Buy Abroad but Rent in Britain
(pronounced as a new word: barb)
It refers to British people who purchase real estate in a countries other than the United Kingdom. Also known as "barbies" it specifically refers to young British professionals who couldn't hope to buy a condo in London but can snap one up as an investment property, or even vacation home, in America due to the credit crunch of 2008.
Online jargon, also known as text message shorthand, used primarily in texting, online chat, instant messaging, email, blogs, and newsgroup postings, these types of abbreviations are also referred to as chat acronyms.
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NetLingo Classification: Acronyms and Text Message