Investing
PTM’s investment thesis is identifying neighborhoods where the population is growing and housing is in short supply. We then strive to build accessible rental housing that is attainable for at least 65 percent of the population living within a 1-mile radius. This is a strategy that transcends OZs and makes investing in the current economic
... See moreMeyer: PTM takes a top-down and bottom-up approach to identifying potential OZs for development in Florida. We are bullish on the long-term prospects for the state of Florida due to its strong economic potential, rapid population growth and job opportunities.
When determining which areas of Florida to develop in, we look at the job and population growth projections of specific counties and neighborhoods. From there, we use a data-driven approach to narrow our search down to specific communities and streets overlaid with the Opportunity Zone map to see a path of growth in that specific neighborhood. The locations of our current projects in Downtown Miami, Sarasota and St. Petersburg are emblematic of our selection criteria.
Famous investor Bill Miller put it best when asked what worries him about the market:
“The answer is nothing, because everyone else in the market seems to spend an inordinate amount of time worrying. And so all of the relevant worries seem to be covered. My worries won’t have any impact except to distract from something much more useful, which is
... See more
Drachman on RE cycles:
The Final Step of a Real Estate Cycle: Acceptance
A couple of years ago, I compared the real estate cycle to the cycle of grief. At its core, every downcycle is about one thing: people losing money.
That’s why these cycles never move quickly. People hate admitting loss. This is why they will deny it at first then become angry
I’ll make a controversial statement here: in pure investment terms, there’s no intrinsic reason for long-term investors to be concerned with volatility (as distinguished from the risk of permanent loss). Warren Buffett famously says he’d “rather earn a lumpy 15% return than a smooth 12%.” Why wouldn’t everyone?
One thing I didn’t realize until later in life is how the incentives of an industry shape your mood, your outlook, and even your character. In early stage investing, the incentives reward optimists, so it literally pays to keep an optimistic outlook. In journalism, the opposite is true. In law, the incentives often reward finding the flaw or the... See more
Katherine Boylex.comAvoiding stupidity is easier than seeking brilliance.
Jeff Bezos on not under-estimating opportunity:
“I think it's generally human nature to over-estimate risk and under-estimate opportunity. ... The risks are probably not as big as you perceive and the opportunities may be bigger than you percieve.”