RE: Curveballs and Big Decisions
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Oh man. Everywhere around the world, similar sh... happening. My friends complain about Tesla's factory and big project in the Berlin area, where a ton of forest had to be cleared to make room for these gigantic factories. What this does to nature and the habitat is not considered; it's all about profits. Why don't they place their stupid factories on the Moon and leave Earth once and for all? 😉
Waiting to see what happens could be wise. I get the increase in real estate prices; however, we tend to forget that these centers will require fewer and fewer people. Sure, the infrastructure will be set up and mostly maintained by humans (at least for now), and this is where investors make a ton of money with (AI infrastructure that is). Anyway, what a curveball.
It certainly is! As much of a fan of Tesla as I am I saw the environmental impact they had on the Austin area when I was down there for the shareholder meeting in November. The entire area where the gigafactory was built used to be grazing land for cattle. You still saw small ranchers near the factory, their longhorns were grazing in little plots while buildings sprung up all around them. They provide a lot of positive economic opportunities to the areas they build in but the environmental impact is very real and unfortunate. But you're right in that the economic benefits of factories and DCs will become less and less as the use of robotics ramp up. There are already factories in China that are 95% robots and operate continuously, round the clock.
Yes, I think we're going to take the wait and see approach. I'd say if we can recoup our purchase price + renovation costs + 10%-25% profit then we'd be foolish not to make the move. We were always planning on moving at some point anyway and this just speeds up the timeline.
Wise choice. And as additional information comes in, you can adjust your decision accordingly.