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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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
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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What about accounting for oil revenue to include into that IRR? I started from here:https://www.investopedia.com/financial-edge/1012/3-of-the-most-lucrative-land-deals-in-history.aspx …
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That's a great point, and still much left.
End of conversation
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