The Church's financial situation

[Mormon Red Death]

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

[ChinoCoug]

Originally Posted by Mormon Red Death

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

Church already owned the land before its construction. It was a Stake Ctr.

[Clark Addison]

Originally Posted by ChinoCoug

Church already owned the land before its construction. It was a Stake Ctr.

Not only a Stake Center, but also the mission home, was on that property before being demolished for the temple.

An interesting note about the Hong Kong Temple. Unless things have changed over the last 20 years, it is the only temple I know of that is within a couple of blocks of a few high class whorehouses.

Always made going from the subway to the mission home interesting.

[Mr. Incredible]

Originally Posted by Mormon Red Death

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

Sell off a temple or two? I don't think that will happen...

[MikeWaters]

Catholic church is very wealthy with their land and property holdings alone.

[Mormon Red Death]

Originally Posted by Mr. Incredible

Sell off a temple or two? I don't think that will happen...

that's not my point there are thousands of ward houses and stake centers on land they could sell off...

[hyrum]

Originally Posted by Mormon Red Death

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

Thing about real property like that is its like your primary home -- you have to live _somewhere_. If a church sells its operational buildings it has to buy or lease something else, unless there is consolidation of operations of some kind.

[Mormon Red Death]

Originally Posted by hyrum

Thing about real property like that is its like your primary home -- you have to live _somewhere_. If a church sells its operational buildings it has to buy or lease something else, unless there is consolidation of operations of some kind.

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

[Mr. Incredible]

Originally Posted by Mormon Red Death

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

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.

[Indy Coug]

I doubt the church has a lot of liquid assets, at least relative to their total asset base.