Joe Stampone
@joestampone
Joe Stampone
“For a long time, I looked for consensus. I think consensus is really the enemy of scale, and so I used to say, “Whenever we’re making an important decision, there should be winners in the room and losers. We shouldn’t find that negotiated settlement that everyone is happy with. Somebody should be unhappy, three or four people should walk out unhap
... See moreFrom there, I have a few go-to questions that I have found create reliably engaging discourse:
• What's your connection to [insert current place or event]?
• What are you most excited about currently?
• What's lighting you up outside of work?
• What’s your favorite book you’ve read recently?
Note: Always avoid "What do you do?" as a question. It's
... See more1. Go where you don’t belong. One truth I’ve learned over and over again in my life: Good things happen when you put yourself in rooms where you don’t feel like you belong. Those rooms are all around you, but your fear of being “found out” holds you back from stepping into them. My entire life changed when I realized that everyone has something of
... See more2. Don't Take Anything Personally
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No one else sees the world the same way you do. Similarly, you don't decide how others see the world. So don't take their interpretation to heart.
People's actions & words are a reflection of their reality, not yours.
One related idea that’s helped me is Tim Ferriss’ 10% Hater Rule: “10% of people will find a wPTM’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 landscap
... 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.
The issue, and opportunity, here is that the cost to build a new building is significantly higher today than it was in 2015. Take apartments – costs are up ~30% since just precovid, and more like ~70% or higher since 2015. Now – prices vary significantly across markets, and the major urban market’s underperformance is pulling these averag
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