Elon Musk wasn't kidding, he's actually selling his houses.
Elon Musk wasn't kidding, he's actually selling his houses
A few days ago, Elon Musk tweeted he intends to sell all of his real estate. Now, it appears as if he's actually doing it.
"I am selling almost all physical possessions. Will own no house," the Tesla CEO tweeted on May 1. In a subsequent tweet, Musk specifically mentioned one of his houses, which used to belong to Willy Wonka and the Chocolate Factory star Gene Wilder. The reason behind the sale? "Freedom," he tweeted.
On Monday, Sam Shead, a tech correspondent at CNBC, noticed that two properties known to belong to Musk have been listed for sale on Zillow (via The Next Web). Specifically, Wilder's old house, located in the Bel-Air neighborhood of Los Angeles, is listed for $9,500,000.
"Updated, but carefully preserved unique, quirky and charming ranch style former home of Gene Wilder/Willy Wonka. Beautiful view property on this approx. acre promontory overlooking the stream, trees and white sand traps of the 13th green and 14th fairway on the Bel-Air Country Club Golf Course, with distant city views. Property includes approx. 2,800-sq.ft. 5-bedroom, 4.5-bath ranch home with oval pool and private guest cottage," the description on Zillow says.
Another property, also located in Bel-Air, is listed for $30,000,000.
"Built in 1990 and extensively remodeled with large entertaining spaces, high ceilings and fine finishes. Large master suite with separate dual baths and closets, family wing, 2-story library, theater, 2-room guest suite, lighted championship tennis court, wine cellar, gym, pool, vast grassy yard and fruit orchard. Motor court with 5-car garage," the description says.
Musk bought this property in 2012 for $17 million, so he's making a fair bit of profit on it. As for Gene Wilder's house, he purchased it in 2013 for $6.75 million.
Musk reportedly owns several other houses at a total value of more than $100 million. But if these recent listings are any indication, he really does intend to free himself of owning lavish mansions, which, honestly, is something most of us have already achieved.
Musk's real estate-related tweets came amid an odd (and at times pretty embarrassing) Twitter rant, in which he expressed his frustration with the coronavirus lockdown measures, indifference towards losing Twitter followers, and devotion to Mars and Earth. He also said Tesla's stock price is too high, partially inducing a fairly major stock price dump. Finally, he said his girlfriend, Grimes, is mad at him for selling his possessions, though it appears that didn't exactly stopped him from doing it.
Preparing for when the asteroid hits the earth. 🤫
ReplyDeleteProbably influenced by the girl he's been dating
ReplyDeleteShock horror. Man sells his house to fund project.
ReplyDeleteWhatever next. Working actually passes the time away and gives you a means to persue life.
he’s actually selling his house because we just went into deflation..
DeleteHim and McAfee have been hanging out and awake for the past week
ReplyDeletei use to admire him, but now questioning some of his statements and actions
ReplyDeletehe’s beyond brilliant. He’s selling off everything for what he can get today because deflation has just begun. He will rebuy everything he wants bigger better and newer for cheaper in 1-2 years.
Deleteso he’s a profiteer?
DeleteIs this actually a serious question..? We are talking about Elon Musk. What would ever give you the thought he wasn’t? Or anyone in business for that matter. . �� Not sure about you but I don’t know anyone in business that isn’t a profiteer and anyone smart enough with their own finances and equity to not be thinking of profit. If you were to do the contrary you will never have anything as your not profiting your giving everything away but how do you give anything away if you never profited? I think you’ll realize now your question isn’t the best.
DeleteHe just knows that we're entering an era that real assets are not a safe placement for your money anymore.
DeleteBaby is being born, rocky situation with mother of baby, is this a case of "weird plan to protect assets and avoid responsibilities" moment?
ReplyDeleteno it’s a logical economic decision on his behalf As He’s selling off everything for what he can get today because deflation has just begun. He will rebuy everything he wants bigger better and newer for cheaper in 1-2 years.
DeleteGiving it all up to follow his true passion.. Touring with Chippendales.
ReplyDeletehttps://media1.tenor.co/images/27c00d8bb1d9da8e12567d4f1e4d50df/tenor.gif?itemid=16004059&fbclid=IwAR14-mgVA7e-R2PAy_VAztiDAs-uaqAIbYrvMS6JJYkmpiOs5VFTxPPdNxQ
Has good reason to believe housing market correction incoming in 3....2....
ReplyDeleteExactly.
Deletethat’s what I was thinking
DeleteDeflation. . . Much worse then a housing market correction. But yes your thinking in the right direction.
DeletePreparing for when the asteroid hits the earth. ��
ReplyDeleteMaybe he knows the high-end market is super inflated and getting ahead of a real estate crash? He's known for going "all-in" on his business dealings. This fits.
ReplyDeleteGoing to Mars..
ReplyDeleteNot the time to be a seller.
ReplyDeleteHe probably has inside knowledge of market crash.
Deletelike being smart enough to foresee a market crash?
DeleteGreat time to be a seller. My home has increased 50% in value since I bought. It won't get much higher with a depression looming.
DeleteElon owns alot of AI companies that can very easily forsee the market crashes. Go search up Elon Musk's Ai companies.
Deletelol.. your gonna tell him or anyone else not to sell as a new cycle of deflation is about to begin? Common man.. think... just really take a moment and think.
Deleteif u can find a buyer to meet your price, then it works. Most of us cant afford a fire sale.
Deleteit’s a good thing he’s not relying on most of us to buy his house on a fire sale. I’m certain it will be an Elon musk fanatic of the individual with plenty of cash to spare that would love to own his home and sit on the same toilet as Elon did..
DeleteYou guys are overthjnking things. He’s selling his houses bcuz “freedom”. He’s not gonna OWN houses so he’s not tied down to any single spot.
ReplyDeleteUse your assets to buy Stocks :) why not....
ReplyDeletewhatever he tweets , he ends up doing . still waiting for the mecha , he said he's gonna build ��
ReplyDelete2022 the first man flights leave the planet to colonize Mars and they can't come back till they can make the fule on Mars. They are jumping ship like I was telling u .
ReplyDeleteSmart guy. My bet is that he’s foreseeing a significant crash in the real estate market.
ReplyDeleteI would agree, but doing it so publicly seems weird. I think he’s having a breakdown.
DeleteEveryone seems to forget that Elon Musk is one of the most brilliant marketers of our time :)
ReplyDeleteHe’s doing it publicly for the virality.
Probably selling now so he can buy back once the crash happens. Crashes are great business opportunities
DeleteMaybe he knows the property market will crash soon
ReplyDeletesounds like he is moving to Mars soon!
ReplyDeleteGetting ready to move to the Moon or to Mars??
ReplyDeleteHe’s pretty young to already be having his Howard Hughes moment.
ReplyDeleteHe's probably putting money into his space x program
ReplyDeleteIt's probably because he knows something we don't. I find this VERY worrying.
ReplyDeleteThat’s what I thought too.
Deleteno it's because he didn't get his bonus, and since most of his wealth is fictitious, he's having to liquidate things here owns that have actual value in order to pay bills, or to have less bills to pay.
Deletethe rich in Hong Kong are selling properties at bargain price they are selling now while it has high value then buy at the rock bottom..
DeleteMusk is a master in marketing. So he sells his houses with tens of milions of dollars profit. Is the billionaire now moving into a van or a tent, or is he sleeping on the couch in his office?
ReplyDeleteMy guess is that he'll be following Bill Gates' footsteps and build a $100M high-tech house on a private island, Musk style. He won't own it, of course, as it will be owned by a Musk-owned corporation.
only if that island is 50 ft above sea level would I see mr musk doing such a thing...
DeleteEven rich people can suffer mental illness.
ReplyDeleteIs he going to live in space?
ReplyDeleteA man of many values showing the way to rid oneself frpm opulence - nearer home we have one family in mumbai lini g in a 15,000 cr house most obscene wirh so much of poverty atound esp. DHARAVI.
ReplyDeleteWhen you look at the person he married and she's having a baby it seems pretty clear that having no house just means no house a lawyer can snatch in divorce proceedings. And you ain't getting telsa stock because his assets vest in stock options at a later date. And he only pays himself $50k a year. And his ex wife has taken a few large servings already.
ReplyDeleteIt's asset restructuring. He doesnt want to pay to maintain something that is vulnerable to being taken.
him and Grimes aren’t married though
Deletetrue, even more reason for him to dump his mansions.
DeleteIt's a stock buyback play. He's expecting to shut down again in a few weeks and the market is going to crash. He's gathering cash and setting up Tesla stock to bottom out hard so he can buy it up in a few months. Pretty sure none of his houses or cars are actually in his name (most billionaires only have about $100k in "salary" but they also have "housing allowances" and other tax dodging "expense accounts" and their "bonuses" are almost always paid to some sort of tax haven trust) so he can't personally take much profit from their sales and that would also make alimony/child support claims much trickier to pull off.
DeleteHe probably has insider information that the housing market is going to collapse.
ReplyDeleteyea cause that's possible
DeleteWhy ? Is he taking his first flight to Mars ? ;D
ReplyDeleteHe sounds like he could possibly need some assistance stabilizing.
ReplyDeleteEven rich people can suffer mental illness.
ReplyDeleteHe is not the only billionaire doing this there is another one and it makes sense bc if you have deep pockets who need a huge mansion that is unoccupied and cost money to upkeep... I think he needs all the money he can get to compete with other companies like Jeff Bezos.
ReplyDeleteHousing market is at a high and will collapse soon... he is just cashing in the profits
ReplyDeleteMaybe he knows the property market will crash soon
ReplyDelete"Can't force me to quarantine at home if I don't have a house! Ha! Gottem!" - Elon Musk
ReplyDeleteXD lmfao what a guy
Maybe he is just bored of people and wants a simple life hidden away from everyone. Buy a canoe paddle around and drink herb tea lol ;D
ReplyDeleteWell I guess he could move into one of his Starship tank shell's...
ReplyDeleteHis houses are too expensive. ;P
ReplyDeleteJust what California needs one more homeless person
ReplyDeleteIf he’s doing it for minimalist reasons and letting go ... I’ll buy one for $100.
ReplyDeleteyou would lose the house in 3 years from not being able to pay the taxes on it
Deleteugh .... it’s a joke dude! It’s an absurd statement that is absurd as his latest statements about moving away from materialism
Deleteright and I replied with a joke to your post. But then again mine was actually funny.
DeleteI got 5 likes so far. Do you see it? Pretty awesome.
DeleteHe can rent a room off me... won't be cheep ;D ;D ;D
ReplyDeleteAre u gonna transfer to mars?
ReplyDeleteTime to go to Mars because Earth is contaminated already
ReplyDelete