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n. A person who elected to ex-patriate themselves around the time of the 2004 elections and are now returning to find a distressed housing market, rock bottom mortgage rates, collapsed stock market and other circumstances that are ripe for exploiting when exchange rates on the dollar are strongly in your favor.
With four more years of Bush looming, Bill left in 2005 to work in Malaysia and is now returning as an expatbagger. He bought a $2M estate for $1.2M...with cash.
by December 03, 2008
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Words related to Expatbagger:

carpetbagger carpet bagger expat expatriot looter yankee