Textures awful, good system

Do you have any add-ons in your Community folder? If yes, please remove and retest before posting.

Are you using Developer Mode or made changes in it?

No

Brief description of the issue:

Coming back to the game after the update. Buildings and terrain are not looking good.

I set everything to ultra and cleaned data cache already.
I have nvidia 3d settings in “Managed by application”

Provide Screenshot(s)/video(s) of the issue encountered:

See Imgur: The magic of the Internet

Detail steps to reproduce the issue encountered:

See above.

PC specs for those who want to assist (if not entered in your profile)

I have a Intel i7 9900k, 32GB RAM, RTX 3070 strix rog, 1440p, SSD drive 1TB

Build Version # when you first started experiencing this issue:

Latest 1.16.02

Are you on the Steam or Microsoft Store version?

Yes, steam.

Did you submit this to Zendesk? If so, what is your ticket #?

Not yet, should I?