> I don’t think -$2000 is a conservative enough figure for standard depreciation either (a lot can happen in a year)

We aren't exactly in "standard" times and haven't been for quite a while. Even five year old graphics cards are worth more today than they were just a year ago. Things will obviously depreciate at some point, but you gotta throw your existing notions of how quickly and how much hardware will depreciate out the window. There's just been too much money dumped into AI for a "well I guess this won't ever pan out, let's dump all this hardware to recoup our costs" moment to happen and tank the price of everything suddenly IMO.

And that's not even getting into the other geopolitical stuff going on right now. Strange times.