Nicolas Cage admits he's homeless after life throws him an unexpected financial curveball
The actor had to temporarily leave his $10.5 million mansion in Malibu after a massive sinkhole damaged the property grounds.
Nicolas Cage is going through an unexpected setback that has disrupted his daily life. The actor acknowledged that he is currently homeless , after a massive sinkhole appeared next to his mansion in Malibu, California, and caused damage that prevents him from returning to the property. The situation has forced him to stay temporarily in hotels.
The confession came during his appearance at Los Angeles Comic Con on October 31. Speaking about his plans for Halloween, the star of Leaving Las Vegas explained that this year he would not be able to welcome neighborhood children to his home. "At the moment I'm a little homeless," he commented.
The unexpected problem that changed Nicolas Cage's plans
The situation contrasts with the actor's real estate holdings, as he purchased the Malibu property in 2024 for approximately $10.5 million. The oceanfront residence has now become the center of a problem that goes beyond material damage: Cage cannot use it normally and has had to seek accommodation elsewhere.
The incident began in September, when heavy rains and coastal erosion caused the ground next to the home to collapse. The sinkhole eventually affected the vehicle entrance and part of the exterior structures. Images released at the time showed large cracks in the asphalt and fragments of the property falling into the hole.
The consequences of the sinkhole in the Malibu area
The problem was not limited to Cage's residence either. Local authorities declared an emergency in the area and noted that 31 properties had safety or access issues. Seven homes were initially declared uninhabitable, while another 24 were affected by difficulties in ensuring safe access for emergency vehicles.
During his appearance at Comic Con, Cage also explained how he had had to change his family plans for Halloween. Instead of welcoming trick-or-treaters at his residence, he was planning to take his four-year-old daughter August trick-or-treating around Santa Monica. Then, once the little girl had gone to sleep, he planned to watch The Shining, the horror film directed by Stanley Kubrick.
While he remains away from his home, the actor has begun arranging the work needed to protect the property . He submitted several permit applications to the authorities just days after the incident, including one to place sandbags on the beach and next to the house in order to reduce the effects of wave action and erosion.
He also obtained authorizations to remove the asphalt remains, prepare the ground stabilization, and carry out excavations to collect soil samples. For the time being, it has not been announced
