What is the outcome of blockbusting typically aimed at?

What is the outcome of blockbusting typically aimed at?

• A. Increased property values
• B. Stirring fear and panic selling
• C. Promoting community diversity
• D. Improving property conditions

Answer: (B)

Blockbusting primarily aims to stir fear and panic selling among property owners. This unethical practice involves persuading homeowners to sell their properties quickly, usually at reduced prices, by instilling a fear that an influx of a different demographic group will cause property values to drop. Real estate agents or investors may exploit this fear to buy low from anxious sellers, and once they acquire these properties at a bargain, they often resell them at higher prices to those who are willing to purchase in the newly perceived 'deteriorating' neighborhood. This cycle can lead to significant dislocation within communities and perpetuates racial or economic segregation, contrary to promoting community diversity or improving property conditions.

Blockbusting primarily aims to stir fear and panic selling among property owners. This unethical practice involves persuading homeowners to sell their properties quickly, usually at reduced prices, by instilling a fear that an influx of a different demographic group will cause property values to drop. Real estate agents or investors may exploit this fear to buy low from anxious sellers, and once they acquire these properties at a bargain, they often resell them at higher prices to those who are willing to purchase in the newly perceived 'deteriorating' neighborhood. This cycle can lead to significant dislocation within communities and perpetuates racial or economic segregation, contrary to promoting community diversity or improving property conditions.