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The 55+ lifestyle homes are typically double-wide in size and they often include amenities such as built-in carports, porches, shingled roofs and granite countertops.
"For real estate, with long-life fixed assets, there is — literally — a real possibility a building might one day be underwater because of climate change," MSCI Research Executive Director Bryan Reid said.
Regarding the effect of the economic shift, Chase Jansen expects to see a shift to value for money where the economic downturn may lead to consumers demanding value of money across all retail sectors.