Elon Musk Sold All His Homes: Here’s Why

CEO of SpaceX and Tesla companies in May 2020 Elon Muskshared an interesting decision he took on Twitter. Musk will sell almost all of his physical assets, won’t have any home had explained. After this decision, which we are not used to seeing from billionaires, Musk really sold most of his houses.

But there is a house that Musk has not yet completely sold. Elon Musk, on Twitter last June, was asked if he had sold all of his houses, which he gave to rent for events. that he sold all his houses except one had explained. Then, five days later, he stated that he decided to sell this house as well. He added that the house is a special place and that it should be owned by a large family who will live there. Here are some new developments about that house.

The sale of the house is almost complete:

Located in Hillsborough, California, that house is on the real estate site Zillow. From 31 million 990 thousand dollars listed. An update was made to the advertisement, which has remained the same until today, and the status of the advertisement has been changed. The status of the home listing is now ‘which means that the seller has accepted the offer but is negotiating the terms of sale with the buyer’.Contingent‘ was tagged. In other words, an agreement has been reached for the sale of the house and the conditions under which the sale will be made are now being discussed.

The house, which Elon Musk sold for approximately 32 million dollars, is located on a land of approximately 190 thousand square meters. The house, built in 1916, 7 bedrooms, 10 bathrooms, a library with leather-clad walls and an enlarged kitchen equipped for private chefs and has much in common with other mansions.

So why did Elon Musk sell all his houses?

Although Elon Musk did not explain exactly why he sold his houses, he made some statements pointing to this. In February, Musk will not have any assets other than company shares expressed. Then on busy working days in the factory or you like to sleep in the office, but stated that of course she needs a place for her children. He announced that he could rent a house for this.

In the same statement, Musk said that he thinks it’s important for humanity to become a space civilization and a multi-planet species, and that it’s important to build a city on Mars. It will require a lot of resources stated. On top of that, “I want to be able to contribute as much as possible to the city on Mars. That means a lot of capital” He gave a sign as to why he was selling their house by using his expressions. It can be said that the ‘tax’ discussions also contributed to Musk’s sale of all his assets.