A heavy burden that prevents one from achieving success. The phrase refers to Samuel Taylor Coleridge's poem The Rime of the Ancient Mariner, in which the narrator kills an albatross—a large white bird deemed an omen of good fortune. This act is thought to curse his ship, so he must then wear the albatross around his neck. The old property became an albatross around his neck as the costs of repair and renovation began to skyrocket.