“Blockbusting” – Rockland County, Monroe Woodbury, Jackson Township, Lakewood …

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DO NOT CALL THAT NUMBER UNLESS YOU WANT TO PERPETUATE POTENTIALLY SHADY PRACTICES!!!!!!!!!!!!

Are Realtors Really “Doing Their Jobs” When they “Find Sellers” for Their Buyers and then are “Selective” in the Shidduch????

A “Shidduch“is loosely translated as a matchmaking and interestingly, was a process used in a historical context to join introduce a woman and a man from families within different communities.
by LostMessiah, March 11, 2016

Blockbusting refers to the practice of introducing African American homeowners into previously all white neighborhoods in order to spark rapid white flight and housing price decline. Real estate speculators have historically used this technique to profit from prejudice-driven market instability.

HISTORY OF THE LEXICON

When the term “Blockbusting” came into regular Lexicon, it according to blackpast.org, originally referred to the practice of:

“African American homeowners into previously all white neighborhoods in order to spark rapid white flight and housing price decline. Real estate speculators have historically used this technique to profit from prejudice-driven market instability.

After intentionally placing an African American homeowner onto a block, speculators solicited white owners with tales of impending depreciation. Fearful residents often sold their homes to these speculators well below market value. As white residents began to flee in great numbers, other white residents sold their homes at even lower prices, thus further depressing housing prices in a self-fulfilling prophecy.”

See more at here.

With the Civil Rights Act (Fair Housing Act) of 1968 the practice of Blockbusting was OUTLAWED!

While the justification at the time is a sensitive topic because it originated in the distinct racism of the time, it not only created strife between whites and blacks during that era but also was a practice frowned upon as inequitable and dishonest to the whites in the community.

BLOCKBUSTING CONTINUES

In an article entitled, “‘Blockbustin’ pressures Rockland homeowners” in Lohud, Naomi Striker of Realty Teams in Pomona claims to be “just doing her job.” However, as homeowners who are victims to this practice can attest, it can be relentless, intimidating and beyond that, outright disturbing. We are gathering list of offenders to publish, in the Rockland County, Lakewood, New Jersey and Monroe-Woodbury area and we urge our readers to consider the agencies before deciding to see their homes.

LostMessiah, following research of our own, can attest to the blockbusting techniques of Mark1 Realty, Realty Teams, Imperial.  Some towns like Toms River, New Jersey have recently approved a five-year ban in door-to-door solicitation.

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Other towns are offering lawn signs that state that no solicitation is allowed. We invite you to send along other names of Realtors who are known for these practices.

We suggest if you want to keep your towns and prevent this practice, you consider following suite.

 

2 thoughts on ““Blockbusting” – Rockland County, Monroe Woodbury, Jackson Township, Lakewood …

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