Blockbuster

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Blockbuster

A real estate agent or company that convinces a homeowner to sell his/her property at a loss because racial and/or ethnic minorities are moving into the area. For example, a blockbuster may hire a Latino woman to walk around a neighborhood and act as though she lives there. Blockbusters seek both to profit from the resale of the house and to encourage people to buy homes in new developments. Blockbusting became common after desegregation, and became very controversial after its public exposure in the 1960s. By the 1980s, the practice had largely disappeared.
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