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Silke | Is property in Greenland a good investment? |
With global warming they'll be growing grapes there in 50 years. |
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CLIVE H
|
You could be right. About 1000 years or so ago when the Vikings settled in Greenland, they called it thus because it was literally a green land. They had cattle there etc and farms etc. However, there was 'climate change' and Greenland became too cold for the normal Northern European lifestyle favoured by the Vikings. The climate could no longer sustain the farming techniques of the Vikings in other words. A lot of the Vikings then went and re-settled in New Found Land which they called 'Vine Land' - full of grape vines apparently. Some also settled on the mainland of America [Canada etc]. There are remains of Viking settlements in Newfoundland and also along parts of the northern Atlantic seaboards of Canada and USA.
Yeah! Maybe Greenland is a good investment. Buy now while land and houses are still cheap [I guess they are]. Remember - your question may have been read/seen by thousands of others. They're not even going to bother to post an answer. They're already heading for Greenland ahead of you. |
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mcilvane
 |
Do you have the 200 years for global warming to make an impact on Greenland?? |
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Nevada Pokerqueen
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Never buy in an area you are not familiar with. You are setting yourself up for failure. Do your research before any investment even Real Estate.
Greenland is never a good investment no matter how cheap. |
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Frank Castle
 |
The Human Race is not going to last 50 years.
You really need to buy a diesel, ethanol or electric car. |
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Barking mad
|
Trouble is, the igloos tend to melt when the sun comes out. |
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El Cid
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That's why they called it Green. A few thousand years ago it was tropical! Go for it and you could be the next Donald Trump. |
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FinanceMike
 |
"They'll be growing grapes there in 50 years." Wow! You can't be serious.
First of all, I think man-made global warming is bull. The Earth has warmed and cooled throughout its history on its own for millions of years and will continue to do so regardless of what man does. The Earth warming an entire one degree, on average, over the last 50 years does not concern me. I suppose man caused the Ice Age 10,000 years ago?
Anyways, back to investing: There are far better investment vehicles than the Greenland real estate market, which is something that I'll venture and say you know absolutely nothing about. I don't claim to, it's just that you really shouldn't invest in something that you know little about.
Stocks, in the long-run, outperform real estate by a decent amount. Stocks have averaged a 12% annual return since 1926 while real estate will normally get you 6% annually. Currently, most real estate markets look like they're taking a dive in 2007.
Go with index funds or no-load, low fee mutual funds. Keep your money in there for the long haul. |
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John Santilli
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Greenland was never green in the times of the vikings. It was called Greenland to get people to imigrate. |
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