• Home
  • News
  • Entertainment
  • LAD Originals

U OK M8?
Free To Be
Extinct
Citizen Reef

To make sure you never miss out on your favourite NEW stories, we're happy to send you some reminders

Click 'OK' then 'Allow' to enable notifications

Not now
OK

Elon Musk Sells All His Properties And Moves Into Tiny $50,000 Shack

Amelia Ward

Published 
| Last updated 

Elon Musk Sells All His Properties And Moves Into Tiny $50,000 Shack

Elon Musk, one of the world's richest men, has opted to live in a $50,000 (£35,900) box home at Starbase, Texas. Watch the company's introduction to the house in the clip below:

Loading…

It's located within the premises of his private space exploration company SpaceX, and it actually arrived there on the back of a truck.

Credit: Boxabl
Credit: Boxabl
Credit: Boxabl
Credit: Boxabl

The pre-fabricated housing unit is just 400 square feet, and Musk has said it'll be his primary home.

Writing on Twitter, Musk responded to someone who had commented on his modest lifestyle.

They had tweeted:

In response, Elon posted: "My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX.

"It's kinda awesome though.

Credit: Boxabl
Credit: Boxabl

"Only house I own is the events house in the Bay Area. If I sold it, the house would see less use, unless bought by a big family, which might happen some day."

The foldable property is made by a company called Boxabl, and the mini house is its Casita model.

The 20x20 units can be purchased on the company's website for $49,500 (£35,530) or as little as $250 (£180) per month and are potentially an option to solve the country's housing crisis. The homes can be constructed in less than a day.

Credit: Boxabl
Credit: Boxabl

The company's founder Galiano Tirmani said in a recent interview: "Boxabl's core mission is to solve the affordable housing crisis.

"Affordable housing is virtually extinct, and the number of rent-burdened households - those spending 50% or more of their monthly income on rent - is higher than it's ever been.

"What was already a problem before the pandemic has turned to a full-on crisis, as families face job insecurity and city budgets are dwindled by the urgency of the pandemic.

"An adequate solution to the housing crisis is a solution that offers more people affordable housing without the cost of expanding city infrastructure or the environmental toll of creating urban sprawl.

"We believe our Boxabl units are well positioned to do just that."

Topics: tesla, elon musk, Interesting, SpaceX

Amelia Ward
More like this

Chosen for YouChosen for You

Community

Woman marries her high school bully who she 'hated' as a teenager

11 hours ago

Most Read StoriesMost Read

You can get a VB button in your home that will deliver a case of beer every time you press it

5 hours ago