首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
In 1929 John D. Rockefeller decided it was time to sell shares when even a shoe-shine boy offered him a share tip. During the pa
In 1929 John D. Rockefeller decided it was time to sell shares when even a shoe-shine boy offered him a share tip. During the pa
admin
2019-04-19
94
问题
In 1929 John D. Rockefeller decided it was time to sell shares when even a shoe-shine boy offered him a share tip. During the past week The Economist’s economics editor has been advised by a taxi driver, a plumber and a hairdresser that "you can’t go wrong" investing in housing—the more you own the better. Is this a sign that it is time to get out? At the very least, as house prices around the world climb to ever loftier heights, and more and more people jump on to the buy-to-let ladder, it is time to expose some of the
fallacies
regularly trotted out by so many self-appointed housing experts.
One common error is that house prices must continue to rise because of a limited supply of land. For instance, it is argued that " house prices will always rise in London because lots of people want to live here". But this confuses the level of prices with their rate of change. Home prices are bound to be higher in big cities because of land scarcity, but this does not guarantee that urban house prices will keep rising indefinitely—just look at Tokyo’s huge price-drops since 1990. And, though it is true that a fixed supply of homes may push up house prices if the population is rising, this would imply a steady rise in prices, not the 20% annual jumps of recent years.
A second flawed argument is that low interest rates make buying a home cheaper, and so push up demand and prices. Lower interest rates may have allowed some people, who otherwise could not have afforded a mortgage, to buy a home. But many borrowers who think mortgages are cheaper are suffering from money illusion.
Interest rates are not very low in real, inflation-adjusted terms. Initial interest payments may seem low in relation to income, but because inflation is also low it will not erode the real burden of debt as swiftly as it once did. So in later years mortgage payments will be much larger in real terms. To argue that low nominal interest rates make buying a home cheaper is like arguing that a car loan paid off over four years is cheaper than one repaid over two years.
Fallacy number three is a favourite claim of Alan Greenspan, chairman of America’s Federal Reserve. This is that price bubbles are less likely in housing than in the stock market because higher transaction costs discourage speculation. In fact, several studies have shown that both in theory and in practice bubbles are more likely in housing than in shares. A study by the IMF finds that a sharp rise in house prices is far more likely to be followed by a bust than is a share-price boom.
To which of the following is the author likely to agree?
选项
A、It is time to illustrate some popular fallacies about buying a home.
B、Some popular flawed arguments about buying a home should be made known to the public for the time being.
C、People should be punctual in business dealings of shares and housing.
D、Alan Greenspan’s claim can hold water with respect to fallacy member three.
答案
B
解析
本题属于中心主旨题,测试考生识别和把握全文中心主旨句的能力。本题答案信息来源在首段尾句,该句恰恰是全文的中心主旨句。该句主句的大意是:“到了揭露一些谬见的时候了……”由此可以推断本题的正确选项是B“Some popular flawed arguments about buying a home should be made known to the public for the time being.”(一些常见的有关购房的错误论点应该让公众了解和认识)。
转载请注明原文地址:https://kaotiyun.com/show/u76Z777K
0
考研英语一
相关试题推荐
FormostpeopleBritain’sbouncingeconomy,nowgrowingatitsfastestforthreeyears,iscauseforcheer.Not,【C1】______forth
Prewritingreferstostrategiesyoucanusetogenerateideasbeforestartingthefirstdraftofapaper.Prewritingtechniques
IntheUnitedStates,thefirstdaynursery,wasopenedin1854.Nurserieswereestablishedinvariousareasduringthe【C1】_____
IntheUnitedStates,thefirstdaynursery,wasopenedin1854.Nurserieswereestablishedinvariousareasduringthe【C1】_____
People’sfinancialhistoryhasastrongimpactontheirtasteforrisk.LookingatsurveysofAmericanhousehold【C1】______from1
People’sfinancialhistoryhasastrongimpactontheirtasteforrisk.LookingatsurveysofAmericanhousehold【C1】______from1
People’sfinancialhistoryhasastrongimpactontheirtasteforrisk.LookingatsurveysofAmericanhousehold【C1】______from1
People’sfinancialhistoryhasastrongimpactontheirtasteforrisk.LookingatsurveysofAmericanhousehold【C1】______from1
People’sfinancialhistoryhasastrongimpactontheirtasteforrisk.LookingatsurveysofAmericanhousehold【C1】______from1
[A]Breakingallconstraints[B]Timelinetoexecution[C]Thepurposeofthedecision[D]Knownunknownsandunknownunkno
随机试题
为了防止和纠正违法的或者不当的(),保护公民、法人和其他组织的合法权益,保障和监督行政机关依法行使职权,根据宪法,制定复议法。
对佝偻病动物进行血液生化检查,活性升高的酶是()
羟脯氨酸()。
大量饮清水后、尿量增多的主要原因是
王某因犯数罪被人民法院依法判处有期徒刑20年,服刑13年后被假释。在假释考验期的第6年,王某盗窃一辆汽车而未被发现。假释考验期满后的第4年,王某因抢劫而被逮捕,交代了自己在假释考验期限内盗窃汽车的行为。问:对王某假释考验期满后的抢劫罪应如何处理?
专利权的侵权行为未包括的是( )。
有人说:国际投资中的合资经营是用永久性的办法解决暂时性的问题。因为其中一方提供的往往只是暂时性的资产(例如对当地市场的基本知识,解决企业开办时的种种人事关系问题等等),你同意吗?如果合营的一方认为另一方的贡献只是暂时性的,对合营企业的经营会有什么影响?问题
生产力是社会发展的最终决定力量,表现为()
《孙子兵法》是我国军事学的重要历史名著之一,从网络上能够获得《孙子兵法》的一个版本“孙子兵法一网络版.txt”。请对该文档进行清洗,去掉带有“作者”的行,去掉带有注释(解释信息)的行,在正文中,去掉①②等注释标注,将清洗后的文本输出为“孙子兵法一清洗版.t
A、 B、 C、 C
最新回复
(
0
)