You can get a 128GB Strix Halo for under $3k. Used to be under $2k. Even if you believe it'll be completely obsolete for AI in two years, it'll still be good for many other things. Games for at least several more years, a great home server and/or desktop almost indefinitely. Plus, we might actually reach good enough levels for some AI use cases, if we're not already there.

And never underestimate the potential for enshittification. Your local rig will only deliver better performance over time as more and more tweaks come out. With cloud services expect the opposite to happen as subsidies run out. It's entirely possible that they will intersect on a bang per buck basis within two years.