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 ?
The Money Pit tells the story of one young couple's disastrous attempts to renovate a run-down old mansion that they buy for a bargain, which in those days was $200,000.
I'm inviting all those people with some spare cash that they're thinking of hiding under the mattress or putting on the horses to come and join me on The Money Pit instead," says Jason.
Soon after the house was finished in 1921, its owner, bohemian heiress Aline Barnsdall, fed up with the money pit (construction costs ran way over budget), gave it to the city.
Both establishments Ukip wants to shake up, when in fact they are the first to dive into the money pit.
An avid NASCAR fan, she was a member of the Money Pit Racing Tea, and the American Kennel Club (AKC).
RichRich Properties LLC of Maumelle bought two commercial properties in Hot Springs in February only to discover that they were money pits.
The National Audit Office has exposed what a mess the government is making of implementing Universal Credit, which now appears to be a dysfunctional money pit.
The show will also be available via TuneIn through the hundreds of Money Pit radio station affiliates carrying the program.
I mean no disrespect to former owner Steve Hunt but having gone bankrupt, he is hardly the ideal man to be in charge of this particular money pit.
His campaign re-election money pit should grow tenfold as trial professionals, For the Peoples in car wrecks, and all those former sheriffs' accident investigators eagerly join in his efforts.
It doesn't matter if you're a homeowner or an investor: the secret to making sure your real estate doesn't turn into a money pit is to watch the trends so you can predict where the prices will rise and where they won't" Rand's bends to watch are:
25-year police veteran Detective Inspector Henry Crabbe longs to take early retirement and open the restaurant of his dreams, which he calls "Pie in the Sky", but his accountant wife thinks his dream is a bottomless money pit, and his boss needs him to handle those intricate cases that he has a natural gift for
In today's links, William Powers says old and new media feed off of each other, Michael Miner looks at the Chicago Tribune's troubled history with the Jews, and Scott Sherman looks at the $1M-per-month money pit that is the New York Sun.
We encourage the committee to take the time to explore innovative solutions before it votes to funnel more into the education money pit.