The term for an event, happening or situation that's commonly accepted to be true, but actually exists infrequently or not at all.
Politicians spend a lot of time arguing about how tax hikes will ruin small business owners, but the increases only apply to those making over $250,000/year and the median amount an owner of a small employing business draws from his/her firm in a year is about $72,500. In fact, 6 percent earn less than $12,500 and only 5 percent earn $250,000 or more.
Therefore, small business owners affected by this issue are statistical unicorns.
A Shackteau is a humble, weather-beaten, structurally questionable shelter located in a spectacular or highly coveted place—Wales, Jackson Hole, Sun Valley, Crested Butte, coastal Maine, the Alps—where the building itself may be worth almost nothing, but the dirt, view, access, and mythology make it absurdly valuable.
In use:
Shackteâu - We thought it was an abandoned shed until the realtor called it a rare alpine Shackteâu with unobstructed views and listed it for $2million.