Data Centers in the Heartland what happens to Real Estate Values, a case study in a Midwestern Town
Data Centers moved in my backyard, they transformed the landscape in just three years time.
La Porte Indiana, driving down SR2 into town for the first time in a year, the once tranquil drive that takes me by the pine trees that spell out “Studebaker,” named after the long defunct car and plough manufacturer, those trees in Bendix Woods may as well spell out “Meta” or “Musk” , the once fertile farm land now buzzes from the sound if buildings with no windows, what was just windswept corn is now either a mud bog or a dust bowl as the construction equipment does the real damage, and construction is the only real job they bring, but when its done they leave and I suspect in 20 years you’ll never even know they are there.
What the Real Estate Data Tells Us
According to my AI valuation tools the picture is flat, it seams the AI data centers had little effect, or else flattened the broader ill effects, this market is small and theres not a huge increase in demand for housing because the jobs are temporary, while the residents home is their main investment, its counterintuitive to think all the damage and utility bills would not affect property values negatively, but this market dig not realize the same gains as some adjacent markets so the relative value has not gone down as much, because there is still demand for the housing in that area.
How Much Money in Tax Abatement did St Joseph County Give Them?
How Much Water do they Use ?
-We have plenty of fresh water here for them to use, its about the same as the farms use. It could be true that the runoff from Farm Fertilizer could be worse than the effects from the data center since as the farmers farm roundup ready corn laced with poison to grow corn to make it into high fruticose corn syrup to feed our livestock.
Part of the problem is that we’ll never really be able to enforce any laws on these guys, and we gave away so much tax revenue, it may work in the long run, but it seams naive and shortsited .
Actual AI farming Could Solve World Hunger
A Modular Future in Michigan
AI assisted design can make fully forming self sustaining units that can return a substational amount of value through fair and strong economic development, We have to find a way to convince the AI overlords we are worth investing in. What would a house designed by AI look like?
Jeff Bucholtz
Jeff Bucholtz is a Real Estate Broker based in Three Oaks MI.
He has sold more than 100 Million Dollars in Real Estate.
He is the Broker and owner of Freedom Realty.
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