Billionaire Elon Musk lives in a prefab ‘tiny house’ you can buy for just $50k

Billionaire Elon Musk, the world's third-richest man, has said his "primary home" is a tiny prefabricated house bought for just $50,000 (£36,000).

The Tesla founder said he rents the "awesome" 400 square feet unit from his company SpaceX and it sits on the land owned by the company at its Starbase headquarters in Boca Chica, Texas.

In a clip uploaded by Boxabl who designed the tiny prefab house, you can go on a virtual tour of the sleek and minimalist interior of the studio-style living space.

The house consists of a single square room zoned out into basic sections, including lounge space, a bathroom, a kitchenette, and a double bedroom.

It is a bit of a tight squeeze, with the plans showing a double bed pushed against the wall and just a single sofa in the living space and a television perched on a counter that appears to double-up as a dresser.

On the plus side, the design includes a dining table next to the bathroom and three people can probably snuggle up quite comfortably on the sofa.

The SpaceX CEO does own a larger house in the Bay Area but the tiny house he rents is where he normally lives, he said in a post on Twitter.

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He tweeted on June 9: "My primary home is literally a ~$50k house in Boca Chica / Starbase that I rent from SpaceX. It's kinda awesome though."

The billionaire added: "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 someday."

The company's founder Galiano Tirmani said in an interview with geekestateblog.com that the tiny houses were a direct response to the housing crisis.

He said: "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."

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