GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 22 Sep 2018, 21:45

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.

Close

Request Expert Reply

Confirm Cancel

Investing in real estate would be a profitable venture at this time. A

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Math Expert
User avatar
V
Joined: 02 Sep 2009
Posts: 49303
Investing in real estate would be a profitable venture at this time. A  [#permalink]

Show Tags

New post 06 Jul 2018, 05:22
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

85% (01:27) correct 15% (01:37) wrong based on 78 sessions

HideShow timer Statistics

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, 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.

_________________

New to the Math Forum?
Please read this: Ultimate GMAT Quantitative Megathread | All You Need for Quant | PLEASE READ AND FOLLOW: 12 Rules for Posting!!!

Resources:
GMAT Math Book | Triangles | Polygons | Coordinate Geometry | Factorials | Circles | Number Theory | Remainders; 8. Overlapping Sets | PDF of Math Book; 10. Remainders | GMAT Prep Software Analysis | SEVEN SAMURAI OF 2012 (BEST DISCUSSIONS) | Tricky questions from previous years.

Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

DS: 1. DS tough questions; 2. DS tough questions part 2; 3. DS tough questions part 3; 4. DS Standard deviation; 5. Inequalities; 6. 700+ GMAT Data Sufficiency Questions With Explanations; 7 Tough and tricky exponents and roots questions; 8 The Discreet Charm of the DS; 9 Devil's Dozen!!!; 10 Number Properties set., 11 New DS set.


What are GMAT Club Tests?
Extra-hard Quant Tests with Brilliant Analytics

Senior Manager
Senior Manager
User avatar
G
Joined: 08 Jun 2013
Posts: 343
Location: India
Schools: INSEAD Jan '19
GMAT 1: 200 Q1 V1
GPA: 3.82
WE: Engineering (Other)
GMAT ToolKit User Premium Member
Re: Investing in real estate would be a profitable venture at this time. A  [#permalink]

Show Tags

New post 06 Jul 2018, 07:11
Premise : 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.

Conclusion : So invest in realty

So to undermine the Conclusion we need to prove that demand can be easily met with existing supply or demand figures are overestimated or supply figures are underestimated.

E) matches our prediction.

Posted from my mobile device
_________________

It seems Kudos button not working correctly with all my posts...

Please check if it is working with this post......

is it?....

Anyways...Thanks for trying :cool:

Senior Manager
Senior Manager
User avatar
G
Joined: 08 Jun 2013
Posts: 343
Location: India
Schools: INSEAD Jan '19
GMAT 1: 200 Q1 V1
GPA: 3.82
WE: Engineering (Other)
GMAT ToolKit User Premium Member
Re: Investing in real estate would be a profitable venture at this time. A  [#permalink]

Show Tags

New post 06 Jul 2018, 07:17
Premise : 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.

Conclusion : So invest in realty

So to undermine the Conclusion we need to prove that demand can be easily met with existing supply or demand figures are overestimated or supply figures are underestimated.

E) matches our prediction.

Posted from my mobile device
_________________

It seems Kudos button not working correctly with all my posts...

Please check if it is working with this post......

is it?....

Anyways...Thanks for trying :cool:

Intern
Intern
avatar
B
Joined: 15 May 2017
Posts: 25
GMAT ToolKit User CAT Tests
Re: Investing in real estate would be a profitable venture at this time. A  [#permalink]

Show Tags

New post 07 Jul 2018, 15:56
Hello Experts -
The question stem - Which of the following, if true, would undermine the validity of the investment advice in the paragraph above?
The only investment advice in the paragraph is "Investing in real estate would be a profitable venture at this time." All the other statements are facts.
which answer choice can weaken this? I am unable to find any of the choices right.
Please help!
Intern
Intern
avatar
B
Joined: 16 Dec 2017
Posts: 7
GMAT ToolKit User
Re: Investing in real estate would be a profitable venture at this time. A  [#permalink]

Show Tags

New post 08 Jul 2018, 20:20
Type Weaken question solve with this pattern for less time and quick response

"1. Understand logic and conclusion
2. A. if question is open ended - weaken the above passage or B. the question is saying weaken a specific part of passage by providing conclusion in the question stem ?
3.If B type - then Pre-think would only require thinking option which can weaken Logic. If A type - we need 2 prethink options one for logic and one for conclusion
4. Rule out option by glance and here you go."

In our case the question stem falls in option B - we just need to think for logic

What is logic here ? 85% are up for buying second homes. Pre-think

weaken would be - Either data is wrong or People say something but later only few does.

So answer E
Manager
Manager
User avatar
B
Joined: 03 Mar 2017
Posts: 101
CAT Tests
Re: Investing in real estate would be a profitable venture at this time. A  [#permalink]

Show Tags

New post 09 Jul 2018, 11:40
The conclusion is :-
Investing in real estate would be a profitable venture at this time.

We have to weaken this conclusion.

Option E does that.

(E) Only a quarter of those who claim that they want a second home actually end up purchasing one.
This says that only 25% of those who claim that they want a second home actually end up purchasing one. If less people will actually buy a new home then investing in real estate would be not a profitable venture at this time.

All other options don't address this fallacy.

D is strengthening. A,B and C are irrelevant.
_________________

--------------------------------------------------------------------------------------------------------------------------
All the Gods, All the Heavens, and All the Hells lie within you.

GMAT Club Bot
Re: Investing in real estate would be a profitable venture at this time. A &nbs [#permalink] 09 Jul 2018, 11:40
Display posts from previous: Sort by

Investing in real estate would be a profitable venture at this time. A

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Events & Promotions

PREV
NEXT


Copyright

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

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

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®.