Elon Musk cannot stay out of the news. It's not Bitcoin this time, it's the stuff he owns, since everyone loves to talk about billionaire possessions. Yesterday, he tweeted that he has decided to sell the last of his remaining homes in San Francisco.
Musk and fellow billionaires (Bezos, Buffet, etc) have been in the spotlight lately after a ProPublica report was released disclosing that billionaires paid little or no income taxes for several years. Musk paid no federal income tax in 2018 and less than $70k in 2015 and 2017. Last week, an IRS official said that the ProPublica data has been referred to the FBI. (yikes)
Musk, in true Musk fashion, first announced his plans to sell all his homes and possessions a year ago, and within days put two of his California houses on the market. Musk currently lives in a $50k house in Boca Chica that he rents from SpaceX. He's not complaining though, he tweeted: "It's kinda awesome."
Short Squeez Takeaway: Haters will say the move is a publicity stunt, after the recent ProPublica report and the constant criticism of how much wealth he has amassed (~$150 billion). But if the 2nd richest person in the world can stay in a $50k house, you can probably too.