[danans]

> If you can lock in a zero or negative interest rate now, it might still be a good investment

In the real world, what lending entity is going to offer you financing at <= 0% for 30 years?

Just because 30 year Treasury yields fell below zero from 2020-2022 didn't mean I can get that kind of financing for a project.

[eru]

Yes, hence the counterfactual 'if'. This is in stark contrast to https://news.ycombinator.com/item?id=39999794 which mentioned: "We had near zero interest rates for years, but I didn't see any private investors making infrastructure investments that wouldn't possibly produce a return for 50 years."