money pit

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money pit

A business, possession, or other financial commitment that requires or consumes an increasingly large amount of money, especially more than was first anticipated. I bought this restaurant because of its prime downtown location, but with all the repairs and the huge amount of staff needed to run it, it's proven to be quite a money pit. The problem with buying used cars is that, even if they started off being cheap, they often turn into money pits as they start breaking down.
See also: money, pit
References in periodicals archive ?
RichRich Properties LLC of Maumelle bought two commercial properties in Hot Springs in February only to discover that they were money pits.
However, under the current circumstances, it seems likely that the losses and concomitant bailouts will continue mounting, and someday Americans may look back wistfully upon the day when they thought they would get socked for "only" $259 billion for these two money pits.
He now says he will slash the bureaucratic money pits by about half.
WE HAVE all had projects -a house, a car, a hobby -which have turned out to be money pits.
I'm sure there are folks out there who think that paper machines are money pits," Joe laughs, "but we ended up overunning our budget.
Their unpaid, elected leaders turned most of the teams into money pits.
The problem, he explains, is that equalizing school spending among districts with out raising new money pits rich and poor school districts against each other, while leveling school spending upward runs into popular reluctance to raise taxes.
Alterian's visualization-led database marketing solution is changing the way marketers view their databases - from black holes and bottomless money pits dependent upon IT involvement for segmentation and campaign analysis - to powerhouses of insight needed to measure, justify and continually improve marketing activities.