Fair Housing
Blockbusting in New York is best described as:
APurchasing properties in bulk for investment
BInducing homeowners to sell by representing that the entry of protected class members into the neighborhood will cause property values to decline✓ Correct
CRefusing to make loans in certain geographic areas
DZoning changes that allow higher density development
Explanation
Blockbusting (also called panic selling) is an illegal practice where real estate agents or investors induce existing homeowners to sell by suggesting that the neighborhood is changing (due to race, religion, etc.) in a way that will decrease property values.
Related New York Fair Housing Questions
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