Podcasts Business Investing Rental Property Owner & Real Estate Investor Podcast EP219 How will Housing Do in the Next Recession? Mike VanderWoudes Perspective on the past five recessions, the Corona Virus, and the 4-unit he bought from me.

EP219 How will Housing Do in the Next Recession? Mike VanderWoudes Perspective on the past five recessions, the Corona Virus, and the 4-unit he bought from me.

Published: March 16, 2020, 5 a.m.

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Are we heading into another recession?\\xa0 If so, how will it affect housing and real estate prices?\\xa0Mike VanderWoude doesn\\u2019t have a crystal ball to answer that question, but what he does have is historical data from the previous five recessions to help us understand what might happen.\\xa0 And you\\u2019ll probably be as surprised as I was by his answers.

And if you\\u2019re wondering what effect the Coronavirus is having on real estate so far, Mike also shares his \\u2018on-the-ground\\u2019 perspective in a quick update at the end of this episode.

Mike is an Associate Broker at Edison Brokers + Co in Grand Rapids, Michigan.\\xa0 He was also a guest on Episode #79 where we discussed his dilapidated & run-down 2-unit that he had purchased and renovated on the West-side of Grand Rapids.\\xa0It was right next door to a 4-unit that I owned.\\xa0 Since then, Mike has purchased my 4-unit and he\\u2019s going to let us know how its working out.

I believe you\\u2019ll find great reassurance from Mike in this episode that, based on historical data, real estate is likely to do okay during these turbulent times.\\xa0 You\\u2019ll also learn the value of \\u2018controlling the corner\\u2019 and playing real life \\u2018Monopoly\\u2019.\\xa0You can get in touch with Mike by email or phone:

Mike@grar.com

616-914-1556

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