hi all , please may every one read the essay and give me a grade .. for how much you grade it ?
ESSAY QUESTION:
The following appeared in the personal finance section of a popular magazine:
“The average price of an acre of land in the United States is now 50 times what it was in 1970, and nearly 200 times what it was in 1920. The nation’s population is projected to keep increasing, even as the amount of land remains constant. Therefore, people who are approaching retirement should invest heavily in real estate in order to ensure their financial security.”
Discuss how well reasoned you find this argument. In your discussion be sure to analyze the line of reasoning and the use of evidence in the argument. For example, you may need to consider what questionable assumptions underlie the thinking and what alternative explanations or counterexamples might weaken the conclusion. You can also discuss what sort of evidence would strengthen or refute the argument, what changes in the argument would make it more logically sound, and what, if anything, would help you better evaluate its conclusion.
MY RESPONSE:
The writer above talked about the increasing prices of the real state in the United states. Therefore, suggested that the retiring people invest most of their money in the real states. But the writer forget that the history of the prices is not a fact we can depend on it and economically it is wrong to put all the investment in one basket.
The first assumption of the writer was that the real state's prices in the United states will keep increasing based on the prices history in the U.S. But the prices in many countries were increasing and suddenly for some economical and political reasons it decreases. Therefore, the history is not an economic base. I suggest that the writer provide a study that forecast the future prices of the real state in the united states.
The second assumption was that a retiring person should invest most of his money in the real estates. Economically , it is very big mistake that a one but all his money in one basket. Therefore, the writer should provide more than one investing suggestion for the retiring person.
It can be concluded that the real estate prices could not have the same behavior as before, so a study should be provided to forecast the future prices. And a retiring person could not invest his money in one basket an specifically in real estate and their is no base for the results of the investment so it is better to offer many suggestions for investments.