by no-zombie 22 Replies latest watchtower scandals
...Of course its making millions of dollars in its real estate sales but this a one time event...
You're kidding, right? You really believe that they are going to stop milking that cow?
OUTLAW, you stole my line, but I'm glad. Time and time again I have been posting the same information. I have to say, cognitive dissonance is a --tch!
Hello no-zombie,
on the same subject take a look at what the WTBS Inc New York
was doing more than a decade ago...it a very long reading but full of informations.
filed and saved , in case you should wish more informations!
Here is the old post:
https://www.jehovahs-witness.com/topic/53692/wtbs-financial-empire-tip-iceberg
Greetings ,
J.C. MacHislopp
I see your point about the Catholic Church, IBM, AT&T, and "every corporation". However, I think that those entities invest in real estate not as a primary or significant means of income. Also, they might invest in to just for their own use - to carry out their own businesses or purposes - to build up their own infrastructure.
I think the points of others posting on this thread have to do with the apparent fact that org is now focused on real estate as a means to make money since it realizes that the print medium is dying and it can longer make money from it. Since the org is seemingly getting a lot (or most of) its money from real estate, I think it can be rightly said that it is in the real estate business.
Hello again,
I've just receiced an e-mail requesting a recent example:
here below the information:
WTBS Inc New York (USA) propertysale
See :
105 Willow St
105 Willow St
117 Adams St
107 Columbia Heights
119 Columbia Heights
124 Columbia Heights
161 Columbia Heights
165 Columbia Heights
183 Columbia Heights
25 Columbia Heights
97 Columbia Heights
30 Columbia Heights
58 Columbia Heights
58 Columbia Heights
173 Front St
177 Front St
175 Pearl St
200 Water St
34 Orange St
50 Orange St
55 Furman St
1 York St
69 Adams St
81 Prospect St
67 Furman St
67 Remsen St
75 Adams St
86 Willow St
76 Willow St
21 Clark St
80 Willow St
85 Jay St
90 Sands St
98 Montague St
77 Sands St
And
°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°
The Society of UK , buys
£ 1.000.000 luxury sea-front property in Wales, UK
· The WTS has purchased a luxury sea-front property in Wales allegedly to be used for people working on translating publications into the Welsh language.
Superbly positioned above The Menai Strait with direct water access, Y
Gwylain has been impressively developed to a high standard by the present owner
and is highly recommended for an internal viewing. The property comprises of
entrance hallway, reception hallway, impressive open plan 'live in
kitchen/family room', lounge, sitting room, games room, 2 studies, utility,
cloakroom, shower room, 5 double bedrooms, four en-suites and a family
bathroom. The property benefits from having gas central heating, double
glazing, garage, established landscaped gardens with decked areas and pond. The
property enjoys fantastic sea view of The Menai Strait, The Menai Suspension
Bridge and across to Anglesey.
5 Bedrooms
Lounge
Kitchen
Utility Room
Shower Room
Sitting Room
Office
Games Room
Second Office
En-Suite
Family Bathroom
En-Suite
En-Suite
Store Room
ground floor
Entrance Hallway
Hardwood door with double glazed side panel, high pitched ceiling with double
glazed Velux window, three wall light points, meter cupboard, cloaks cupboard,
oak doors, Travertine flooring with underfloor heating and glazed doors leading
to:
Reception Hallway
13'9" (4.2m) x 24'7" (7.5m) max (9'2" (2.8m) min). Open spindled
staircase to the first and second floors and oak glazed doors leading to
lounge.
Lounge 18'4" x
20'4" (5.59m x 6.2m). Cast iron multi fuel burner on a raised slate
hearth, six wall light points, television aerial point, engineered oak
flooring, radiator, vaulted ceiling, double glazed patio doors and double
glazed windows to the rear and side from which there are views across the
extensive rear garden and Menai Straits to the Isle of Anglesey.
Kitchen 32'10"
x 17'9" (10m x 5.4m). Open plan living kitchen and family room. Kitchen
Area - There is a range of drawer and base units in a cherry finish with dark
stone style block end worksurfaces over, island unit with breakfast bar, inset
five ring induction hob with splashback and extractor above, inset one and a
half bowl sink unit with mixer tap, integral dishwasher, integral fridge,
Travertine flooring with underfloor heating, double glazed patio doors leading
to the rear garden, two wall light points and recessed halogen downlighters.
Living Area - High pitched ceiling with halogen downlighters, Travertine
flooring with underfloor heating, two wall light points, additional patio doors
leading to the garden, oak glazed door leading to the utility room and
panoramic views of Menai Straits including The Menai Bridge and The Britannia
Bridge.
Utility Room Range
of drawer and base units with roll top worksurfaces over, single drainer sink
unit with mixer tap with storage cupboard below, plumbing for washing machine,
space for fridge and freezer, double glazed door leading to the rear garden,
Travertine flooring with underfloor heating and high pitched ceiling with
halogen downlighters.
Shower Room Modern
white suite comprising corner glazed shower cubicle with mixer shower, low
flush WC and pedestal wash hand basin with mixer tap, ceramic tiling up to a
mosaic border, halogen downlighters, extractor fan, heated towel rail and
Travertine flooring.
Sitting Room 19' x
10'10" (5.8m x 3.3m). Double glazed patio doors leading to the rear
garden, radiator, engineered oak flooring, television aerial point and door to:
Office 9'10" x
17'9" (3m x 5.4m). Double glazed picture window with views across the
decked garden to Menai Straits, double glazed patio doors leading to the side
garden, telephone point, radiator and engineered oak flooring.
Games Room 22' x
20' (6.7m x 6.1m). Double glazed window and patio doors leading to the rear
garden, six wall light points, three halogen downlighters, central lighting
unit fitted for pool table, two radiators, laminate flooring, understairs
storage cupboard, door to the second staircase and oak panel door to:
Second Office
7'3"x 5'3" (2.2mx 1.6m). Double glazed window, fitted work station
and radiator.
First floor
Gallaried Landing
Open spindle blaustrade, stairs leading to the second floor, four wall light
points, radiator, airing cupboard and oak panel door leading to the master
bedroom.
Master Bedroom
20'4" x 18'8" (6.2m x 5.7m). Floor to ceiling double glazed windows
with patio doors leading to the raised decked balcony with balustrade and has
views across to The Menai Strait and Isle of Anglesey, two radiators, fitted
wardrobes incorporating four double wardrobes, three wall light points and oak
panel door leading to:
En-Suite Modern
white suite comprising hand wash basin with mixer tap, low flush WC and walk in
shower cubicle with mixer shower and fitted body jets, heated towel rail,
recessed halogen downlighters, extractor fan and ceramic tiled flooring.
Bedroom Two
Family Bathroom
Modern white suite comprising hand wash basin with mixer tap, ceramic tiled
bath with shower tap attachment and low flush WC, shaver point with fitted
mirror lighting unit, walk in shower cubicle with shelf, heated towel rail,
ceramic tiled to a mosaic border, ceramic tiled flooring, double glazed window,
recessed halogen downlighters, extractor fan and built in linen cupboard with
radiator.
Bedroom Three
14'1" x 11'2" (4.3m x 3.4m). Radiator, double glazed patio doors
overlooking the rear garden and has access to a raised decked balcony area.
Rear Inner Hallway
Stairs to the games room and door to:
Bedroom Four
17'5" x 19'4" (5.3m x 5.9m). Floor to ceiling double glazed windows
and double glazed patio doors leading to the rear decked garden, sea views and
views to The Menai Strait, radiator and oak panel door leading to:
En-Suite Modern
white suite comprising low flush WC, pedestal wash hand basin with mixer tap,
fitted lighting mirror unit, shaver point, walk in mosaic tiled shower cubicle,
ceramic tiled to a mosaic border, recessed halogen downlighters, heated towel
rail, extractor fan, double glazed window and Travertine tiled flooring.
Second floor
Landing Double
glazed roof window with sea views and views to The Menai Strait and Isle of
Anglesey, radiator, light point, open spindle balustrade and doors to:
Bedroom Five
16'9" (5.1m) x 18'8" (5.7m) (limited headroom). Double glazed Velux
windows to the front and rear, to the front there are sea views and views to
The Menai Strait and Isle of Anglesey, two radiators and oak panel door to:
En-Suite Glazed
corner walk in shower cubicle with mixer shower, vanity hand wash basin with
storage cupboard below, fitted lighting mirror unit, ceramic tiled splashbacks,
integral WC, double glazed Velux window, heated towel rail, extractor fan and
Travertine tiled flooring.
Store Room
31'6" x 12'2" (9.6m x 3.7m). Double glazed Velux window.
Link:
http://www.zoopla.co.uk/property-history/y-gwylain/holyhead-road/bangor/ll57-2hq/31536032
Greetings ,
JC MacHislopp
°°°°°°°°°
Hi, no-zombie. I have a question for you. Let's put the issue aside and ask: What business is McDonald's in?
http://www.quoteswise.com/ray-kroc-quotes.html
Harry devised a formula for the monthly payments being made by our operators that paid our own mortgage and other expenses plus a profit. We received this set monthly minimum or a percentage of the volume the operator did, whichever was greater. (Ray Kroc)
It was then that Harry’s view of the corporation as just a real estate business, rather than a hamburger business, began to crystallize. (Ray Kroc)
[Getting involved in real estate] This was the beginning of real income for McDonald’s. (Ray Kroc)
no-zombie - "...Of course its making millions of dollars in its real estate sales but this a one time event..."
Hoo boy.
Stick around some, buddy.
You might learn a thing or two.
"One time event..." LOL!!!!!
DD
I tend to agree with no-zombie. WTBTS seems to be just liquidating whatever assets it can. If WTBTS is seriously trying to become a real estate business, then it is going about it the wrong way, in many respects.
The problem with owning buildings and facilities is that it takes cash flow to maintain and operate them. You can't just buy a building and let it sit. It seems the WTS biggest issue is surrounding a lack of donations. Remember they said not too long ago that they spend more than is coming in.
So what if they've decided to change their strategy on making money. Instead of investing in tax free real estate, they invest in other vehicles. We know they are involved in the stock/bond market. We know they go to hedge fund conferences, etc. Why not switch your model to be less reliant on real estate and more on otherwise passive investments. It's riskier but it's liquid and doesn't require cash flow to maintain. You just have to pay the advisers which is much cheaper than running a factory.
Just a thought.
