Jehovah’s Witnesses Raking In Real Estate Dough.

by koolaid-man 8 Replies latest jw friends

  • koolaid-man
    koolaid-man

    They are making so much money ... they are stacking and bailing it!

    http://www.observer.com./2012/02/jehovahs-witnesses-raking-in-real-estate-dough/

    Jehovah’s Witnesses Raking In Real Estate Dough

    By Elise Knutsen 2/13 4:11pm

    165 Columbia Heights

    Whether it’s Armageddon or soaring property values, the Jehovah’s Witnesses have decided to get the hell out of Brooklyn, and they are one property closer to cutting all Earthly ties to their home of a century. An adorable carriage house at 165 Columbia Heights was sold for $4.1 million, city records show.

    In their listing, Corcoran agents Ellen Newman and Lisa Detwiler choose their words carefully, not over-advertising the home’s provenance. “165 Columbia Heights is an example of the premier addresses of the Watchtower’s real estate holdings,” they write, referring to the group’s official name “The Watchtower Bible and Tract Society.” Jehovah may be almighty but evoking His name doesn’t help on the real estate front.

    The home features an enviable 4,172-square-foot layout with four bedrooms and four full baths. A gluttonous master bedroom includes a walk-in-closet and en-suite bath, while the vainglorious garage can hold four cars. The Witnesses were definitely not guilty of acedia (look it up), as the home has all new mechanicals.

    The Jehovah’s Witnesses, whose world headquarters have been located in Brooklyn Heights for over a century, are moving upstate to the town of Warwick. The group is in the process of selling property in the area worth between $600 million and $1 billion.

    The buyers, George and Anita Feiger hail from San Francisco, where, according to the deed, they live in the Buena Vista terrace adjacent to Haight Street.

    [email protected]

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    • shamus100
      shamus100

      Isn't it just amazing how much money they really have in real-estate? What in the hell are they doing with it?

      Good find, thanks for sharing.

    • Sulla
      Sulla

      That is a hell of a house, though.

    • RagingBull
      RagingBull

      Funny!... the JWs will think that the money will pay for the new facilities in Warwick, the World-Wide preaching work...and the "building fund"...you know...to have Kingdom Halls built b/c of all of the "groooowth".

      no one ever thinks...Since the "religion" Jehovah's Witnesses and its members are SEPARATE from the "Watchtower Bible and Tract Society" (remember...that's the CORPORATE entity that supplies literature etc. to Jehovah's Witnesses) who has a CEO etc. that are NOT even Annointed (or do not HAVE TO BE)...where does all of the money go? Someone has to live, eat, sleep somewhere and it takes FUNDS to do it. It is not cheap to travel the world and oversee a business/religion.

      Members suffer, lose jobs, struggle financially...and I've NEVER heard of someone in the congregation being helped monetarily. A worldy cousin of mine is a deacon at a church and the church raised enough money to help one of its members fix major damage to their home.

      I hope they get a clue.

    • MMXIV
      MMXIV

      the various links show pictures of the interiors - some of them must have been dressed up to sell but I bet they weren't too shabby beforehand! Hardly the modest accomodation that Jesus would have expected from his true followers. If this was another religion it would be slammed by speakers from the platform.

      mmxiv

    • Rattigan350
      Rattigan350

      A transaction from yesterday. Looks like they sold a farm for half a million.

      http://www.morningjournalnews.com/news/local-news/2019/06/real-estate-134/

      Watchtower Bible and Tract Society to WTJ Landholdings, farm buildings and 85 acres on Kelly Park Road; $525,000.

      Kelly Park Road, Lisbon OH

      https://ohiodb.com/company/2057888/wtj-land-holdings-llc

      Wtj Land Holdings, Llc Description

      Wtj Land Holdings, Llc is a Domestic Limited Liability Company. Company Number assigned to this company is 2057888.
      Company Agent of Wtj Land Holdings, Llc is JOHN G. GROSS. This agent address is 44572 Metz Road Columbiana,Oh 44408.
      Wtj Land Holdings, Llc was incorporated on Wednesday 26th October 2011, so this company age is seven years, seven months and nineteen days. This business status is currently Active.
      Company has one director: John G. Gross.

    • steve2
      steve2

      Only four full baths? Not at all impressed at that single-digit number. JWs are - if nothing else - fastidious about keeping the congregation clean.

    • blondie
      blondie

      Unless they reinvest that money for some real interest, I can't see them doing anything else but slowing down the bleed of cash from their fund. Otherwise if they spend it on operating costs, the money will run out again, and/or they will be caught with pants down again like in 2007-2008.

    • Vidiot
      Vidiot

      shamus100 - "What in the hell are they doing with it?"

      Someone here (Terry, I think) recently posted about a conversation he'd had with a high-level church attorney who told him that at a certain point (in every instance... not just most... every instance), virtually all the donations end up going towards lawyer fees...

      ...that the ministry ultimately morphs into a revenue machine specifically designed pay preachers' legal bills.

      (EDIT: found it.)

      I think the constant liquidation of real estate assets qualifies.

      Of course, one can only sell off the "family silver" once...

      ...eventually, you can't help but run out.

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