Elon Musk officially owns no houses, but why?
Last year, Elon Musk, the world's second richest man made a pledge that he would own no houses one day.
One user bluntly asked the billionaire "why?" to which Musk responded with a simple "freedom."
One user bluntly asked the billionaire "why?" to which Musk responded with a simple "freedom."
Now, he has fulfilled his pledge.
Last week, Musk has sold his 'last remaining house' in Silicon Valley for $30 million, $7.5 million less than the original $37.5 million asking price when it was first listed in June.
He struggled to sell the home, listing it three times before finding a buyer. Now, Musk lives in a home he rents worth $50,000 in Boca Chica, Texas.![]()
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Last week, Musk has sold his 'last remaining house' in Silicon Valley for $30 million, $7.5 million less than the original $37.5 million asking price when it was first listed in June.
He struggled to sell the home, listing it three times before finding a buyer. Now, Musk lives in a home he rents worth $50,000 in Boca Chica, Texas.
It is to mention that previously, Musk had said that he was selling almost all of his physical possessions to defuse criticism of his wealth.
While speaking to podcast host Joe Rogan, Musk said, "I think possessions kinda weigh you down. And they're kind of an attack vector. People say, 'Hey, billionaire, you got all this stuff.' 'Well, now I don't have the stuff — now what are you gonna do?''
Mooers, do you agree with what he said? Why do you think Musk sold all his masions?![]()
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$Tesla(TSLA.US$
Source: Daily Mail, Mansion Global
While speaking to podcast host Joe Rogan, Musk said, "I think possessions kinda weigh you down. And they're kind of an attack vector. People say, 'Hey, billionaire, you got all this stuff.' 'Well, now I don't have the stuff — now what are you gonna do?''
Mooers, do you agree with what he said? Why do you think Musk sold all his masions?
$Tesla(TSLA.US$
Source: Daily Mail, Mansion Global
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Patek1975 : Tesla to the moon
G Michelle : Go to moon
Revelation 6 : I do agree Musk on his viewpoint here. To start with, he’s had his wealth for awhile now so he’s had time have the nice houses and all the expensive toys. So from that aspect he’s “been there, done that.” Then there’s the social, oops, I mean the socialist climate that’s going around the United States right now where people think that Musk should just give away all of his money because he can afford it and he didn’t work for it any way. That’s not true, he did earn his money and he’s probably tried of listening to these whiny students crying about it. Then there are the Spendocrates in Washington D C and state capitals that have set their sights directly on “Tax the rich”. Even though 93.7% of all federal taxes are paid by the top 10% of the taxpayers. The bottom 30% pay nothing at all and that’s not counting the ones who have AGI’s of zero or less. They even have the wealthy paying taxes on money they haven’t even made yet. So it’s to understand why he sold his shares in Tesla. Taxes are less this year and he was going to be taxed on them if he held them in to next year anyway. I also think a big thing with Musk is paying taxes. You own a multi-million dollar home, you pay big taxes to buy, sell and yearly live in it. Big expensive cars, same thing sales tax, road tax every year, sales tax. He rents a 50,000 home he avoids paying all the mega taxes and maintenance of a million dollar home. And at the same time give Washington the big middle finger. My thoughts. Just saying.
Robert Eng Pao Yung : THIS TIME ALL TO THE MOON WHEN MARKET RECOVER BACK. NOW JUST ONLY BUY MORE DIP
layla lili : yes
kc003 : He did so because he can.
虎猪密友 :
Tiggerpepper : He Doesn’t want to.
70185181 : When Musk sells his stock, the stock falls sharply or even falls to the bottom. When Musk sells his house, it is likely that housing prices will plummet or even cut to the bottom.
Nick374523 : As long as he’s free what does it matter
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