07-19-2007, 01:40 AM | #1 |
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The Church's financial situation
The LDS church's net worth is very high because they own so much property throughout the world.
Just think how much this temple must be worth for the land alone http://www.ldschurchtemples.com/hongkong/ If there ever was a cash crunch for the church they could always sell off some of their property
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07-19-2007, 02:33 AM | #2 | |
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07-19-2007, 02:37 AM | #3 | |
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Sell of a temple or two?
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07-19-2007, 02:57 AM | #4 |
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Catholic church is very wealthy with their land and property holdings alone.
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07-19-2007, 03:17 AM | #5 | |
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07-19-2007, 12:18 PM | #6 |
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that's not my point there are thousands of ward houses and stake centers on land they could sell off...
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07-19-2007, 12:20 PM | #7 |
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the church also owns large farms, recreational areas (My stake growing up had its onw stake property for campouts and girls etc...) they could sell that stuff off if needed
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07-19-2007, 12:46 PM | #8 |
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The church does sell farms that are not profitable. I'm not sure about recreational areas. I think the Sacramento temple is built on property that started as a recreational area.
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07-19-2007, 12:54 PM | #9 |
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I doubt the church has a lot of liquid assets, at least relative to their total asset base.
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07-19-2007, 01:14 PM | #10 |
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What are you trying to say? Sure, $1 billion cash is only 10% relative to a $10 billion asset base, but $1 billion is a lot of liquid assets. I don't know what you mean by "a lot" though. I have no idea what the LDS church has in assets, but I'm trying to figure out the point of your post.
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