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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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.
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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.
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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.
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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
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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
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