Comment on Larry Ellison Owns 98% of Lanai Island, HawaiiComments−Zanni2yThe island of Ni'ihau (Hawaii) is also privately owned: https://en.wikipedia.org/wiki/Niihau−freilanzer2yThat island has an interesting history. I expected the worst, but the owner seems to take great care.−eaenki2ypaid in 1864 €200k adjusted for inflationnow prolly worth a billiondamn that’s a x5000 return−Zanni2yReally difficult to estimate it's worth since the owners are determined never to sell or develop. If value can never be realized, is it still value?−toomuchtodo2yIt’s priceless. Good humans if they’ve locked it up in perpetuity.−bitxbitxbitcoin2yIgnoring inflation in such calculations is part of how the island owners pull one over on the non island owners.
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The island of Ni'ihau (Hawaii) is also privately owned: https://en.wikipedia.org/wiki/Niihau
That island has an interesting history. I expected the worst, but the owner seems to take great care.
paid in 1864 €200k adjusted for inflation
now prolly worth a billion
damn that’s a x5000 return
Really difficult to estimate it's worth since the owners are determined never to sell or develop. If value can never be realized, is it still value?
It’s priceless. Good humans if they’ve locked it up in perpetuity.
Ignoring inflation in such calculations is part of how the island owners pull one over on the non island owners.