CNBC, working off anonymous sources, reported Dec. 4 that the billionaire who also runs SpaceX and The Boring Company has put his California houses on the market this year and he has told close friends and associates that he intends to move to Texas.
Noting that Musk is the world’s second-wealthiest person behind Amazon’s Jeff Bezos, CNBC reports that Musk “spends most of his time between Austin, where Tesla and his tunnel start-up Boring Company have operations, and a coastal village called Boca Chica, home to a SpaceX facility."
SpaceX has been operating in Texas since 2003. Earlier this year, Tesla opted to build a massive car factory just east of Austin. Tesla has said it plans to create at least 5,000 jobs in Austin, although experts suggest the final figure could be significantly higher. And late this year, The Boring Company started posting jobs in Austin.
Joe Rogan now Elon. Nice! Definitely going to help the market there.
Did you see the CEO of Dropbox just moved to Austin as well.
Tim Ferriss and Ryan Holiday as well. Beyond just the "famous" new Austin residents, we have a considerable amount of California real estate investment money flowing into the city. We already have a hot market, in two years my bet is that we will be looking back at 2020 and wishing we had invested even more.
I agree @Paul Sedillo ! The famous people make the news but the several thousand others that move are the ones making the market explode!
Is it too late for a new investor to get their foot in the door?
@Richard Rozo Not at all, so it all depends on your goals to determine if Austin is a good fit for you. Happy to chat about the market and opportunities anytime.
I'm not sure I have anything available for him right now, but I'll look at my current inventory. I knew I was dropping the ball on getting EV chargers installed in all my garages.