Illegal practice of inducing owners
to sell their homes (often at a deflated price)
by suggesting the ethnic or racial composition
of the neighborhood is changing, with the
implication that property values will decline
as a result. Also called: Panic Selling or Panic
Peddling.
Merriam-Webster Online Dictionary
blockbusting (noun) 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
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