2 ms·
>But if they're referring to the ambience as "spirituality", I cannot take them seriously. I dunno, the Catholic church is doing just fine in terms of revenues
by creaghpatr 7y ago
>But if they're referring to the ambience as "spirituality", I cannot take them seriously.
I dunno, the Catholic church is doing just fine in terms of revenues and real estate assets, and that's just one example. Then again, religious organizations get preferable tax treatment...maybe WeWork will eventually pivot to religion down the road.
- alasdair_ 7y agoUnlike WeWork, the Catholic Church (and the mormons and scientologists) have realized that the best tax shelters come from actually owning the property that is used, not leasing it.
- abakker 7y agoHe owns the properties that we work leases!
- intuitionist 7y agoYeah, but it took them like 300 years to get to cash flow positive. Today’s religious investors aren’t willing to wait that long.