According to the Wall Street Journal, the rise of technologies that help the elderly stay in their homes threatens to upend one of commercial real estate’s biggest bets: Senior housing. While there is no question that there has been a boom in senior housing, especially in sun belt states like Arizona, new products and services include sensors that respond to a range of medical conditions, facial recognition for identifying visitors, and houses with malleable fixtures that can be adjusted as residents age. Also, More and more interactive technology will be available for seniors living at home. Venture capital and other firms are expected to invest about $1 billion dollars this year in these, and other so-called “aging in place” technologies. We’ll review an intriguing Wall Street Journal report on the topic, then Medicare expert Shelley Grandidge joins us. Don’t miss it–MASTERING MONEY is on the air!!
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