Those cards can be great for lots of use cases, plenty of small models are very capable at the param counts which can fit in 32GB of VRAM. GPT-OSS-20B for example is a serviceable model for agentic coding use cases and it runs natively in MXFP4. So it fits comfortably on a 5090 at full 128k context. It also has enough headroom to do PEFT-style SFT or RL.

But given the high entry cost and depending on the cost of electricity in your area, it would take a number of years to amortize both the initial purchase of the card in addition to the energy cost of the compute (comparing to the compute-equivalent hourly cloud rental costs).

For context, a single 5090 rented via Runpod is currently $0.69/hr USD on-demand. Cost range on Amazon right now for a new card is running between $3200-3700 USD. Just using the raw capex alone, that's ~5k hours of GPU compute assuming you pay only on-demand. Thats 2-3 years worth of compute if you assume compute saturation for normal working hour durations. This is before you account for the cost of power, which in my city could run you upwards of $140/mo varying by season.

With that said, I have a bunch of ML servers that I built for myself. The largest one is using 2x RTX Pro 6000s and have been very happy with it. If I was only doing inference I think this would be a somewhat questionable expense, setting aside the valid motivations that some folks have related to data privacy and security. But I do a lot of finetuning and maintain private/local eval harnesses that personally for me have made it worth the investment.