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Abhi077
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27 Dec 2020, 09:14
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E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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(hard)
Question Stats:
50% (01:56) correct
50%
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wrong
based on 313
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The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington. But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers. It is estimated that nearly 3 million more young adults are living with their parents compared with 2007 — before the Great Recession had settled in.
Which of the following conclusions can most properly be drawn from the information above?
A. During the recession, getting a mortgage is fairly easy.
B. The employment rate among young Americans is very low in the wake of the Great Recession.
C.The fear of losing jobs makes young people reluctant to put down roots.
D. The Great Recession has brought about a “cultural shift" in favor of staying single longer and renting.
E. Unless the incomes of young adults are high enough to own their own homes, the US housing market will not strengthen.
Which of the following conclusions can most properly be drawn from the information above?
A. During the recession, getting a mortgage is fairly easy.
B. The employment rate among young Americans is very low in the wake of the Great Recession.
C.The fear of losing jobs makes young people reluctant to put down roots.
D. The Great Recession has brought about a “cultural shift" in favor of staying single longer and renting.
E. Unless the incomes of young adults are high enough to own their own homes, the US housing market will not strengthen.
silverprince
GMAT 1: 660 Q42 V38
Posts: 29
28 Dec 2020, 08:19
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Anshuman0902
hey abhi077 need your help in this queestion.
i end up marking D .
can you please help me
i end up marking D .
can you please help me
Hi, I'm happy to offer my views on D
D. The Great Recession has brought about a “cultural shift" in favor of staying single longer and renting. appears to refer to the highlighted section of the passage:
The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington. But even as the short-term outlook brightens, they remain worried about a long-term problem with "missing" young buyers. It is estimated that nearly 3 million more young adults are living with their parents compared with 2007 — before the Great Recession had settled in
Answer choice D mentions that there is a cultural shift in favour of staying single longer and renting. We can't assume that young adults are staying single longer nor can we assume that people favor renting. Neither of these trends are supported by the information presented in the passage. All we know is that more young adults are living with their parents now compared with 2007. Consider the possibility that the Great Recession was so brutal that young couples were forced out of their homes and are now living with their parents out of necessity. These couples are clearly not single, nor would they favor renting (renting isn't mentioned here at all; they could be living with parents for free for all we know!).
E. Unless the incomes of young adults are high enough to own their own homes, the US housing market will not strengthen.
In contrast, answer choice E is supported by the information given with regards to "missing" young buyers. This suggests that either the incomes of young buyers are not enough for these buyers to own their own homes, or that the homes are priced too high for these young buyers to afford them. Without these "missing" young buyers, the US housing market will not strengthen because although the housing market is currently strengthening, this trend is "short-term", and "long-term" strengthening relies on "missing" young buyers to get on to the housing market.
Hope this is clear
General Discussion
28 Dec 2020, 03:52
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hey abhi077 need your help in this queestion.
i end up marking D .
can you please help me
i end up marking D .
can you please help me
