What is the conclusion in the following argument?
Secondly, is it a valid/invalid conclusion?
The recent boom in new home construction has finally begun to taper off. Developers are not buying land, contractors are finding themselves going without work for longer periods, and banks are issuing fewer mortgages. People must not be as interested in buying new homes as they were even six months ago.
5-Day Free Trial
5-day free, full-access trial TTP
Available with Beat the GMAT members only code
MORE DETAILS
conclusion
This topic has expert replies
-
confuse mind
- Master | Next Rank: 500 Posts
- Posts: 462
- Joined: Wed Jan 19, 2011 1:08 pm
- Thanked: 10 times
- Followed by:4 members
-
chandan.mnnit
- Newbie | Next Rank: 10 Posts
- Posts: 5
- Joined: Mon Feb 06, 2012 3:17 am
The conclusion given in the argument is that "People are not interested in buying homes as they were 6 months ago"confuse mind wrote:What is the conclusion in the following argument?
Secondly, is it a valid/invalid conclusion?
The recent boom in new home construction has finally begun to taper off. Developers are not buying land, contractors are finding themselves going without work for longer periods, and banks are issuing fewer mortgages. People must not be as interested in buying new homes as they were even six months ago.
The conclusion is faulty as the premise of the argument does not state abt the status of the flats available for sale. Probably the developers are not starting any new projects as they already have a lot of projects they are not completely sold. And that maybe the people are buying the already constructed projects. The argument does not shed any light on this relationship and hence is faulty.
Hope it helps.
I feel there are two conclusions here. One would be "The recent boom in new home construction has finally begun to taper off", for which the premises given are the subsequent two lines. However, the last line, "People must not be as interested in buying new homes as they were even six months ago." could pass off for an inference or a conclusion.
-
vk_vinayak
- Legendary Member
- Posts: 502
- Joined: Tue Jun 03, 2008 11:36 pm
- Thanked: 99 times
- Followed by:21 members
Conclusion: People must not be as interested in buying new homes as they were even six months ago.
- VK
I will (Learn. Recognize. Apply)
I will (Learn. Recognize. Apply)
-
confuse mind
- Master | Next Rank: 500 Posts
- Posts: 462
- Joined: Wed Jan 19, 2011 1:08 pm
- Thanked: 10 times
- Followed by:4 members
-
veenu08
- Master | Next Rank: 500 Posts
- Posts: 106
- Joined: Sat Mar 30, 2013 11:55 pm
- Thanked: 1 times
- Followed by:1 members
Can someone please explain this?confuse mind wrote:What is the conclusion in the following argument?
Secondly, is it a valid/invalid conclusion?
The recent boom in new home construction has finally begun to taper off. Developers are not buying land, contractors are finding themselves going without work for longer periods, and banks are issuing fewer mortgages. People must not be as interested in buying new homes as they were even six months ago.
