What is one negative side of blockbusting practices?

Blockbusting practices often involve real estate agents or investors persuading homeowners to sell their properties at lower prices by promoting the idea that a particular demographic is moving into the neighborhood. This practice can exploit racial and ethnic biases, leading to significant tensions between different groups within the community. The influx of new residents can create fear among existing homeowners about declining property values and changes in the neighborhood’s character. As a result, rather than fostering a welcoming or inclusive environment, blockbusting typically exacerbates divisions and leads to conflict and mistrust among residents of differing backgrounds. The negative social consequences of such practices are profound, highlighting the importance of ethical standards in real estate transactions.