HGTV stars share housing ‘hack’ for aspiring homeowners facing affordability issue

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HGTV personalities Elizabeth and Ethan Finkelstein, who star in “Cheap Old Houses,” spoke about their “house hack” of buying and restoring cheap historic homes.

The dream of owning a home in the United States has been stifled for many in recent years thanks to surging interest rates, low inventory and high inflation. But HGTV stars Elizabeth and Ethan Finkelstein, who host the series "Cheap Old Houses" and run a wildly popular Instagram account with the same name, say they have overcome significant market changes through a "house hack.

there was huge price increases. Throughout the lumber crisis, there was all these shortages on what we had as inventory… we were restoring buildings during that time, we didn't have price spikes because we were fixing what we already had.""Now we have interest rates that are super high," he continued. "You know how we're avoiding the interest rates? We're buying houses that are super affordable and really low-priced to keep the interest rates down.

 

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