A residence intentionally kept vacant by an absentee owner, especially a foreign investor, as a financially safe asset to be liquidated at a convenient time.
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The house is an example of what is popularly referred to as a "ghost home," a property owned by a nonresident (sometimes noncitizen) who has no plans on ever moving in.
Submitted on July 10, 2018
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"ghost home." Phrases.com. STANDS4 LLC, 2024. Web. 23 Nov. 2024. <https://www.phrases.com/phrase/ghost-home_25707>.
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