Glossary entry (derived from question below)
English term or phrase:
high barriers to entry, and an arduous zoning and approval process
English answer:
The land is very expensive to buy, and the zoning regulations make it difficult to build ...
Added to glossary by
ahmadwadan.com
Jun 1, 2006 18:22
17 yrs ago
3 viewers *
English term
high barriers to entry, and an arduous zoning and approval process
English
Other
Real Estate
residential real estate
Can you please rephrase that in more plain English?
Within the Greater Boston area, real estate development is severely constrained by a limited amount of land zoned for residential use, {high barriers to entry, and an arduous zoning and approval process.}
thank you
Within the Greater Boston area, real estate development is severely constrained by a limited amount of land zoned for residential use, {high barriers to entry, and an arduous zoning and approval process.}
thank you
Responses
+3
4 mins
Selected
The land is very expensive to buy, and the zoning regulations make it difficult to build ...
... at a high enough density to make a profit. Probably the plots have to be large, and you can only build one house per plot. Also, the local authority makes it difficult to get approval for the sort of house that developers want to build.
4 KudoZ points awarded for this answer.
Comment: "Than you David and all."
+1
32 mins
stringent requirements to gain entry, and a steep/difficult
process to obtain zoning permission and approval to build.
Peer comment(s):
agree |
Tatiana Nero (X)
: agree only to the "steep/difficult process... etc.", "high barriers to entry" (I think) means just what David Knowles said - land being expensive, so the price alone is a high barrier to entry - there are no extra prohibitions but for the zoning req's.
1 hr
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Thanks
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2 hrs
No, with the exception of saying High Entry Barriers
and possibly replacing Arduoud with tedious or complicated. But why dumd it down? It's standard real estate speak. Nothing wrong with it.
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Note added at 2 hrs (2006-06-01 21:03:21 GMT)
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Arduous wihtout the "D", Sorry.
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Note added at 2 hrs (2006-06-01 21:03:21 GMT)
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Arduous wihtout the "D", Sorry.
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