A white elephant is a valuable possession which its owner cannot dispose of and whose cost (particularly cost of upkeep) exceeds its usefulness.- wikipedia
My rental house used to be so cute, like a cozy cottage in the woods. Hardwood floors, wood fire place, backed up to a conservation area stocked with raccoons, wood peckers and armadillo.
This cute little cottage, where I would sit on my back patio and watch the leaves grow, do art projects with my preschooler, and watch the cardinal family has now turned into a white elephant.
For one, we owe more than we could sell it for in this market.
For two, I can't make much money on the rent because the mortgage is so high.
For three, my brain damaged renters caused lots of damage- around 1000.00
plus the upkeep that they said they would do they didn't. 6 months after they moved in I discovered that never owned a vacuum. Yep, that's right can you guess what my berber carpets look like? They weren't perfect before but now they are really filthy. And now I have to paint. I hate to paint, but I can't afford to pay a company to do it just now because I don't have any rent money for March.