Home sales are expected to improve each quarter in 2021 compared with 2020, supported by a revival in the affordable segment led by middle-class buyers. While a second wave of Covid-19 could temporarily hit transactions, industry players believe affordability demand can recover to prior levels or higher. However, rising resale flat supply may soften the longer-term outlook.
Research by Jacob N. Shapiro suggests support for extremist groups in Pakistan is strongest among the middle class. The study argues that while poorer people are more visible among perpetrators of terrorism, middle-class households can better buffer themselves from its negative effects. As a result, they may provide more financial and social backing to extremist networks.
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