Saylor's Sour Note: The Bitcoin Evangelist's Curious Case Against Home Ownership Michael Saylor, the billionaire co founder of MicroStrategy and a vocal proponent of investing in Bitcoin, recently made headlines by advising against buying a house due to its allegedly crushing tax burden.
In an interview published on August 6th, he claimed that property taxes can be so high that they essentially negate any potential gains from home ownership – at least, not before the government gets its hands on the entire value of the property.
Saylor's argument appears to rely on some dubious arithmetic.