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CRYPTO 13H AGO Source: Benzinga

Developer Told Them Their Property Could 'Explode' In Value Because Of A New Data Center Across The Street, But They're Not Convinced

A homeowner facing the prospect of a large data center being built across the street was given an optimistic prediction at a community meeting. According to the homeowner’s recent post on Reddit , the developer said nearby property values could go “way up” and that local land could even “explode” in value once the project is completed. The developer’s reasoning was that workers at the data center would supposedly want shorter commutes, creating more demand for nearby homes. But the homeowner wasn’t convinced and asked others whether there were any examples of property values rising after a new data center moved into a neighborhood. Many People Would Actually Be Employed? The discussion quickly focused on how many people actually work at a data center once construction is complete. Don't Miss: Dave Ramsey has long stressed investing with intention — now some are looking at early-stage plays in the fast-growing lithium space Access private-market funds that may include exposure to companies like SpaceX— available through SoFi Invest with entry points starting at just $10 Many people argued that data centers are very different from major corporate headquarters or manufacturing plants. While construction can create a temporary influx of workers, commenters said permanent staffing levels are often surprisingly small. “They are crazy,” one person wrote. “For starters? Very few people are employed by these data centers. You’re not going to have a rush of buyers.” Another person who works around data centers said they’re essentially warehouses filled with servers and automated equipment. According to that view, once the facility is operating, only a small number of technicians, maintenance workers and security personnel are needed on site. “The whole problem with data centers is that very, very few people work at them,” one person summed up the skepticism. The original poster later added an important detail. The land across the street is currently farmland, meaning the neighborhood would be exchanging open space for a large industrial facility. See Also: The Difference Between a Fragmented Plan ... Full story available on Benzinga.com

Developer Told Them Their Property Could 'Explode' In Value Because Of A New Data Center Across The Street, But They're Not Convinced
A homeowner facing the prospect of a large data center being built across the street was given an optimistic prediction at a community meeting. According to the homeowner’s recent post on Reddit , the developer said nearby property values could go “way up” and that local land could even “explode” in value once the project is completed. The developer’s reasoning was that workers at the data center would supposedly want shorter commutes, creating more demand for nearby homes. But the homeowner wasn’t convinced and asked others whether there were any examples of property values rising after a new data center moved into a neighborhood. Many People Would Actually Be Employed? The discussion quickly focused on how many people actually work at a data center once construction is complete. Don't Miss: Dave Ramsey has long stressed investing with intention — now some are looking at early-stage plays in the fast-growing lithium space Access private-market funds that may include exposure to companies like SpaceX— available through SoFi Invest with entry points starting at just $10 Many people argued that data centers are very different from major corporate headquarters or manufacturing plants. While construction can create a temporary influx of workers, commenters said permanent staffing levels are often surprisingly small. “They are crazy,” one person wrote. “For starters? Very few people are employed by these data centers. You’re not going to have a rush of buyers.” Another person who works around data centers said they’re essentially warehouses filled with servers and automated equipment. According to that view, once the facility is operating, only a small number of technicians, maintenance workers and security personnel are needed on site. “The whole problem with data centers is that very, very few people work at them,” one person summed up the skepticism. The original poster later added an important detail. The land across the street is currently farmland, meaning the neighborhood would be exchanging open space for a large industrial facility. See Also: The Difference Between a Fragmented Plan ... Full story available on Benzinga.com
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