![]() |
Okay, so that I get this straight. The Omegas own the house (or rather the mrtgage) but are leasing it to another GLO, because the Omegas themselves would not be able to pay for the house.
The house sleeps 40, but the Omegas typically have around 10 members at any given time. So unless they do some major recruitment in the next 2-3 years (for the purpose of paying for the house as opposed to finding good prospective Omega men) they will have to keep leasing the house out to another GLO or open it up to other residents. And this is a good investment how? |
Soror LG, we are so >>>>here<<<<. :D :D
You have a small, but decent African American population at USC. Factor in those who are too busy to pledge because they play sports. Those who want to pledge may not have the GPA. Then you have those who don't play sports. Some of them may find the other Greeks more tempting. Some don't want to pledge at all. That leaves very little guys who may be qualified and WANT to be Omega men. The largest line I have ever seen for the fraternities at USC was 16 (and it wasn't the Omegas). The Omegas have to have 25 or more to accomplish the goal they are seeking. The Alphas had to have a line every semester to keep their numbers up for their house. I also want PV06 to comment, since she's been out a shorter period of time than I have. |
Quote:
|
This is not a good economy right now to be making real estate investment ventures. Especially a risky one like this. But I wish the Omega Housing Corporation all the best.
|
Quote:
And about the money thing: If you have some bruhs who are in some major leadership positions: political (Rep. Clyburn), education (Dr. Sellers) and financial/business, they can easily come up with the money. Even though some of the WGLOs do want to look at the money, most of the time they think of fellowship and a gathering place for their members when they build/lease houses, not as a long-term investment. Quote:
|
Quote:
|
Quote:
A frat house on one campus just does not, to me, seem to me to be a logical investment. But then maybe it is my MBA and social service background coming out. And again I wish the Housing Corporation well in this venture. |
Quote:
And the Friendship Foundation, the owner/administrator of the Omega World Center, which includes the Omega IHQ, is trying to get full capacity for the tenant space in this large office bldg. This more aggresive business model represents a different paradigm for the Fraternity in terms of ways and means and has not been fully embraced by all. |
Quote:
It's one thing to provide low-income housing (don't get me wrong, that is a symptom that needs to be treated) but it's another thing to provide opportunities for wealth creation to prevent the symptom. Kudos to the Omegas. |
Thanks for the clarification.
|
All times are GMT -4. The time now is 03:39 PM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.