Nicholas Cage Says He’s a ‘Bit Homeless’ and ‘Living in Hotels’ After Sinkhole Damaged $10.5 Million Malibu Home

Actor Nicolas Cage has been displaced after coastal erosion caused a growing sinkhole in the driveway of his Malibu, CA, home."I'm currently a little bit homeless," the "National Treasure" star, 62, said at an Oct. 31 appearance at L.A. Comic Con. "Something happened to my house in Malibu, so I'm just sort of living in hotels so I don't have normal trick-or-treaters I would like to enjoy tonight."Cage was still in the spooky holiday spirit, noting that he had planned to take his daughter, August, 4, trick-or-treating in Santa Monica later that night.The devastation comes just two years after Cage snapped up his 4,000-square-foot beachfront home for $10.5 million. The 30-square-foot sinkhole that first appeared on Cage's property collapsed on Sept. 6, leaving a 900-square-foot sinkhole in its place. Loading...Nicolas Cage has said he is a "little bit homeless" after a sinkhole caused significant damage at his Malibu, CA, home.Neilson Barnard/Getty ImagesLoading...Officials believe the sinkhole, which was initially 30 square feet, was caused by coastal erosion. I RYU/VCG via Getty ImagesLoading...The home is located in an exclusive gated community called Sea Level Drive. I RYU/VCG vi...