alligator
n.— «In the coming months, I predict we’ll see an increase in people dumping real estate they can’t afford. They’ll be forced to sell because they’ll be eaten alive by a phenomenon known as negative cash flow. Investment properties that you have to feed money to every month are fondly known as alligators—if you can’t afford to feed the property every month, it eats you.» —“How to profit from a cooling real estate market” by Robert Kiyosaki Firstrung.com (United Kingdom) Oct. 12, 2006. (source: Double-Tongued Dictionary)
Further reading
After our conversation about nighttime wakefulness, a Sacramento, California, woman shares the funny story behind the term she and her husband use for that phenomenon: squeegee. This is part of a complete episode.
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