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You should check your facts. Elon doesn’t own any houses, he lives in rentals. Also in 2008 when he didn’t even have money for that after putting all his PayPal

You should check your facts. Elon doesn’t own any houses, he lives in rentals. Also in 2008 when he didn’t even have money for that after putting all his PayPal money into the startups, he was living at his friends’ places. But the main point is the side comment: I’m having fun coding whenever I want to, but I strictly do non-payed hobby projects, as I don’t want to get into commitments ever again.

mupuff1234 5y ago
And how do you know what you stated are actually facts?
- xiphias2 5y ago
  `Just look at the tax law of California, I wouldn’t own a house there either.
  - saithier 5y ago
    You mean the state with one of the lowest effective property tax rates in the country? Your property tax is pegged to 1% of the purchase price, and essentially never goes up ever again. One of the only (if not the only) state where that happens. The main reason not to own in CA is the insane purchase price, not the taxes.
- cloudwalking 5y ago
  Multiple books and first-party reports. Hundreds of interviews.
  - deleted 5y ago
    [deleted]
- trashtester 5y ago
  He claimed to plan to offload all his 7 houses in 2020, and it seems that this was completed only a few weeks ago.
vel0city 5y ago
Loads of wealthy people live in houses that they themselves don't directly own. Instead they'll form a real estate LLC that owns property, pays contractors to maintain the houses, and the people will then pay rent to their own LLC to live there to cover the maintenance costs and whatever mortgage/debt the LLC has.
FireBeyond 5y ago
Everyman non-home-owning Musk: https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50-000-house-he-doesnt-talk-about-the-austin-mansion-11640188548?mod=mhp https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50...
- xiphias2 5y ago
  The link you sent doesn’t confirm the comment that he owns lots of houses. Of course he won’t live in a bad place, but that doesn’t mean that we shouldn’t stick to facts.

mupuff1234 5y ago

And how do you know what you stated are actually facts?

xiphias2 5y ago
`Just look at the tax law of California, I wouldn’t own a house there either.
- saithier 5y ago
  You mean the state with one of the lowest effective property tax rates in the country? Your property tax is pegged to 1% of the purchase price, and essentially never goes up ever again. One of the only (if not the only) state where that happens. The main reason not to own in CA is the insane purchase price, not the taxes.
cloudwalking 5y ago
Multiple books and first-party reports. Hundreds of interviews.
- deleted 5y ago
  [deleted]
trashtester 5y ago
He claimed to plan to offload all his 7 houses in 2020, and it seems that this was completed only a few weeks ago.

vel0city 5y ago

Loads of wealthy people live in houses that they themselves don't directly own. Instead they'll form a real estate LLC that owns property, pays contractors to maintain the houses, and the people will then pay rent to their own LLC to live there to cover the maintenance costs and whatever mortgage/debt the LLC has.

FireBeyond 5y ago

Everyman non-home-owning Musk: https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50-000-house-he-doesnt-talk-about-the-austin-mansion-11640188548?mod=mhp https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50...

xiphias2 5y ago
The link you sent doesn’t confirm the comment that he owns lots of houses. Of course he won’t live in a bad place, but that doesn’t mean that we shouldn’t stick to facts.