John Woodley on Real Estate and the Economy | Investing Basics

We have a special guest with us today by the name of John Woodley, who is a real estate expert here in the Wasatch Front area. He runs a company called Woodley Real Estate with his brother, specializing in the high end luxury market as well as class A office space. We felt like it would be a great idea to bring an expert on this show to discuss this market because this comes up in conversation for us socially and in business all the time. We talk about what this market is doing not just in Utah, but everywhere else and kind of where it’s going. Are we headed for a downturn? 2:45 Buyer confidence 5:45 Things that are the most important to upgrade 8:10 Is it better to play it safe, or put some money into it? 12:30 Best ways for homeowners to mitigate equity or value loss during the economic downturn 14:05 Helping clients grow their wealth through real estate and why so many people use real estate to grow their wealth 16:55 The best way to get started in real estate for someone with 100k, 500k, or 1 million 20:45 Tax benefits for making it an investment 23:50 AirBnB 27:20 Annual contracts 29:05 Understanding regulations 32:40 What can previous downturns teach us about opportunities in real estate? 33:35 When the market turned back around in 2020 36:55 The cycle of peak and bottom in the market 39:00 Hottest real estate market right now 40:25 difference between residential and commercial real estate 44:25 Has there been a decline in commercial real estate recently? 48:35 Defining luxury 51:45 “We say make it look nice and classy, or in good taste, and then let whoever buys it put their own personal spin on it. You go spend a ton of money on something that you think’s just gonna knock their socks off, lights out, and they’re looking at it going ‘We’re gonna have to tear that out.’ You’re adding the cost to put in and they’re subtracting that out and adding in what they’re gonna have to put back in.” “They’re gonna have to repaint that cobalt wall.” 13:32 – https://www.instagram.com/alicelaneinteriors/ – https://www.instagram.com/alicelanehome/ – https://alicelanehome.com/ – https://www.facebook.com/AliceLaneHome – https://www.pinterest.com/alicelanehome / – https://www.youtube.com/alicelanehomecollectionsaltlakecity –News Letter: https://manage.kmail-lists.com/subscriptions/subscribe?a=HZENWY&g=PFcqV5 Learn more about your ad choices. Visit megaphone.fm/adchoices