Paul Kudrowski

This was a...

It was previously a rural area and everything around them, all the farms sold out.

And people in this area were like, wait a minute, who do I sue?

I never signed up for this.

I never signed up because at night they would go outside their houses and they hear hum.

And it's like, I didn't sign up.

This is the beginnings of the NIMBY phenomenon because it's become –

visceral and emotional for people.

It's not just about prices.

It's also about having this six-acre building beside me that's making this noise all the time.

This is not what I signed up for.

So I think the pushback has already begun, and it'll become much larger within two years.

And increasingly, the largest construction will move elsewhere.

Nowhere near.

Um, I'll say first, I agree with you about the bubbles.

I mean, my general argument is you never know if you've spent enough on capital.

So you spent way too much.

So it's, it's like Michael Kinsley used to say this sort of had a similar wording, but the notion being that you're never going to have a rational expenditure of capital of capital, uh,

on new equipment and do it in a way that makes economic sense all the way up.

You will eventually spend too much and then pull back.