Michael Saylor advises investors to skip home purchases, cites Florida property taxes

Bitcoin billionaire Michael Saylor, founder and chairman of Strategy, warned that buying a home is not the best way to build wealth. He highlighted the high cost of home ownership, especially in Florida where a 2 % annual property tax means the tax burden equals the purchase price in roughly 36 years, adding to mortgage interest, insurance and maintenance expenses.

Saylor argued that scarce, income‑producing assets such as commercial real estate, private‑company shares, collectibles and public stocks offer stronger wealth preservation. He illustrated his point with a Miami Beach example: an acre of waterfront land that cost about $10,000 a century ago now sells for $10‑20 million, showing the dramatic appreciation of commercial property compared with residential holdings.

While still acknowledging that a house is a better store of value than cash, Saylor reiterated his earlier stance that investors could mortgage their primary residence to buy Bitcoin, underscoring his belief that digital and commercial assets outperform traditional home ownership for long‑term investors.