Ian Crossland
๐ค SpeakerAppearances Over Time
Podcast Appearances
No, no, no.
I think it was like $9 million an acre.
Was it?
No, it was $6.2 million an acre or something like that.
A record for land.
And this was publicized.
But what's happening right now is in key areas in Arizona, Texas, and in Northern Virginia, land is quietly being purchased off market.
And it's because the AI companies and the data center land acquisition companies, where all of the money is right now, know that if anyone finds out the land was sold to a data center company or an AI company, you will get protests and they will not be able to build.
So what's happening is.
they're going to an acre we i've watched this happen an acre of land popped up near us in west virginia three hundred thousand dollars my wife saw it pops up at like nine in the morning and she goes oh look at this she sends it to our real estate agent saying look at this land you know could you could you reach out agent says sure like a couple hours later she texts back saying it's already under contract i've never seen this happen before why the area we are in is uh it's a data trend it's a power transmission corridor for the north virginia data centers
They need energy, they need water, and they need space to expand.
Here's the problem.
You got 50,000 plots of land in one small area.
If you're going to build a data center, or more importantly, power transmission and water acquisition, you need to buy up 50,000 plots because you can't just buy one piece of land and build.
So if a company goes to one of these people and says, hey, would you like to sell your property?
And if they go to their neighbor and say, guess what just happened?
The property values spike massively, which is happening.
And then they start going and filing bills and ordinances saying you can't build data transmission.
The AI is smarter than this.
Not that it's an entity, but the machine basically says it has to be done this way.