Next.js is a hybrid framework that can make development confusing due to its dual-life in both the browser and Node.js environments. When it comes to console.log statements, understanding where they are being executed is crucial for effective debugging. Logs declared within React functions or components will appear in the browser console, while logs from data fetching functions will be visible in terminal or build/function logs. On the other hand, utilities, API calls, and route rendering based on external data will yield logs in the terminal during development mode, whereas they'll appear at build time in build logs or runtime in function/API logs during production mode. To experiment with finding Next.js logs, a starter application is provided to try out, allowing developers to explore and understand where their logs are being executed.