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# The recent decline in land prices has hurt many institutions

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Director
Joined: 08 Jun 2007
Posts: 546
The recent decline in land prices has hurt many institutions  [#permalink]

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Updated on: 06 Mar 2018, 07:21
2
00:00

Difficulty:

5% (low)

Question Stats:

90% (01:27) correct 10% (01:27) wrong based on 137 sessions

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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.

Originally posted by ashkrs on 08 Jan 2008, 13:19.
Last edited by broall on 06 Mar 2018, 07:21, edited 2 times in total.
SVP
Joined: 29 Mar 2007
Posts: 2421
Re: The recent decline in land prices has hurt many institutions  [#permalink]

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08 Jan 2008, 20:07
ashkrs 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.

Clear D.

If the university planned on selling the land for 100\$, but now can only sell for 50\$... its got a problem.
VP
Joined: 22 Nov 2007
Posts: 1040
Re: The recent decline in land prices has hurt many institutions  [#permalink]

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08 Jan 2008, 23:29
ashkrs 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.

clearly D is OA. if the college sells the land at a lower price than expected, renovations could be affected...
Intern
Joined: 29 Oct 2016
Posts: 2
Re: The recent decline in land prices has hurt many institutions  [#permalink]

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08 Sep 2017, 11:58
Conclusion: the price decline will probably not affect the college.

To weaken: prove that price decline will affect the college. Option D correctly shows this, as it will affect college somehow monetarily.
SVP
Joined: 12 Dec 2016
Posts: 1608
Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64
Re: The recent decline in land prices has hurt many institutions  [#permalink]

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13 Apr 2018, 09:21
this is a high quality question.
D directly links with the argument, but D does not seem an obvious answer.
There are no common patterns in this question.
Re: The recent decline in land prices has hurt many institutions &nbs [#permalink] 13 Apr 2018, 09:21
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