Generational Wealth Disparity

A relevant example of this is the residents of Chavez Ravine. After the land was forcibly taken by the Los Angeles Mayor and sold to Walter O'Malley to build the Dodgers Stadium, displaced people were left without homes and property. Without property to pass down generationally, these families could not accumulate wealth. The growing housing industry and the inflation rate have allowed properties to boom, w/o properties due to displacement-indigenous peoples have nowhere to live or property investment. Tackling this problem first requires that we provide indigenous families with property in some way. The housing market in the modern world requires at least a 10% down payment, and the average single-family household price ranges from 200,000-to 400,000 nationwide. So per family, that is at least $20,000 to $40,000 to even consider buying a house, let alone meeting the monthly principle. To address this issue, I propose two possible solutions: a) Providing that downpayment per household to at least meet the $20,000 downpayment. b) passing policy to excuse the downpayment. Additionally, these families would need a steady stream of income monthly to pay off their mortgage. Tuition-free college is available now for indigenous people. I think that a forward plan for increasing the job market will aid in this matter.