Blockbusting is the practice by certain financial institutions of designating an area of a city as being too risky and unprofitable to lend money to those who want to rebuild or refurbish buildings there.

Question

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Blockbusting is a practice where real estate agents and building developers would convince white property owners to sell their houses at low prices by promoting fear that racial minorities would soon be moving into the neighborhood, thus profiting by reselling at higher prices. The practice you described is more accurately referred to as "redlining."

Blockbusting Is the Practice by Certain Financial Institutions of Designating