October 4, 2022

Elon Musk, the world’s richest man, said his main home is now a three-bedroom property he bought for $45,000, mostly for its location in Boca Chica, Texas, near his SpaceX facility.

“It cost about $45,000 or something like that,” Musk said Full podcast submission, which aired late Thursday. “It is too small”.

The home is within walking distance of the facility where SpaceX is working to build a “giant rocket,” Musk added. He noted that he also has a Small house with a box in Boca Chica, which he uses as a guest house for friends who come to visit.

Musk, who deserves an appreciation 268 billion dollarshas long attracted attention for his unusual lifestyle, such as a recent report that he had twins with its top executives last year, or around the time she had her second child with musician Grimes.

“My friends come over and they can’t believe I live in this house,” Musk said on the podcast. Asked if he likes living there, Musk replied: “If I’m there by myself, that’s fine.”

The home was originally a two-bedroom property, but Musk said he converted the garage into a third bedroom. He added that he is trying to change the name of the street from Weems Street to Meme Street.

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That $45,000 price is extremely low for a U.S. home, with the median listing price reaching $450,000 in June, according to Realtor.com. Musk did not say when the home was purchased, which could have happened before home prices spiked during the pandemic.

A property currently for sale on Weems Street, a 1,000-square-foot home billed as a “fix-up” for “SpaceX enthusiasts,” is are listed for $375,000.

Musk didn’t always live in a modest home. The billionaire reportedly had a $100 million real estate portfolio at one point, though in 2020 he tweeted that he was selling his properties and vowed to “own no house.”

In December, it was reported that Musk was actually living in an Austin mansion owned by Ken Howery, according to Wall Street Journal. Howery, who co-founded PayPal with Musk and others, bought the 8,000-square-foot house in 2018 for $12 million, when it was the most expensive property in Austin. according to Forbes.

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