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Our school is a commuter school and there is no official greek row. There is a sprinkling of houses around. I don't really see the need for them since our campus is pretty compact and anyone who needs meeting space just uses one of the conference rooms or ballrooms in the Student Union.
A collection of my sisters rent together... have apartments... and all manage to have get togethers, pre-parties, recruitment events etc at different ones each semester. I think paying rent with a group of sisters works out just fine without an additional rent/upkeep charge to keep a House going.
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