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Old 10-14-2012, 11:27 AM   #115
Rusty
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Quote:
Originally Posted by MAXUM View Post
I was recently talking to a family member of mine who has owned waterfront in Wolfeboro since the late 60s. They attended a town meeting and was insulted by the fact whoever it was from the town that was speaking referred to the water front owners as "cash cows". Sure you can sell and move on, but that's not the point.
"Cash Cows" are a product, business, etc, that generates a continuous flow of money or a high proportion of overall profits.

Wolfeboro gets @70% of it operating revenue from "water front" property owners.

I would say that the term "Cash Cows" that was used by someone at the "town meeting" was/is pretty accurate.
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