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Ori, a robotic-furniture company based in New York and Boston, is building expandable apartment units that are designed to save residents space and money amid a growing national affordability crisis, Insider reports. The company is offering four types of expandable apartment designs ranging in price from 5,000 to $11,000: the pocket closet, pocket office, pocket studio, and cloud bed.

Transformable spaces offer a twist on traditional tiny homes with built-in adjustable furniture that can be expanded through the system's smart technology for use or concealed tightly to maximize square footage.

Ori's CEO said expandable apartments are long overdue. "Real estate is one of the oldest industries in the world, and it's hard to change the way things have always been done. Transformable spaces are not new, but they've been outdated and bespoke for far too long," he added.

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