The real estate business practice of "blockbusting" was a for-profit catalyst for white flight, and a means to control non-white migration. By subterfuge, real estate agents would facilitate black people buying a house in a white neighborhood, either by buying the house themselves, or via a white proxy buyer, and then re-selling it to the black family. The remaining white inhabitants (alarmed by real estate agents and the local news media),[83] fearing devalued residential property, would quickly sell, usually at a loss. The realtors profited from these en masse sales and the ability to resell to the incoming black families, through arbitrage and the sales commissions from both groups. By such tactics, the racial composition of a neighborhood population was often changed completely in a few years.[84]
as i was walkin' down the street
ReplyDeletea pretty girl did i meet
and she was lookin' all so sweet
a just a angel from her head to her feet
i tell ya i was lookin' back to see
if she was lookin' back to see
if i was lookin' back at her
she wore such a beautiful smile
she must a been a beautiful child
whoa she was all so neat
a just a angel from her head to her feet
i tell ya i was lookin' back to see
if she was lookin' back to see
if i was lookin' back at her
her hair was curly shinin' black
her shoes and bag were just "a lack" [?]
she wore the very best of clothes
and also black and shiny nylon hose
i tell ya i was lookin' back to see
if she was lookin' back to see
if i was lookin' back at...
whoa you had a thing goin'
oh don't you know she was into somethin'
i tell you she was just so fine right now....
The real estate business practice of "blockbusting" was a for-profit catalyst for white flight, and a means to control non-white migration. By subterfuge, real estate agents would facilitate black people buying a house in a white neighborhood, either by buying the house themselves, or via a white proxy buyer, and then re-selling it to the black family. The remaining white inhabitants (alarmed by real estate agents and the local news media),[83] fearing devalued residential property, would quickly sell, usually at a loss. The realtors profited from these en masse sales and the ability to resell to the incoming black families, through arbitrage and the sales commissions from both groups. By such tactics, the racial composition of a neighborhood population was often changed completely in a few years.[84]
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