Glossary entry

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

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.
Peer comment(s):

agree Can Altinbay
1 hr
agree Tatiana Nero (X) : agree only to "high barriers to entry" as being expensive
2 hrs
agree Alfa Trans (X)
20 hrs
Something went wrong...
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
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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