scraper
n.— «Without those ongoing improvement costs, a house runs the risk of being what the building industry calls a “scraper.” That’s a house with so much deferred maintenance that it’s cheaper to scrape it off the foundation and start from scratch—with a value of what the land is worth minus the demolition costs.» —“Homeownership versus stocks” Contra Costa Times (Walnut Creek, Florida) Apr. 8, 2008. (source: Double-Tongued Dictionary)
Further reading
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