The recent decline in land prices has hurt many institutions : GMAT Critical Reasoning (CR)
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# The recent decline in land prices has hurt many institutions

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Joined: 17 Jun 2008
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The recent decline in land prices has hurt many institutions [#permalink]

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10 Aug 2008, 23:09
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The recent decline in land prices has hurt many institutions that had invested heavily in real estate. Last year, before the decline began, a local college added 2,000 acres to its holdings. The college, however, did not purchase the land but received it as a gift. Therefore the price decline will probably not affect the college.
Which of the following, if true, casts most doubt on the conclusion above?
(A) The 2,000 acres that the college was given last year are located within the same community as the college itself.
(B) The college usually receives more contributions of money than of real estate.
(C) Land prices in the region in which the college is located are currently higher than the national average.
(D) Last year, the amount that the college allocated to pay for renovations included money it expected to receive by selling some of its land this year.
(E) Last year, the college paid no property taxes on land occupied by college buildings but instead paid fees to compensate the local government for services provided.

Im offen reluctant to select extreme and specific choices .!!!!so messed up here
hence i would like to know the line of reasoning in this CR
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11 Aug 2008, 00:19
spriya wrote:
The recent decline in land prices has hurt many institutions that had invested heavily in real estate. Last year, before the decline began, a local college added 2,000 acres to its holdings. The college, however, did not purchase the land but received it as a gift. Therefore the price decline will probably not affect the college.
Which of the following, if true, casts most doubt on the conclusion above?
(A) The 2,000 acres that the college was given last year are located within the same community as the college itself.
(B) The college usually receives more contributions of money than of real estate.
(C) Land prices in the region in which the college is located are currently higher than the national average.
(D) Last year, the amount that the college allocated to pay for renovations included money it expected to receive by selling some of its land this year.
(E) Last year, the college paid no property taxes on land occupied by college buildings but instead paid fees to compensate the local government for services provided.

Im offen reluctant to select extreme and specific choices .!!!!so messed up here
hence i would like to know the line of reasoning in this CR

A) -> Doesnt matter since land is gift
B) -> Out of place
C) -> Doesnt matter
D) -> This will affect college.
E) -> Out of place

IMO D)
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11 Aug 2008, 00:29
spriya wrote:
The recent decline in land prices has hurt many institutions that had invested heavily in real estate. Last year, before the decline began, a local college added 2,000 acres to its holdings. The college, however, did not purchase the land but received it as a gift. Therefore the price decline will probably not affect the college.
Which of the following, if true, casts most doubt on the conclusion above?
(A) The 2,000 acres that the college was given last year are located within the same community as the college itself.
(B) The college usually receives more contributions of money than of real estate.
(C) Land prices in the region in which the college is located are currently higher than the national average.
(D) Last year, the amount that the college allocated to pay for renovations included money it expected to receive by selling some of its land this year.
(E) Last year, the college paid no property taxes on land occupied by college buildings but instead paid fees to compensate the local government for services provided.

Im offen reluctant to select extreme and specific choices .!!!!so messed up here
hence i would like to know the line of reasoning in this CR

Clear D, Its the only choice that is relevant
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12 Aug 2008, 04:09
IMO D

A) The 2,000 acres that the college was given last year are located within the same community as the college itself.-NOT RELATED
(B) The college usually receives more contributions of money than of real estate.- NOT RELATED
(C) Land prices in the region in which the college is located are currently higher than the national average.-SUPPORTS THE CONCLUSION
(D) Last year, the amount that the college allocated to pay for renovations included money it expected to receive by selling some of its land this year.- CORRECT,COLLEGE WILL RECEIVE LESSER AMOUNT IF IT SELLS LAND THIS YEAR
(E) Last year, the college paid no property taxes on land occupied by college buildings but instead paid fees to compensate the local government for services provided.-NOT RELATED
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12 Aug 2008, 05:03
Only D affects the college. C support the conclusion, and A,B and E are out of discussion. Is D
Re: cr-real estate   [#permalink] 12 Aug 2008, 05:03
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