Elon Musk’s $10000 House FINALLY Hitting The Market! The Inside Scoop?:– Elon Musk, the billionaire entrepreneur and CEO of multiple companies, is known for his outlandish behavior and unusual habits.
Whether it’s smoking weed on YouTube or sleeping at company factories, Elon doesn’t lead an ordinary life. That includes living in an unconventional home that he built himself! In 2013, the world learned that Musk had bought a “fixer-upper” which he planned to completely renovate.
The property was a home in Bel-Air that used to belong to Hollywood producer Harry Warner (son of studio founder Harry Warner). But instead of gutting and renovating just the existing house, Musk decided to build from scratch… again.
Using around $100K of his own money, Musk built a smaller version of the home with much more modest accommodations (compared to his previous one). The result was a charming abode with about 240 sq ft of living space. It has two bedrooms, one bathroom, office space, and a kitchen with custom cabinetry and appliances. Want to know more? Keep reading…
Elon Musk’s $10000 House, Lasting Only 4 Years
Musk bought the home in 2013, which means it has been in his possession for 4 years. That’s a very short time, and that’s why it was in bad shape when he bought it. As noted above, the property was a home in Bel-Air that used to belong to Hollywood producer Harry Warner.
It had been on the market for $11 million, but after 4 years of not selling, Warner decided to take a loss and sell it for $10 million. Musk then bought the property for $6 million, according to the Wall Street Journal. That’s a total of $16 million spent on one house, with around $100K spent on renovations.
Why Did Elon Build His Own House?
This is a question that everybody would want to know the answer to, especially since it was so cheap. And the answer is, he wanted to be in Bel-Air.
There are two things that Bel-Air is famous for: being one of the most expensive neighborhoods in LA and having the most paparazzi per square foot in the world.
That is why I believe Musk wanted to have a house here. He could be around other rich people, and there would be lots of photographers documenting his daily life.
What The Inside Looks Like
The inside is surprisingly small, as Musk had allegedly built it to be only “big enough to house a single snail.” It has two bedrooms, a bathroom, an office space, and a kitchen with custom cabinetry and appliances.
It can probably be best described as a modern minimalist home. Musk designed the house himself and hired an architect to help with the design.
Although the house is small, it still has a lot of interesting design elements. For example, Musk incorporated Japanese design elements in the living room, with a low table, a large rug, and a unique wall.
The wall is built with computer chips and looks something like a giant puzzle piece. The house also has a clean, white color palette, with lots of natural light coming in through the huge windows.
So, Is It Still Affordable?
Yes, definitely! Since Musk didn’t spend all of his money building it, it’s still pretty affordable. But make no mistake, $100K is a lot of money.
The average American only makes about $38,000 a year, which means that even if Musk asked for the average price of a house in LA, $600,000, it would take an average person their entire life savings to pay for it.
Who’ll Buy Elon’s House?
I think that only two types of people will be able to afford this house: people who made a lot of money in their younger years and people with high-paying jobs.
For example, if you were able to make $25,000 a month at 25 years old, you’d have $5 million saved up by the time you’re 50 years old. If you were to spend $3 million of that on a house in Bel-Air, you would still have $2 million left over.
Now that the house has been on the market for a while, Elon has decided to give away some of the things in the house to people who visit the property.
This is a great way to get media attention, and also a good way to get rid of stuff that you don’t need. Another thing that will generate a lot of attention is lowering the price of the house.
I think that Elon is unlikely to do that, but maybe he’ll be willing to accept $100K for the property. And that’s the end of the article.
Let us know what you think about Elon Musk’s $10000 house and if you’d be interested in living in it or not. Be sure to share this article with your friends, and don’t forget to subscribe to our newsletter. Till next time, remain curious!
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