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    Strategies and techniques for approaching featured GMAT topics

Property values in South Orange, New Jersey, have nearly doubled in th

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Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 23 Aug 2015, 09:14
1
2
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

54% (01:22) correct 46% (01:27) wrong based on 344 sessions

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Property values in South Orange, New Jersey, have nearly doubled in the last six years. South Orange is
located in Essex County, 17 miles from New York City.

Which of the following, if true, best explains the results described in the statement?

a. the proximity of South Orange to New York City
b. the completion of a direct rail line to New York City
c. the addition of 240 housing units in South Orange
d. improved schools and a renovated downtown in South Orange
e. the relocation of a major technical corporation to Union, New Jersey, two miles from South Orange
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Re: Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 31 Dec 2015, 06:55
anceer wrote:
Property values in South Orange, New Jersey, have nearly doubled in the last six years. South Orange is
located in Essex County, 17 miles from New York City.

Which of the following, if true, best explains the results described in the statement?

a. the proximity of South Orange to New York City
b. the completion of a direct rail line to New York City
c. the addition of 240 housing units in South Orange
d. improved schools and a renovated downtown in South Orange
e. the relocation of a major technical corporation to Union, New Jersey, two miles from South Orange


This came up as QOTD today, and yuck!

I think the goal of the question writer was to have the answer bridge the two facts, but nothing in the question stem suggests that.

We are asked to explain the results. Since the location is not a "result", we are actually being asked to explain why properly values have nearly doubled in the last 6 years. The only additional fact that we know is that it is 17 miles away from NYC.

A. It's location didn't change over the last 6 years, so this cannot explain the rise in property values. Definitely Incorrect
B. This could maybe explain an increase in property values because better transportation to a large city can make it more desirable for people to live there, but we don't know when it was completed and there are no other connecting facts, so its relevance is questionable. Possibly correct?
C. Additional housing would increase supply, which if anything might decrease property values. Definitely Incorrect
D. This could certainly explain an increase in property values because better schools and better downtown can make it more desirable to live there, but we don't know when this occurred and there are no other connecting facts, so its relevance is questionable. Possibly correct?
E. This could maybe explain an increase in property values because it likely means better and higher paying jobs in the area, which increases demand and the supply of money, but we don't know when this occurred and there are no other connecting facts, so its relevance is questionable. Possibly correct?

B, D, and E are all acceptable answers and there are no connecting facts to logically distinguish one as a more likely cause than the others, so this is a terrible question IMO.

Again, I think the author wanted the answer to have to connect the two facts, making B the most relevant, but there's nothing in the question to suggest having to do that. Without such a statement, the "17 miles away fact" is irrelevant to anything. This is a great example of why I tell students to avoid non-official questions.

(By the way, this is NOT an inference question, so it's tagged wrongly as well.)
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Re: Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 31 Dec 2015, 08:27
Really.. I am surprised that I got it correct. There were nothing I found to choose one among B, D, and E.
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Re: Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 31 Dec 2015, 09:28
The only reason I knocked out E is it didn't mention South Orange. Maybe the commute to Union sucks? Maybe South Orange has lower than average housing quality and the new tech company mostly employees highly compensated individuals? Not enough information to say without a doubt that a new company in Union means higher housing prices in South Orange.

That said, I guessed between B and D and got it wrong. I call BS. Better schools and a more attractive downtown are absolutely going to raise home prices. How is this wrong???
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Re: Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 02 Jan 2016, 10:34
We have to find option which best explains rise in property value.--
a. the proximity of South Orange to New York City - This won't rise rates as this fact was there even prior to 6 years.
b. the completion of a direct rail line to New York City - This can result in property rate increase and this also talks about a connection between two said cities,
c. the addition of 240 housing units in South Orange - - Not relevant. We can not conclude anything from this.
d. improved schools and a renovated downtown in South Orange - This may be a reason for value increase but this does not talk about New York which is mentioned in first sentence of problem.
e. the relocation of a major technical corporation to Union, New Jersey, two miles from South Orange -- This may be a reason for value increase but this does not talk about New York which is mentioned in first sentence of problem.


More likely answer is B
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Re: Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 08 Jan 2016, 12:50
which type of question is this
Flaw in reasoning, method of reasoning, evaluate the argument
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Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 09 Jan 2016, 05:44
I don't think you'd ever see this on the GMAT. I welcome someone to present a CR from Official Sources that is like this one.

E is a perfectly plausible answer, as is A and B.
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Re: Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post 16 Mar 2016, 18:03
anceer wrote:
Property values in South Orange, New Jersey, have nearly doubled in the last six years. South Orange is
located in Essex County, 17 miles from New York City.

Which of the following, if true, best explains the results described in the statement?


a. the proximity of South Orange to New York City
South Orange was close to NYC for more than 6 years..so not good.

b. the completion of a direct rail line to New York City
hm..so SO is connected to NYC. more people would chose to live in suburbs and work in NYC...so more people would come to SO to live..thus..as per supply and demand law, the price would go up. looks good.

c. the addition of 240 housing units in South Orange
more houses -> increase in supply -> what about demand? what if it is the same? if yes - this would decrease the prices..so no.

d. improved schools and a renovated downtown in South Orange
definitely out. otherwise why would it give us info about NYC?

e. the relocation of a major technical corporation to Union, New Jersey, two miles from South Orange
same as in d, why would the argument then give info about NYC?
moreover, the relocation is a one time procedure..so the corporation would buy properties..and that's it..it does not mean that it would continue to buy properties, or that the people were relocated to SO, or etc..since way too many assumptions are needed for this answer choice to be true..it is not a correct answer.
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Property values in South Orange, New Jersey, have nearly doubled in th  [#permalink]

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New post Updated on: 27 Feb 2018, 05:34
Property values in South Orange, New Jersey, have nearly doubled in the last six years. South Orange is
located in Essex County, 17 miles from New York City.

Which of the following, if true, best explains the results described in the statement?

a. the proximity of South Orange to New York City

b. the completion of a direct rail line to New York City

c. the addition of 240 housing units in South Orange

d. improved schools and a renovated downtown in South Orange

e. the relocation of a major technical corporation to Union, New Jersey, two miles from South Orange

Originally posted by abhigulia3006 on 27 Feb 2018, 01:32.
Last edited by Vyshak on 27 Feb 2018, 05:34, edited 1 time in total.
Topic Merged. Refer to the above discussions.
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Property values in South Orange, New Jersey, have nearly doubled in th &nbs [#permalink] 27 Feb 2018, 01:32
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