Question

What practice did the Fair Housing Act of 1968 attempt to eliminate?

a) Steering
b) Dual Agency
c) Price Fixing
d) Blockbusting

Answer 1

The correct answer is D.) The Fair Housing Act of 1968 attempted to eliminate the practice of blockbusting, a real estate practice that played on white fears to encourage housing segregation.

Step-by-step explanation:

The Fair Housing Act of 1968 attempted to eliminate the practice of blockbusting.

Blockbusting was a practice used by realtors to play on white fears and convince white homeowners that the arrival of a black family in their neighborhood had devalued their homes. The realtors would then buy the properties at below market value and sell them to minority families at a marked-up price. The Fair Housing Act of 1968 made this practice illegal, but it had already caused significant damage through racial segregation and white flight.

Answer 2

The Fair Housing Act of 1968 aimed to eliminate the practice of blockbusting, where real estate agents exploited racial fears to manipulate housing prices for profit, fostering segregation and economic exploitation.

Step-by-step explanation:

Fair Housing Act of 1968

The Fair Housing Act of 1968 sought to eliminate the discriminatory practice of blockbusting. This nefarious tactic involved real estate agents and speculators inducing panic selling among white homeowners by suggesting that black families moving into the neighborhood would decrease property values. These homes were then purchased at deflated prices and resold at inflated rates to minorities, which fostered segregation and exploited both communities economically.

By banning such practices, along with other discriminatory acts such as redlining and unequal lending, the Fair Housing Act aimed to ensure that everyone had equal opportunity to own or rent a home irrespective of race, ethnicity, or national origin. However, despite the legislation, evidence of ongoing housing discrimination suggests that the legacy of these practices is still felt today.