0
Anonymous Posted 15 years ago
Essay & Composition Writing

Help me find the answers by reading this passage

Rico Rocha bought his two-bedroom hill cottage near the sea for what he thought was a very high price. Rocha paid $250,000 for the one-bathroom place, which needed a lot of fixing up.

Just two years later, Rocha feels pretty lucky. He thinks he can sell his tiny home for close to $400,000.

"I can't believe it," Rocha said. "I feel like I've just made $150,000 by sitting on the couch in my living room."

Is Rocha crazy? Not in this real-estate market, respond local experts.

"Prices in theWest Bedfordregion have increased across the board by an unbelievable 30 percent every year," says long-time real-estate broker Mimi Shue. "And in my opinion, there's no trend to show that the local market is slowing down."

Rocha and Shue are not alone. Real estate inWest Bedfordhas historically increased no matter what is happening across the country. In this area, people are selling and buying homes based on their love of the city and its location, not logic.

Not everyone thinks that's a great idea.

"People in the region feel that a house is the best financial risk these days," reports Vijay Tandon, senior economist at the Schmidt Institute. "And the market scenario has made them believe that. But prices can't continue to increase forever."

Tandon thinks that prices inWest Bedordare up to 20 percent higher than they should be.


The bottom line, he says, is "we don't know when, but the market is likely to shift eventually--and people will get hurt. I just don't think it's going to last."

Questions:

According to the article, Mr. Tandon has the opinion that ________.

(A) Mr. Rocha is quite lucky

(B) prices could decrease 30 percent

(C) people could lose money

(D) real estate is the best risk

In this article, eventually means ________.

(A) over a large part of West Bedford

(B) by a large amount, significantly

(C) permanently or forever

(D) sometime in the future

Please correct my answers if they are wrong.
  

Top answer

(C): Tandon thinks that prices in West Bedford are up to 20 percent higher than they should be. and (D)

  • (C): Tandon thinks that prices in West Bedford are up to 20 percent higher than they should be.
  • and (D)
Free · every Monday

Get the Weekly English Kit 📬

New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.

1 Answers
0
(C):

Tandon thinks that prices in West Bedford are up to 20 percent higher than they should be.

and (D)

Related Questions