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Interest in a 3,200-acre parcel of barren land in Welsh County has bee

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Interest in a 3,200-acre parcel of barren land in Welsh County has bee  [#permalink]

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New post 29 Jan 2019, 03:10
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Difficulty:

  85% (hard)

Question Stats:

52% (02:34) correct 48% (02:35) wrong based on 96 sessions

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Interest in a 3,200-acre parcel of barren land in Welsh County has been virtually nonexistent because it is not zoned for commercial use. A real estate developer, though, has created a business plan to convert the property into a low-grade airport that, when completed, would drive the value of the surrounding properties lower. Many local residents, therefore, are trying to pool their assets and buy the property outright.

Last week, the Welsh County town council voted to repeal the restriction in the town charter that prohibits all commercial development on parcels of land smaller than 5,000 acres.

The statements above, if true, best support which of the following conclusions?

A. The people who have property adjacent to the land in question will seek out other real estate developers who might want to use the land for other more aesthetically pleasing uses.

B. The Welsh County town council does not always act solely in the financial interest of town’s residents.

C. Though short-term property values will probably drop, the community will ultimately benefit when young families arrive to take advantage of the bargains.

D. If residents can persuade the town council to reconsider its decision, their property values will rise.

E. The original zoning laws in Welsh County were enacted because of pressure from the area’s wealthiest residents.

Kudos to best Explanation

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Re: Interest in a 3,200-acre parcel of barren land in Welsh County has bee  [#permalink]

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New post 29 Jan 2019, 05:11
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SajjadAhmad wrote:
Interest in a 3,200-acre parcel of barren land in Welsh County has been virtually nonexistent because it is not zoned for commercial use. A real estate developer, though, has created a business plan to convert the property into a low-grade airport that, when completed, would drive the value of the surrounding properties lower. Many local residents, therefore, are trying to pool their assets and buy the property outright.

Last week, the Welsh County town council voted to repeal the restriction in the town charter that prohibits all commercial development on parcels of land smaller than 5,000 acres.

The statements above, if true, best support which of the following conclusions?

A. The people who have property adjacent to the land in question will seek out other real estate developers who might want to use the land for other more aesthetically pleasing uses.

B. The Welsh County town council does not always act solely in the financial interest of town’s residents.

C. Though short-term property values will probably drop, the community will ultimately benefit when young families arrive to take advantage of the bargains.

D. If residents can persuade the town council to reconsider its decision, their property values will rise.

E. The original zoning laws in Welsh County were enacted because of pressure from the area’s wealthiest residents.

Kudos to best Explanation



IMO B

A. The people who have property adjacent to the land in question will seek out other real estate developers who might want to use the land for other more aesthetically pleasing uses. The only reaction of people mentioned in the stem is that they are trying to buy this property. There is no mention of other possible reactions such as to seek other interested real estate developers

B. The Welsh County town council does not always act solely in the financial interest of town’s residents.The town council must be aware that commercializing this property into an airport will lead to lowering of surrounding property values. Yet the council is paying no regard to the financial loss of people and lifting the restriction

C. Though short-term property values will probably drop, the community will ultimately benefit when young families arrive to take advantage of the bargains. Out of scope

D. If residents can persuade the town council to reconsider its decision, their property values will rise.Even if the residents persuade the town council to reconsider its decision it is not guranteed that property values will rise. The max that could happen is the values will remain same.

E. The original zoning laws in Welsh County were enacted because of pressure from the area’s wealthiest residents.Out of scope
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Re: Interest in a 3,200-acre parcel of barren land in Welsh County has bee   [#permalink] 29 Jan 2019, 05:11
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Interest in a 3,200-acre parcel of barren land in Welsh County has bee

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