Posted by Denis on July 15, 2003
In Reply to: Re: Bread-and-butter apartment posted by ESC on July 14, 2003
: : Does anybody know anything about "bread-and-butter apartments"? What is it and where does the name come from?
: I've never heard this phrase. We have discussed:
: BREAD AND BUTTER - One meaning of this phrase is one's livelihood - how you get money (bread) to pay the rent ("keep a roof over your head) and buy food and send the kids to college. The use of the phrase in this manner is: "to quarrel with one's bread and butter - To complain about one's means of livelihoood, to act against one's best interests.our English phrase for expressing such lack of reason dates back not more than two centuries." From "Heavens to Betsy" by Charles Earle Funk (Harper & Row, New York, 1955).
: And then there's "bread and butter notes," thank you notes.
Apparently, it is real estate developers' lingo. I found this definition:
Bread and Butter Properties:
Properties that are generally older, in need of repair and located in poorer neighborhoods. These properties generally produce more income relative to purchase price than pride of ownership properties produce.
But I do not know why they call it "bread and butter." Maybe because these properties are the main source of income for the owners.