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Comment by xiphias2 | Hacker News Reader

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.

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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.

Everyman non-home-owning Musk: https://www.wsj.com/articles/elon-musk-says-he-lives-in-a-50...

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.

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

`Just look at the tax law of California, I wouldn’t own a house there either.

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.

Multiple books and first-party reports. Hundreds of interviews.

He claimed to plan to offload all his 7 houses in 2020, and it seems that this was completed only a few weeks ago.

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