Elon Musk unveils unknown details about his $50K Folding House: On June 10, 2021, Elon Musk revealed that he lives in just a $50K house and not in a billion-dollar mansion. Musk’s goal is straightforward: to have enough capital to colonize Mars.
But his choice to live in a 400-square-foot prefab small house isn’t only about saving money to fund his mission and a whim of minimalistic enlightenment. But Elon Musk has a secret to WHY he lives in one. Keep watching to find out.
Musk’s House Is Cheaper Than His Tesla
While the multibillionaire could choose among the world’s most opulent mega-mansions, he appears to be pleased with his small $50,000 house, which is worth less than the mogul’s favorite Tesla Model S.
Elon Musk said last year on Twitter that he was liquidating his entire property holdings to focus on his interplanetary goal to send humans to Mars — he created the aerospace business SpaceX in 2002.
He published further information about his new, basic living circumstances on the social site in June 2021: “My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It’s kinda awesome though”, he wrote.
Musk announced his desire to downsize in May 2020 on Twitter: “I am selling almost all physical possessions. Will own no house”. The billionaire then listed every single one of his homes, except for this magnificent estate in San Francisco, which just sold for $37.5 million on Zillow.
Musk surrendered ownership of all of his real estate when it was sold. Elon has already sold seven of his homes, including this 16,000-square-foot castle and a ranch-style home originally owned by Hollywood legend Gene Wilder.
Musk revealed shortly after advertising the homes that he had relocated to Texas, where his partner, musician Grimes, owns a property — the pair has a one-year-old boy named X A-XII, known as X.
One thing is certain: the entrepreneur’s new home in Texas is a little more modest than his old mega-mansion. His new home comes from a firm called Boxabl, which sells ultra-modern folding dwellings made in a factory atmosphere using cutting-edge materials and loaded with the newest technologies. These box homes are delivered directly to your backyard and can be set up in less than two hours.
What Is Boxabl and How Does It Work?
These days, we buy a lot of things straight out of the box. What about your house, though? We’ve all been taught to believe that homeownership entails a 30-year mortgage and 2,600 square feet to call our own, yet this mindset has made homeownership generally impossible, and those who do take the plunge end up wasting years of their lives figuring out how to pay for it.
The internal conflict is real: should I save money for a down payment on a house, or do I invest in life experiences and travel before settling down? However, if I go, it will put me further behind in terms of being able to purchase a home.
The first question that comes to mind while discussing Elon Musk’s tiny home option. Boxabl is, in fact, a whole home that arrives in a box and can be unpacked in less than an hour. You could indeed assume it’s just four walls and a roof, but it’s much more.
A full-size kitchen with a refrigerator, dishwasher, microwave, and cupboards is included in a Boxable tiny house. Yes, there is a window in the sink. A deep shower/tub, a vessel sink, a large counter, and a sliding glass barn door characterize this bathroom.
375 square feet of living area with high ceilings and large doors and windows. A Boxable also has heating and air conditioning. Elon Musk’s modest residence will serve him well for a long time because Boxabl houses aren’t made of low-quality materials.
The design was created to be extremely durable and non-degradable. Concrete, steel, and foam are the primary components, all of which are long-lasting. It’s designed to withstand hurricane-force winds. There is no wood or sheetrock, thus no mould or water damage may occur. Although nothing is completely fireproof, the boxable is constructed of non-combustible materials.
Inside Elon Musk’s $50K House
Elon Musk is said to be living in a little tiny house constructed by the housing business Boxabl. While co-founder Galiano Tiramani has not publicly acknowledged that Musk has moved into one of the company’s Boxabl Casitas, the brand did indicate in a recent promotional video that a unit was being installed “for a top secret customer.”
The revolutionary design folds up for simple transit before being quickly constructed onsite and can be set up in only one day. The innovative prefab property is believed to be placed near the Starbase launch location in the southern Texas town of Boca Chica.
Elon rents his little house from SpaceX for slightly under $50,000, and the property is said to have 375 square feet of living space. Surprisingly, the compact floor concept fits a lot into a little area.
The inside is separated into four sections: a full-sized kitchen with a wraparound breakfast bar, a comfortable lounge, a cozy sleeping zone, and a sleek, streamlined bathroom. Lofty nine-foot-high ceilings and swathes of windows that enable natural light to sweep in emphasize the airy, open flow of the living rooms.
LED strip lights strategically placed offer task illumination in the key functional regions while keeping household expenses low. It’s unknown if Elon’s partner, Grimes, and their young son X live in the little house as well, but we imagine there’d be plenty of room for the family of three.
An ingenious room divider divides the living room from the bedroom area in this design, including a cozy electric fireplace sunken into the wall. Boxabl’s flat-pack home designs are customizable, so Musk was likely able to put his distinctive take on the inside.
While some modest house kitchens have small appliances and little counter space, this one features a huge fridge, oven, microwave, double sink, and dishwasher. Crockery and glasses can be stored in white shaker cabinets and glass-fronted display cupboards.
Although the flat-pack small house cannot fit a complete dining set, the kitchen countertop has been imaginatively expanded to form a breakfast bar for two. It’s just one example of the diminutive property’s creative use of space, tucked around the bend at the side of the street.
Another feature is the kitchen’s innovative space-saving storage options. In the corner cabinet, a revolving circular carousel makes use of every inch of the uncomfortable nook, while a small pull-out unit incorporates suspended metal pots for storing cutlery and culinary equipment.
Every power outlet has integrated USB connections and comes complete with heating and air conditioning – ideal for the tech mogul. Furthermore, Boxabl claims that the property’s electricity expenditures are only $28 per month on average, owing to superior insulation and power-saving technologies.
The bedroom, which is located behind the sitting area, makes good use of the available space. Two half-sized wardrobes with hanging space have been squeezed under the room divider’s worktop, while cubby holes and drawers are ideal for keeping accessories and mementos.
The bathroom is hidden behind a glass barn door, and while its footprint is small, it packs a punch, with everything from a wide vanity counter to a deep bathtub or shower depending on the resident’s preferences.
There’s lots of storage in this sleek and streamlined design, and the enormous illuminated mirror adds a touch of luxury to the modern scheme. The fittings, from the matte black faucet and showerhead to the glass basin bowl, have received special care. Plus, that walk-in shower is anything but small!
While this elegant pocket-sized home is a significant reduction for the multi-billionaire tech entrepreneur, Elon is far from slumming it.
Test For Mars
Musk’s strategy for accomplishing his out-of-this-world aim of colonizing Mars requires going to any length. That entails selling a multimillion-dollar real estate portfolio and relocating into a $50,000 rental property. A house so small and light that Tesla can move it without the aid of semi-trucks.
Furthermore, his little home does not resemble the adorable minimalist villas perched atop gorgeous landscapes with million-dollar views that you may see in architecture magazines or on Airbnb’s list of unusual residences.
His rented modest house is on the desolate grounds of SpaceX in Boca Chica, Texas, a remote place devoid of the elegance associated with the millionaire lifestyle. But Musk’s objective isn’t to have the greatest house in the finest neighborhood, but to build communities and homesteads on other planets.
And how that happens is determined by factors other than a large sum of money. It needs an equal level of planning, testing, and preparation. When you look at Musk’s Mars plans, you’ll note that the dwellings don’t appear as if they belong in a metropolis like Manhattan, nor do they look like your typical white-picket-fence-clad suburban development.
Building structures on another planet would naturally differ from what we’re used to seeing on Earth. Buildings would need to be created swiftly and easily, using as little energy as possible, to properly build a colony on Mars.
In other words, the colonization of Mars would need a very efficient and precise approach. One that resembles an assembly line but uses the most modern production technologies.
One variable in the success of this procedure would be the use of very compact, lightweight, and easily carried components, similar to Elon Musk’s present residence, Boxabl. That’s correct, Musk looks to be living in a $50,000 prefabricated small house for product testing purposes.
Musk is not only experimenting with the house itself. He could have simply downsized and relocated to almost anywhere. Nonetheless, he picked Boca Chica, an area of miles of flatlands 40 minutes from town. A place that, in many ways, resembles what life on Mars would be like.
It all comes down to his dedication to his aim. Musk has declared that “when Tesla and SpaceX go bankrupt, I will go bankrupt personally.” But the idea of Musk’s small house isn’t just that he’s all-in with skin in the game, but that he’s ready to live his vision while also assisting it is coming to reality.
Musk stated in an interview, “I think possessions kind of weigh you down.” And, while that idea is central to minimalism, the seemingly universal phrase means a lot coming from a guy on a mission to inhabit a planet 246 million miles away from Earth.
It’s not enough to know where you want to go; you also need to know how to get there, which is an important aspect of understanding how to launch like Elon Musk.
Product testing is an example of where Musk does a wonderful job of using his brilliance as a critical part of the strategy that drives his success, and it is a vital aspect of the strategy that drives his success. Musk is looking forward to the future after reducing his opulent lifestyle.
The entrepreneur plans to use his money to build a Mars colony to sustain multi-planetary life, and he’s getting closer to his goal of visiting the red planet this decade. He hopes to finish his first crewed expedition by 2026, followed by the establishment of a self-sufficient Mars outpost by 2050.
Tiny living certainly makes room for huge aspirations. The most successful entrepreneurs don’t simply dream big; they’re fiercely devoted, even if it means putting everything on the line to make what appear to others to be impossible goals a reality.
And this is not just simply going all-in monetarily, but also in all aspects of achieving a goal. It is the entrepreneurs, such as Elon Musk, who are capable of accomplishing the inconceivable!
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Information Source: Elon Musk Live