Hey Teri,I have a really good friend who tours globally and gives speeches on how to "Create Magical Moments" in everyday interactions.

The panic turned into a global liquidity crisis and reached an apex with the bankruptcy of Lehman Bros. on Sept. 15, 2008, and the subsequent insolvency of insurance giant AIG.Wall Street was facing a sequential collapse of other banks, beginning with Morgan Stanley when the Fed and Congress stepped in with trillions of dollars of guarantees, swaps and bailout money.Both of these panics — 1998 and 2008 — began over a year before they reached the level of an acute global liquidity crisis.Turkey, Argentina and Indonesia, all major emerging-market economies, are in complete meltdown.

Long term, global debt levels are incredibly high, government and corporate, something will need to give. 

I still have lots of room for improvement - staff appreciation is key and your staff knowing that you as the owner place primary emphasis on resident care as #1 will also be key (and frankly resident care should be the top priority as thats the only reason the business is in existence) and second most important thing is making the staff feel a part of the family and appreciated.Watch your cash flows - it will eat you alive. 

With real interest rate negative, and sitting at a historical global low, there is no worse time to buy multi-family from a strategic buy and hold perspective, returns will be lethargic compared to the past decade. 

It's tough for large business to invest in hiring and R&D when the global economy is so crazy borrowers are being paid to borrow (negative interest rates).

But you can rob yourself of future profits by putting too much emphasis on just this one, albeit important consideration.

And yet I see it is a very common practice, so I assume there must be a logical or historied reason for such radical over-emphasis.

I could show 25 graphs or more of what is wrong with America's economy and for that matter, much of the rest of the global economy and global markets.

Just saying, the NPV really only applicable in certain evaluations, with large numbers, with reliable cap rates and a term of time with limitations or under a controlled economy.Another issue is the term of analysis, the further you go out the less reliable your analysis due to economic factors and market demands, especially in a globalized economy.