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 or homes could only provide for 65% of that demand each year.
Which of the following, if true, reveals a weakness in the evidence cited above?
- Real estate is a highly labour-intensive business.
- Home builders are not eventy distributed across the country.
- The number of people who want second homes has been increasing each year for the past 10 years.
- Readers of House magazine are more likely than most people to want second homes.
The Correct Option is A
Solution and Explanation
The information suggests that real estate is a profitable investment, supported by a survey where 85% of magazine readers plan to buy a second home. Additionally, there is a supply-demand imbalance, with only 65% of the demand being met each year.
The correct option is (A) : Real estate is a highly labour-intensive business
Which of the following, if true, would undermine validity of the investment advice in the paragraph above?
- Some home-owners are satisfied with only one home
- About half of the people who buy homes are investing in their first home.
- Only a quarter of the homes that are built are sold within the first 2 weeks.
- Only a quarter of those who claim that they want o second home actually end up purchasing one.
The Correct Option is D
Solution and Explanation
The investment advice is based on high demand and limited supply. We need an option that suggests the demand isn't as high as it seems, or the supply is sufficient.
The correct option is (D): Only a quarter of those who claim that they want o second home actually end up purchasing one
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