Question

Corbin tells homeowners in Five Points that an impending influx of Asian immigrants will reduce property values.

Blockbusting is the practice of convincing homeowners that a demographic shift could result in reduced property values or the inability to sell their properties.

Answer 1

Blockbusting is the practice of real-estate agents and speculators playing on white fears by announcing their intention to sell a home in an all-white neighborhood to a minority family. This practice encourages white flight and allows speculators to buy homes at reduced prices and sell them at a higher markup to minority families.

Step-by-step explanation:

Blockbusting is the practice of real-estate agents and speculators playing on white fears by announcing their intention to sell a home in an all-white neighborhood to a minority family.

'This is done to encourage "white flight" and thereby allow speculators to purchase homes from panicked whites at prices well below the home's value.

These homes are then sold for a huge markup to minority families with few housing options.