Find all School-related info fast with the new School-Specific MBA Forum

It is currently 20 Aug 2014, 20:42

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

In the 18th and 19th centuries, it was believed in many

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Director
Director
avatar
Joined: 02 Mar 2006
Posts: 582
Location: France
Followers: 1

Kudos [?]: 8 [0], given: 0

GMAT Tests User
In the 18th and 19th centuries, it was believed in many [#permalink] New post 30 Oct 2006, 03:33
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
In the 18th and 19th centuries, it was believed in many coastal American cities that the waterfront was an undesirable location for residential buildings. As a result, much of the waterfront in these cities was never developed aesthetically and was left to industry and commerce. Today, however, waterfront properties are generally seen as prestigious, as evidenced by the large sums paid for homes along the beach front. A developer who wishes to make a large profit would be wise to buy urban waterfront lots and erect residential buildings on them.

Which of the following, if true, most strongly supports the claim made about urban waterfront properties?


A People today have more money, relatively speaking, to spend on real estate than they did in previous centuries.
B People will be willing to spend large sums on properties in predominantly industrial or commercial districts.
C Many urban waterfront lots are available for purchase.
D Many coastal American cities are encouraging developers to rehabilitate the waterfront through tax incentives.
E Properties in interior residential districts in coastal American cities are significantly more expensive than those along the waterfront.
Senior Manager
Senior Manager
User avatar
Joined: 13 Jul 2006
Posts: 327
Followers: 1

Kudos [?]: 2 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 03:45
I am up for (D).A good profit can be made if tax incentives are provided too.
_________________

A well-balanced person is one who has a drink in each of his hands.

VP
VP
avatar
Joined: 15 Jul 2004
Posts: 1474
Schools: Wharton (R2 - submitted); HBS (R2 - submitted); IIMA (admitted for 1 year PGPX)
Followers: 15

Kudos [?]: 94 [0], given: 13

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 04:03
D for me too.
Senior Manager
Senior Manager
avatar
Joined: 17 Oct 2006
Posts: 439
Followers: 1

Kudos [?]: 9 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 04:38
No clarity but my guess is B.
VP
VP
User avatar
Joined: 21 Aug 2006
Posts: 1026
Followers: 1

Kudos [?]: 18 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 07:20
Had difficulty in deciding between B and D.

I would go with B.
_________________

The path is long, but self-surrender makes it short;
the way is difficult, but perfect trust makes it easy.

Manager
Manager
avatar
Joined: 29 Aug 2006
Posts: 158
Followers: 1

Kudos [?]: 1 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 12:27
In my opinion, D stands out.
Director
Director
avatar
Joined: 17 Jul 2006
Posts: 716
Followers: 1

Kudos [?]: 8 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 12:27
ak_idc wrote:
Had difficulty in deciding between B and D.

I would go with B.



Yes caught between B and D.

tax incentive never discussed in the passage.

B seems right.
Manager
Manager
User avatar
Joined: 31 Aug 2006
Posts: 213
Followers: 1

Kudos [?]: 2 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 12:29
sangarelli wrote:
I am up for (D).A good profit can be made if tax incentives are provided too.


(D)
Hey sangarelli ,
nice to see you after long time:)...Do hang around with your intellectual posts
Director
Director
avatar
Joined: 24 Aug 2006
Posts: 754
Location: Dallas, Texas
Followers: 5

Kudos [?]: 26 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 18:37
only way homebulders can make large amount of money is when there are buyers who are willing to pay the premium ...

(B)
_________________

"Education is what remains when one has forgotten everything he learned in school."

Manager
Manager
avatar
Joined: 29 Jul 2006
Posts: 92
Followers: 1

Kudos [?]: 0 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 19:27
Agree on reasoning for B
Senior Manager
Senior Manager
User avatar
Joined: 28 Aug 2006
Posts: 302
Followers: 10

Kudos [?]: 76 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 21:31
Director
Director
avatar
Joined: 01 Oct 2006
Posts: 500
Followers: 1

Kudos [?]: 16 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 22:00
My Pick Is B
Manager
Manager
avatar
Joined: 04 May 2006
Posts: 173
Location: paris
Followers: 1

Kudos [?]: 1 [0], given: 0

GMAT Tests User
 [#permalink] New post 30 Oct 2006, 22:54
B
Will be willing... does not explain why people now prefer the watertfront properties

D
Is tempting , though nothing is mentioned about taxes...

I guess the actual reason is the "quality of life" on waterfront instead of Urban areas. ( no option like this)

I bet on D
_________________

time is not on my side

Director
Director
User avatar
Joined: 09 Oct 2005
Posts: 728
Location: Madrid
Followers: 3

Kudos [?]: 11 [0], given: 0

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 02:48
between B and D I ll take D
_________________

IE IMBA 2010

VP
VP
avatar
Joined: 15 Jul 2004
Posts: 1474
Schools: Wharton (R2 - submitted); HBS (R2 - submitted); IIMA (admitted for 1 year PGPX)
Followers: 15

Kudos [?]: 94 [0], given: 13

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 03:16
Swagatalakshmi wrote:
only way homebulders can make large amount of money is when there are buyers who are willing to pay the premium ...

(B)


The stem states that "Today, however, waterfront properties are generally seen as prestigious, as evidenced by the large sums paid for homes along the beach front. "

Thus it can be presumed that people are already willing to pay. D enriches the argument by saying that the developers have a tax incentive too.

Unless this is an LSAT question that has its own bizarre reasoning much beyond the comprehension of lesser mortals like I, I would stick with D
VP
VP
User avatar
Joined: 25 Jun 2006
Posts: 1176
Followers: 2

Kudos [?]: 36 [0], given: 0

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 04:48
D. 2
VP
VP
User avatar
Joined: 21 Aug 2006
Posts: 1026
Followers: 1

Kudos [?]: 18 [0], given: 0

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 04:53
dwivedys wrote:
Swagatalakshmi wrote:
only way homebulders can make large amount of money is when there are buyers who are willing to pay the premium ...

(B)


The stem states that "Today, however, waterfront properties are generally seen as prestigious, as evidenced by the large sums paid for homes along the beach front. "

Thats true with beach front. What about waterfront that is near industrial and commercial areas? (argument says: As a result, much of the waterfront in these cities was never developed aesthetically and was left to industry and commerce)

Thus it can be presumed that people are already willing to pay. D enriches the argument by saying that the developers have a tax incentive too.

Unless this is an LSAT question that has its own bizarre reasoning much beyond the comprehension of lesser mortals like I, I would stick with D

_________________

The path is long, but self-surrender makes it short;
the way is difficult, but perfect trust makes it easy.

Senior Manager
Senior Manager
User avatar
Joined: 11 Jul 2006
Posts: 385
Location: TX
Followers: 1

Kudos [?]: 6 [0], given: 0

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 11:00
I think its B

B states that people are willing to spend large sums on such properties. So the builders can sell them easily for a large profit.

D just talks about a tax incentive on developing such property. This is just an added bonus . But does not address the main point whether these properties would sell at a large profit.
VP
VP
avatar
Joined: 15 Jul 2004
Posts: 1474
Schools: Wharton (R2 - submitted); HBS (R2 - submitted); IIMA (admitted for 1 year PGPX)
Followers: 15

Kudos [?]: 94 [0], given: 13

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 11:16
Karl - Pls help us with the OA..
Senior Manager
Senior Manager
avatar
Joined: 19 Sep 2004
Posts: 371
Followers: 1

Kudos [?]: 2 [0], given: 0

GMAT Tests User
 [#permalink] New post 31 Oct 2006, 12:44
ak_idc wrote:
dwivedys wrote:
Swagatalakshmi wrote:
only way homebulders can make large amount of money is when there are buyers who are willing to pay the premium ...

(B)


The stem states that "Today, however, waterfront properties are generally seen as prestigious, as evidenced by the large sums paid for homes along the beach front. "

Thats true with beach front. What about waterfront that is near industrial and commercial areas? (argument says: As a result, much of the waterfront in these cities was never developed aesthetically and was left to industry and commerce)

Thus it can be presumed that people are already willing to pay. D enriches the argument by saying that the developers have a tax incentive too.

Unless this is an LSAT question that has its own bizarre reasoning much beyond the comprehension of lesser mortals like I, I would stick with D




Aboslutely...it's B

Saurabh Malpani
  [#permalink] 31 Oct 2006, 12:44
    Similar topics Author Replies Last post
Similar
Topics:
1 Like many other 18th-century mathematicians who compiled macjas 4 03 Jun 2012, 22:00
6 Experts publish their posts in the topic In the 18th and 19th centuries, it was believed in many cangetgmat 12 01 Apr 2012, 23:20
19th century GMAT LGOdream 0 24 Aug 2011, 05:02
1 In the 18th and 19th centuries, it was believed in many vscid 9 11 Mar 2010, 19:04
In the 18th and 19th centuries, it was believed in many mm007 12 03 Jun 2007, 18:23
Display posts from previous: Sort by

In the 18th and 19th centuries, it was believed in many

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page    1   2    Next  [ 23 posts ] 



cron

GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.