“Of all the shortages afflicting the U.S. economy, the housing shortage might last the longest.”

http://www.garytharp.com/forms/  If you have an iPhone, you could use TheAnalyst app, which is built on the same foundation ... it's my favorite number crunching app ;-)  http://cretm.com/theanalyst/I have no affliction with Gary (other then I'm a ccim candidate) nor the App...I just think it's cool. 

Two areas I see, economic laws, passed to manipulate economic aspects for the benefit of some and public law that focuses on how things are conducted to safeguard the public from various afflictions.

I did not think it would take long before the cheapness that afflicts some small landlords would surface.

The Consumer Behavior course I took in business school is spot on.I discovered my affluenza affliction ("retail therapy" or "when the going gets tough, the tough go shopping") back in the 1990s.

Real Estate investment could be the answer for the fixed income malaise afflicting potential retirees.

Brandon,  IMO, for whatever reason you're afflicted with a case of Confirmation Bias related to racial/minority discrimination.

I suffer from the same affliction as the rest of the world.  

This discussion, even if I'm wrong, is of good benefit for anyone looking at investments to realize all sides of analyzing a property and to rely on their own analysis for their goals.Since you are going through the effort of performing a discounted cash flow analysis out X-periods/years and are a long term buy& hold guy, why not ditch the affliction of CAP -  even the lure of trying to calculate a stabilized CAP over a vector of inputs -  and look at an internal rate of return {M}IRR or FMMR (pict your preference).

My prejudice is with the stupid, but I have learned to tolerate them the best I can and I will serve them in RE as well, I never gave an IQ test to a tenant, and I'm much more tolerant when I can see that their affliction and circumstance is beyond their control.