You’ve all heard of the housing crisis in the U.S. Millions of people have had their homes foreclosed upon because they couldn’t pay the bills.
Something similar is happening in churches too:
The past few years have seen a rapid acceleration in the number of churches losing their sanctuaries because they can’t pay the mortgage.
Just as homeowners borrowed too much or built too big during boom times, many churches did the same and now are struggling as their congregations shrink and collections fall owing to rising unemployment and a weak economy.
Since 2008, nearly 200 religious facilities have been foreclosed on by banks, up from eight during the previous two years and virtually none in the decade before that, according to real-estate services firm CoStar Group, Inc. Analysts and bankers say hundreds of additional churches face financial struggles so severe they could face foreclosure or bankruptcy in the near future. (Source)
That’s why it’s so important to ensure good stewardship of church resources.
If you observe waste in your church, please take a few moments to notify your pastor so that it can be corrected. Otherwise your congregation might eventually become homeless.