HGTV's Tarek El Moussa Talks Home-Buying Trends in 2017
Best of Cheddar • 5m 50s
Tarek El Moussa, host of HGTV's "Flip or Flop," discusses the rise of the housing market following the 2006 housing bubble and how flipping is on the rise. We discuss millennials' appetite for homes, and whether the rise of student loan debt is affecting the way the demo is buying property. Tarek says that he has noticed that millennials tend to buy homes that have already been flipped because they don't have money to put into renovating homes themselves. Tarek says that the most amount of money he has ever lost on a flip is $100,000, and that the key to a successful flip is to buy low enough that you are able to turn a profit. We also talk with Tarek about the upcoming season of "Flip or Flop" and what we can expect to see. We also discuss Tarek's upcoming trip to Houston, Texas. Following Hurricane Harvey he announced he would head down to assist with the devastation.
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