Statistically, the United States is probably the best land developer ever. Alaska purchase: 2 cents/acre in 1867. Now valued @ +$37billion Lousiana Purchase: 3 cents/acre in 1803. Now valued @ +$1.2trillion
Seems like a good idea to me. When has the United States gone wrong buying land? Alaska and the Lousiana Purchase both seemed to work out well.https://www.wsj.com/articles/trump-eyes-a-new-real-estate-purchase-greenland-11565904223 …
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Actually I did a quick little calculation on Alaska and the IRR hasn't been that good. Only 6.67% inflation un-adjusted between 1867 and 2019.pic.twitter.com/T0JAKVi0lM
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The news is getting too bizarre for me these days..
Thanks. Twitter will use this to make your timeline better. UndoUndo
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