money pits
Bottomless financial drains
Money pits are ventures that consume far more money than anticipated, often with no end in sight.
The term evokes a bottomless hole swallowing cash: That old house turned into a money pit—every repair uncovered three more problems.
Boats, classic cars, and fixer-upper properties are classic money pits.
The phrase gained currency from a 1986 comedy film about a disastrous home renovation.
Wasteful, impractical endeavor
- sinkholeUnderground collapse crater
- drainChannel for wastewater
- squanderUse up carelessly
- hemorrhageProfuse discharge of blood
mismanage · inefficient · fruitless · unproductive · white elephant · fiasco · quagmire · bottomless
Secured home loan
- foreclosureLender seizes mortgaged property
- bankruptcyLegal status when insolvent
- loanBorrowed money repaid later
- defaultPreset standard option
insolvency · arrears · repayment · underwater · overleveraged · refinancing · liability · creditor
Restoring to good condition
- restorationReturning something to condition
- maintenancePreserving working condition
- upkeepOngoing preservation effort
- repairsRestorative maintenance work
overhead · fixer-upper · remodel · contractor · permits · inspection · assessment · retrofit
boondoggle
Wasteful, impractical endeavor
hemorrhage · mismanage · inefficient · fruitless · unproductive · white elephant · fiasco · quagmire · bottomless · endless
mortgage
Secured home loan
- foreclosureLender seizes mortgaged property
- bankruptcyLegal status when insolvent
- loanBorrowed money repaid later
default · insolvency · arrears · repayment · underwater · overleveraged · refinancing · liability · creditor · lender
renovation
Restoring to good condition
- restorationReturning something to condition
- maintenancePreserving working condition
- upkeepOngoing preservation effort
repairs · overhead · fixer-upper · remodel · contractor · permits · inspection · assessment · retrofit · foundation
money pitscash cows
Reliable revenue generators
gold mines · profit centers · money makers · revenue streams · nest eggs
money, pit, moneys, monies, moneyed, monetary, monetize, monetization, pits