Watchtower and trading business is a never ending combination, now under the new name of Hudson valley, selling their building machines online:
A New Watchtower trade name: Hudson Valley
by Gorbatchov 19 Replies latest jw friends
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sir82
Why would they have bought the excavator they are trying to sell ($299,000) in the first place?
Wouldn't it have been much more cost-effective to rent or lease one?
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OrphanCrow
sir82: Why would they have bought the excavator they are trying to sell ($299,000) in the first place?
Wouldn't it have been much more cost-effective to rent or lease one?These schemes are not about "cost effectiveness". They concern the opposite - how to get money out of the WT and into the hands of money seeking JWs themselves.
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Gorbatchov
Sir82, when you see all the expensive vehicles, that's the big question. Why do they own it, and don't lease it or hire a contractor?!? G. -
maninthemiddle
so they won't need any of this in the future? what about all the Assembly halls they are claiming to be building. and wouldn't you crate and ship all those small items to Temple Farm? -
OrphanCrow
Gor: Why do they own it, and don't lease it or hire a contractor?!?
Who did they buy the equipment from? Who profited from the purchase?
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StarTrekAngel
Because they operate like a business. Like every business, when an asset begins to cost more to keep than to acquire a new one, the asset is decommissioned, regardless of its evident usefulness. We do this all the time at work. Millions of dollars worth of network equipment is forklifted out and replaced with new one. Sometimes this is done way before the end of its useful life. They still work and can be used but once you add depreciation cost and especially if the new gear will bring in greater revenues, then equipment is removed. Sometimes the cost of keeping up the old is higher than purchasing a new one. -
JeffT
As I understand it, they were acting as their own general contractor on the Warwick project. (This, in my opinion as a former real estate developer is a bad idea but they didn't ask me). So they need a lot of tools and equipment for a long time. Renting the stuff you need for a project that size doesn't make sense, you need to much of it for too long a time. So they bought it, they shouldn't have trouble reselling it to recover some cost.
I'm trying to work out in my head if they could keep some of it and rent it out to congregations building new halls. It might make sense, but they'd have to truck it all over the country, building the cost of that into the rental rate may make it so expensive that even Elder Dumbjon could figure out he was paying too much.
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pixel
Expanding eh? Diversifying. I see. $$$. -
nowwhat?
excuse my ignorance, but when you factor the cost and logistics of housing and feeding 3000 volunteers, along with the purchase of 10's of millions of dollars of equipment, for those who would know how is this more cost effective then having the general contractor do all the work?