins real estate, or anywhere in between, it’s pretty similar: Another scenario used was for homes to be bought up by developers and then not occuppied. Eventually the houses would fall in disrepair, and help to depreciate the value of the neighborhood. These techniques were often used to not only encourage white flight, but to also sell the same homes to other families at highly elevated prices. .



All this changed however, during the 1960s through media exposure, and the advent of laws such as the Fair Housing Act of 1968. By this point it become both illegal and highly unethical for real estate professional to say that minorities are moving in the area to artifically depreciate the homes in the neighborhood.. This provided the minorities, which were often sold properties at highly inflated prices to rescind the land contracts and get a fairer deal.



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