"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe.
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Starting a new political party on the platform "Homes For People Before Homes For GPUs"
@jalefkowit Well, I'm sure the drop in home building may also have something to do with out of control ICE raids and the non-stop deportations impacting all the folks who actually build our homes and such.
Not to mention Trump's tariffs on Canadian lumber (and all sorts of other imported things!) that make building homes too expensive as well, etc.
Sure, the data center spend may be a part of it, but I bet what is making homebuilding uneconomical at the moment is a combination of factors.
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit yes, but the graph doesn't show the actual numbers. Is that information also available?
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
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@marjolica @jalefkowit
This link has Dec 2023 spending at ~$1600 billion annual adjusted rate for private construction. The OP's graph only vaguely gestures at a possible source, so its hard to tell what number is actually being plotted there. (Monthly spending?)
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@GhostOnTheHalfShell @jalefkowit
and soon they will switch to robot factories i guess
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In fairness, our politicians are delivering on their promise for new housing.
It's just that we failed to specify that housing was for people rather than clankers.
you shouldn't call them clankers, they are listening and watching
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you shouldn't call them clankers, they are listening and watching
Good.
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit I've been thinking we were in an undeclared recession, but maybe it's actually a depression
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit Crazy fact. It looks like the U.S. is ruining its own economy because of a bubble. AI isn't a business model that can really generate sustainable profits—at least not as much as is currently being invested in it. There are so many good, free alternatives.
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit Isn't late stage capitalism amazing (if you're already one of the 0.01%).
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit I'm presuming this in in the USA. If so, you might want to make that clear - not sure the picture is the same globally.
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit I have a feeling this chart will be revolutionary
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"I keep coming back to this graph because it’s so eye-popping, almost impossible to believe. As you see in the legend, the blue line is data centers. The grey line is everything else. Everything else. Commercial properties. Rental properties. Single family homes. Multiple family homes. Pick your preferred flavor of development, NIMBY, YIMBY, urban, rural, it’s in there. You basically have rapid data center growth and everything else contracting."
@jalefkowit it looks like this chart is US-specific
it'd be very interesting to see this for other countries - I *think* Australia won't be anywhere near as bad as this, but a few of the medium sized data centre companies have been operating from here (Sharon, Firmus) so I do wonder...
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@matthewcambion @jalefkowit I moved all my investments into Canadian GICs (in effect, government bonds) last year. The interest is poor, but the principal is protected.
Some of the bubble was visible back then
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Starting a new political party on the platform "Homes For People Before Homes For GPUs"
@jalefkowit if every home had a server farm, it could provide heating all winter!
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A abekonge@venner.network shared this topic
