A practice done by racist rich white people when a minority moves into their neighborhood. These people sell their houses for almost nothing so they can get out of the neighborhood with the black person because they are racist and can afford it. This is illegal in many states/countries.
That black guy is buying the house next to me? Forget it, I'm block-busting my way out of here.
by h it February 01, 2007
The definition given is not accurate. Block-busting usually occurred in fringe neighborhoods, not in neighborhoods with rich white people. Aggressive realtors encouraged middle-class or poorer whites to sell because black families were moving in down the street or around the corner. The New York City metropolitan area has many good examples of block-busting. From Brooklyn to Monmouth County, N.J. From Newark to Parsippany, N. J.
Officials from XYZ Realty Company have been charged with illegal block-busting.
by A. S. Cobb January 14, 2016