John Woodley on Real Estate and the Economy | Investing Basics

Dear Alice | Interior Design

Alice Lane

Design, Visual Arts, Arts

4.6 • 1.4K Ratings

🗓️ 2 March 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

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? 2:45Buyer confidence 5:45Things that are the most important to upgrade 8:10Is it better to play it safe, or put some money into it? 12:30Best ways for homeowners to mitigate equity or value loss during the economic downturn 14:05Helping clients grow their wealth through real estate and why so many people use real estate to grow their wealth 16:55The best way to get started in real estate for someone with 100k, 500k, or 1 million 20:45Tax benefits for making it an investment 23:50AirBnB 27:20Annual contracts 29:05Understanding regulations 32:40What can previous downturns teach us about opportunities in real estate? 33:35When the market turned back around in 2020 36:55The cycle of peak and bottom in the market 39:00Hottest real estate market right now 40:25difference between residential and commercial real estate 44:25Has there been a decline in commercial real estate recently? 48:35Defining 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

Transcript

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0:00.0	Welcome to Dear Alice, a lifestyle approach to interior design.
0:16.0	Hi guys, I don't know if you have been to our website at AliceLaneHome.com, but it's
0:27.7	such a great way to kind of peruse what we have been curating. We curate from
0:31.9	thousands of vendors, and my favorite part is our exclusive japanic collection.
0:36.6	These are things that we are designing and building in-house, and we can't wait
0:40.8	to get in your home and for you to have some one-of-a-kind pieces. There's lots
0:44.3	of variety, there's new products added all the time, and it's super easy to find
0:48.4	what you're looking for. They're broken into categories, and it's a pretty website,
0:52.7	so please go visit it, and because you're a listener and we love that you're
0:56.9	here, we want you to have a discount, so for 10% off, use Code Dear Alice 10 on all
1:03.5	your online purchases. We're so excited you're here with us, and enjoy the rest of the podcast.
1:08.2	Hello everyone, and welcome to Dear Alice. We have a special guest with us today. We've
1:14.2	got John Woodley. He is a real estate expert here in the Wasatch Front area.
1:19.8	Yeah, we work up and down the Wasatch Front, and Wasatch Back. We do, and wasatch Back.
1:24.9	Nice. We got the front of the back. I love it. That's great. So John specializes,
1:33.4	they have Woodley real estate, he and his brother, and they specialize in the high-end luxury
1:38.2	market in real estate, as well as class A office space. So they're kind of unique in that they
1:43.4	hit both things, and they're also our realtor for Alice Lane in getting our commercial,
1:49.4	both leases over the last, gosh, like 15 years, and then the most recent purchase of our land
1:57.1	project that we just completed. So anyway, we're big fans, and we just felt like it was time to
2:02.0	get an expert on the show to talk about this market. It feels like it comes up in conversations
2:07.6	socially for me, and also in business all day every day. So we were like, let's get somebody
	...

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