NY Times - Donald Trump, who has long loved big real estate deals, has made it clear that he’s serious about striking one for Greenland. Never mind that Denmark, which controls the island, says the territory isn’t for sale.But if a negotiation were to materialize, what would, or should, the United States offer?
David
Barker, a real estate developer and former economist at the New York
Fed, helped us with the thought experiment. (Barker made waves in 2009
when he argued that the American purchase of Alaska in 1867, for less
than 2 cents per acre, was a bad deal
from a purely financial investment perspective.) Here’s his
back-of-a-napkin math for valuing Greenland, which he estimated could be
worth between $12.5 billion and $77 billion. MORE
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