Social Security dollars could fuel another real estate boom
Julie from Hollywood
By Julie Brosterman, Friday, February 4, 2005.It's difficult to pick up a newspaper these days or turn on the news and not hear the talk, both pro and con, for privatization of the Social Security system – especially after Wednesday night's State of the Union address.
On the Westside of Los Angeles, where most people don't have to worry about their retirement dollars if the equity in their house continues to rise at this rate, the talk is whether or not the government will really allow people to invest the money however they want and whether real estate will be one of those benefactors.
"It could be a huge boom to
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