In the 1950s, the city of Compton was nearly all-white. But by the 1970s, it had turned majority Black ...NPR Radio explains that Compton was a very nice and reasonably-priced place to live when it was all-White. Then Blacks moved in, with the assistance of real estate agents. Then the schools, parks, crime, and everything else got a lot worse, and property values went down.We're going to show you the forces responsible for this by visiting Compton in the 1960s. It's a city just south of downtown LA that was in the midst of transforming from all white to majority Black. ...
Oftentimes, when a neighborhood turns white, property values go up. And when a neighborhood turns Black, property values go down. ...
Real estate agents would tell these white homeowners that their houses were losing value by the day, so the homeowners would panic and sell.
CHANG: Then, those agents would turn around and sell those homes at inflated prices to Black buyers who were eager to make a start in better neighborhoods. ...
The really evil part of blockbusting, in my view, is that it perpetuated the notion that Black people in your neighborhood diminished value. And because of that perception, it became a self-fulfilling prophecy. ...
In 1950, one-fifth of 1% of Compton's entire population was non-white. Just 10 years later, the city was 40% Black.
This story has played out in many cities around the USA. Rarely is it so clearly blamed on real-estate agents encourging Blacks to move into White neighborhoods.
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