“Downsizing” of Housing and Lifestyles for a Low-Carbon Aging Society

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“Downsizing” is an emerging trend in home remodeling. It is driven by the aging of society, which causes households to grow in number while shrinking in size. This not only generates a housing mismatch, but puts undue stress on household budgets, and reduces energy efficiency of the household sector. We see downsizing as a versatile concept with broader implications for lifestyle alterations in the coming low-carbon, aging society.
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