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

It is currently 10 Jul 2014, 02:56

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

Investing in real estate would be a profitable venture at

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 22 May 2005
Posts: 141
Followers: 1

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

GMAT Tests User
Investing in real estate would be a profitable venture at [#permalink] New post 19 Jul 2005, 15:28
00:00
A
B
C
D
E

Difficulty:

  5% (low)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Investing in real estate would be a profitable venture at this time. A survey in House magazine revealed that 85% of the magazine’s readers are planning to buy a second home over the next few years. A study of the real estate industry, however, revealed that the current supply of homes could only provide for 65% of that demand each year.
Which of the following, if true, reveals a weakness in the evidence cited above?

(A) Real estate is a highly labor-intensive business.
(B) Home builders are not evenly distributed across the country.
(C) The number of people who want second homes has been increasing each year for the past ten years.
(D) Readers of House magazine are more likely than most people to want second homes.
(E) House magazine includes articles about owning a second home as well as articles about building a second home.



Which of the following, if true, would undermine the validity of the investment advice in the paragraph above?

(A) Some home owners are satisfied with only one home.
(B) About half of the people who buy homes are investing in their first home.
(C) About half of the people who buy homes have to take out a mortgage to do so.
(D) Only a quarter of the homes that are built are sold within the first two weeks.
(E) Only a quarter of those who claim that they want a second home actually end up purchasing one.
Director
Director
avatar
Joined: 18 Feb 2005
Posts: 674
Followers: 1

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

GMAT Tests User
 [#permalink] New post 19 Jul 2005, 16:28
E
E
SVP
SVP
User avatar
Joined: 05 Apr 2005
Posts: 1736
Followers: 3

Kudos [?]: 29 [0], given: 0

GMAT Tests User
Re: Lets discuss this CR... [#permalink] New post 19 Jul 2005, 21:14
D and E.
Senior Manager
Senior Manager
avatar
Joined: 29 Jun 2005
Posts: 403
Followers: 1

Kudos [?]: 14 [0], given: 0

GMAT Tests User
 [#permalink] New post 20 Jul 2005, 07:47
1.
Not (A). It doesn't provide any related information
Not (C). The same as A
Not (D). It clearly states, that current supply CANNOT meet even the demand of House readers, not mentioning that of other non-readers who want to buy a second home. Thus there will be a great home supply shortages which will make the price of the home rise and investment profitable.
Not (E). I can't find any clue that may bring us to (E).

There is only (B) left. Indeed, there may be many provinces where there are home builders shortages, which may make building new buildings impossible.


2. Only (E). Others are not convincing.

Sorry for my bad english.
Senior Manager
Senior Manager
avatar
Joined: 13 Jan 2005
Posts: 331
Followers: 1

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

GMAT Tests User
 [#permalink] New post 20 Jul 2005, 07:53
D & E

GA
Senior Manager
Senior Manager
avatar
Joined: 29 Jun 2005
Posts: 403
Followers: 1

Kudos [?]: 14 [0], given: 0

GMAT Tests User
 [#permalink] New post 20 Jul 2005, 08:23
What stands for GA?
Senior Manager
Senior Manager
avatar
Joined: 29 Jun 2005
Posts: 403
Followers: 1

Kudos [?]: 14 [0], given: 0

GMAT Tests User
 [#permalink] New post 21 Jul 2005, 10:14
So, what is OA?
Senior Manager
Senior Manager
avatar
Joined: 13 Jan 2005
Posts: 331
Followers: 1

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

GMAT Tests User
 [#permalink] New post 21 Jul 2005, 10:15
Dlishod,

GA is jus my initials.
Intern
Intern
avatar
Joined: 02 Apr 2005
Posts: 31
Location: Europe
Followers: 0

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

 [#permalink] New post 21 Jul 2005, 15:36
I vote for D and E.

Though, Dilshod's "not D" response made me think about it more.. I still prefer D to B.
  [#permalink] 21 Jul 2005, 15:36
    Similar topics Author Replies Last post
Similar
Topics:
Investing in real estate would be a profitable venture at crazy123 4 29 Jun 2007, 09:20
Investing in real estate would be a profitable venture at leeye84 2 16 Mar 2007, 15:17
Investing in real estate would be a profitable venture at jaypshah 4 14 Sep 2006, 08:12
1 Investing in real estate would be a profitable venture at sperinko 14 06 Aug 2006, 15:03
Investing in real estate would be a profitable venture at ywilfred 3 15 Oct 2005, 12:15
Display posts from previous: Sort by

Investing in real estate would be a profitable venture at

  Question banks Downloads My Bookmarks Reviews Important topics  


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®.