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# CR Revision: In the 18th and 19th centuries it was believed in many

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MBA Section Director
Joined: 19 Mar 2012
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Location: India
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CR Revision: In the 18th and 19th centuries it was believed in many [#permalink]

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14 Jan 2016, 03:38
2
5
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Difficulty:

65% (hard)

Question Stats:

56% (01:18) correct 44% (01:38) wrong based on 426 sessions

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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 instead 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. Homeowners will be willing to spend large sums on residential properties in traditionally 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.

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Re: CR Revision: In the 18th and 19th centuries it was believed in many [#permalink]

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14 Jan 2016, 04:46
1
souvik101990 wrote:
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 instead 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. Homeowners will be willing to spend large sums on residential properties in traditionally 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.

hi,
the para can be rephrased as-
earlier waterfront areas were not thought of as residential areas and thus only industrial and commercial ventures stareted here. However now things have changed and people are willing to pick up houses here.
conclusion property dealers, wanting to make profits, should create houses and earn profit..
Requirement most strongly supports the claim ..

lets see the choices:-

A. People today have more money, relatively speaking, to spend on real estate than they did in previous centuries.
this does not tell us "why in particular waterfront areas should be preferred

B. Homeowners will be willing to spend large sums on residential properties in traditionally industrial or commercial districts.
the catch here is traditionally industrial or commercial districts.. these is what waterfront areas fit into...CORRECT

C. Many urban waterfront lots are available for purchase.
It doe snot talk of "PROFIT"

D. Many coastal American cities are encouraging developers to rehabilitate the waterfront through tax incentives.
tax incentives alone cannot transform into large profits

E. Properties in interior residential districts in coastal American cities are significantly more expensive than those along the waterfront
we are not comparing anything..

ans B
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Re: CR Revision: In the 18th and 19th centuries it was believed in many [#permalink]

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15 Oct 2016, 11:01
chetan2u

I am torn between B & D. Isn't B just a restatement of the premise that we already have the buyer who are ready to pay larger sum. But D gives us the another component of the profit.
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Re: CR Revision: In the 18th and 19th centuries it was believed in many [#permalink]

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16 Oct 2016, 04:49
divyaverma wrote:
chetan2u

I am torn between B & D. Isn't B just a restatement of the premise that we already have the buyer who are ready to pay larger sum. But D gives us the another component of the profit.

Hi diya,

The problem with D is that it talks of MANY and not ALL...
Also tax incentives may not result in huge profit being talked of.
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Re: CR Revision: In the 18th and 19th centuries it was believed in many [#permalink]

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03 Sep 2017, 04:20
Between B & D
B. Homeowners will be willing to spend large sums on residential properties in traditionally industrial or commercial districts.

C. Many urban waterfront lots are available for purchase.

premise :-
1. waterfront properties are generally seen as prestigious.
2. large sums paid for homes along the beach front

There is no doubt that homeowner will be willing to spend large sum - option B is strengthening the premise.
It is already stated that large sum will be paid for these properties.

Further, on residential properties in traditionally industrial or commercial districts. :- Somehow it is also irrelevant to the fact that waterfront properties we are discussing here necessarily adjacent to traditional industrial or commercial district. ( much of the waterfront in these cities was never developed aesthetically and instead was left to industry and commerce. - We don't know if it is still the case.)
[color=#ff00ff]

While option D gives a reason to develop a property because there is a tax incentive. So less expense, more profit.

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Re: CR Revision: In the 18th and 19th centuries it was believed in many [#permalink]

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10 Sep 2017, 01:45
1
souvik101990 wrote:
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 instead 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. Homeowners will be willing to spend large sums on residential properties in traditionally 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.

Premises:

- Much of the waterfront was never developed aesthetically and instead was left to industry and commerce.
- Today, waterfront properties are generally seen as prestigious, as evidenced by the large sums paid for homes along the beach front

Conclusion:
To make a large profit, buy urban waterfront lots and erect residential buildings on them.

Much of the waterfront was developed as industry/commerce area. Today, residential properties along the beach are seen as prestigious. We don't know how many such current residential properties there are and how far they are from industry/commerce area. They could be very few and away from industry, we don't know.

We are concluding that to make a large profit, buy "urban" waterfront lots and make residential buildings. The "urban" waterfront would be industry/commerce area. We don't know whether people would be willing to pay large sums for residential places in these districts.

D. Many coastal American cities are encouraging developers to rehabilitate the waterfront through tax incentives.
Developers would be getting tax incentives to rehabilitate waterfront areas. So their cost might be lower than the cost of setting up residential properties inland. But to make profits, they will still need people to buy these properties. If people don't buy, whatever the cost may be, they may not be able to even recover that.

(B) is certainly better than (D).
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Re: CR Revision: In the 18th and 19th centuries it was believed in many   [#permalink] 10 Sep 2017, 01:45
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