There were even some interesting candidates for multiferroism, although none presented the characteristic overall magnetization and all had lousy ferroelectric properties.
"The borrower ends up with a property in lousy shape, often with significant structural defects," Mr. Zinner continued, "and with an unaffordable mortgage covering far more than the value of the property".
There are many reasons why private investors might be deterred from an impoverished African country: corruption, insecure property rights, fragmented markets, lousy infrastructure.
So the borrower will end up with a property that's in lousy shape, often with significant structural defects, and the buyer will have an unaffordable mortgage that covers far more than the value of the property".
Your timing is lousy and three years later your property is worth only $600,000.
Right now values are down 40% in many first-tier markets, but some of the rent-obsessed argue that property is still a lousy investment because rents are low.
Besides, "with few exceptions, the city has a lousy record of taking care of its own property," said Peg Breen, president of the Landmarks Conservancy.
Senegal, for example, has thousands of musicians who would benefit from copyright enforcement.Carefully worked-out policies for protecting intellectual property will not solve developing countries' bigger problems, such as inadequate health care, lousy schools and sheer poverty.
"It's lousy, lousy, lousy," Pucher said.
