How much would it cost to buy Greenland — and how would you calculate that price?

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A thought experiment for a real-estate play that might not be real.

President Donald Trump on Sunday confirmed that his administration has discussed the idea of buying the ice-capped island, though Denmark says it’s not for sale. In fact, the U.S. unsuccessfully tried to purchase the island in 1867 and 1946.

South Bend, Ind. Mayor Pete Buttigieg, a Democratic presidential hopeful, said buying Greenland is not a solution to climate change. Jason Barr, an economist at Rutgers University, Newark says a price for the autonomous territory owned by the Kingdom of Denmark depends on a variety of factors. Chief among those factors: The reason for buying it. Would Trump want to develop the estimated 20% of the island that is not covered by an ice sheet?

What’s valuable about Greenland? Greenland is about three times the size of Texas and has a population 57,691, according to CIA figures. There’s little qualified labor, a declining population because of emigration and a “potential for natural resource exploitation with rare-earth, uranium, and iron ore mineral projects,” it said.

On Friday, Greenland’s Ministry of Foreign Affairs tweeted TWTR, +2.76% that the country was open for business, but not for sale, linking to the territory’s official tourism site, VisitGreenland.com.

 

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Alaska was $7.2m in 1867 and it’s bigger. Today’s price would be about $110m. Say $110m to start

Well...we got the Louisiana Purchase for $15M, so I’d probably offer them $4M and see if they counter...

I'll start at 12$.

Oh FFS give it a rest you don’t have to chase every ball he throws for fucking days

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Trump wants to buy Greenland. Only one-third of Americans would be willing to offer more than $12 for the island61% of Americans would not pay a cent to buy Greenland and only 29% of people would pay more than the average cost of a used car. Trump thinks with the ice melting, ther are lots of unique golf course opportunities opening up! Water traps with floating icebergs and stranded polar bears. 2.7 millions followers and like 20 retweets, tops, that's some extremely shitty engagement your bots are bunk, you need better ones Once they are educated about the benefits they may change their minds:
Source: BusinessInsider - 🏆 729. / 51 Read more »

Top White House economic adviser says Trump still 'looking at' buying GreenlandTop White House economic adviser says the Trump admin. is still 'looking at' buying Greenland. We live in the dumbest timeline Why does the Trump Administration want America to look like fools so bad?
Source: NBCNews - 🏆 10. / 86 Read more »

Trump's idea of buying Greenland is 'absurd,' Danish prime minister saysGreenland is not for sale and U.S. President Donald Trump’s idea of buying the semi-autonomous Danish territory in the Arctic from Denmark is “an absurd discussion,” Denmark’s prime minister said. I would prefer Greenland buy us and set us free. It’s an awesome opportunity for Greenland - the residents would make 💰💰 and it would be a strategic advantage for us... But hey Orange Man Bad right? Lol America is too crowded so we need more space.
Source: latimes - 🏆 11. / 82 Read more »

Trump Advisor Confirms Administration Looking Into Buying GreenlandTop White House economic adviser Larry Kudlow said on Fox News Sunday that the White House is looking into the possibility of buying Greenland, despite the fact that Greenland’s government recently confirmed that the island was “not for sale.” What do you think? Let's trade Alaska for Greenland Let's gentrify 🔴🔴 The job title is wonderful.
Source: TheOnion - 🏆 724. / 51 Read more »

Trump likens buying Greenland to 'a large real estate deal'President Donald Trump said Sunday the idea of buying Greenland from Denmark has been discussed within his administration because of the strategic benefits for the U.S. and suggested that the semi-autonomous territory is a financial burden to Denmark. Surprise and confusion greeted a Wall Street Journal So why do we need Greenland? He does realize that being put on tv as a ceo isn’t the same thing as actually being one. At least actually being one who doesn’t go bankrupt 6 times. The president need sincere advisers.
Source: YahooNews - 🏆 380. / 59 Read more »

John Oliver: ‘Of Course’ President Trump Wants to Buy GreenlandJohn Oliver joked it’s no surprise Donald Trump wants to buy Greenland because the “icy, distant and semi-autonomous” country is just his type Back to what really matters. Hahahahahahahahaha wow John Oliver is so funny!!! 💀😭🤣😂 I’m dyinnnnnnnnnnnnnnnnng 😳😂😳😂😂 Like his wife.
Source: RollingStone - 🏆 483. / 51 Read more »