How a Century of Racist Policies Made Ferguson Into a Pocket of Concentrated Despair

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14. Thank for this compelling essay on The Making of Ferguson from Joshua Holland, she.

Snip from your link.. Damn..

"Realtors engaged in a practice which came to be known as “blockbusting.” When a black family moved onto a block, like Adel Allen did in Kirkwood, the real estate agents would go door to door and try to panic their white neighbors into selling their homes at very reduced prices, with the idea that property values were going to be destroyed because African-Americans were moving into their neighborhood.

Those real estate agents then bought those properties at very low prices and resold them to African-Americans, who had to pay very high prices because they had no other housing options."