Open models yes (eg Deepseek Flash) but local models are not, at least with attainable hardware. My brand new Mac Mini M5 Pro 64GB can run Qwen3.6 at a reasonable speed but it's nothing compared to hosted models and likely never will be.

That said I'm optimistic that in time we will at least get to something close to DS locally and if that's true I could see a lot of dev work being done locally, at least for more clear cut tasks.