Some form of Greek Housing is great for one thing.
A place to meet! Lodges, Dorms, Apartments or Self owned Housing.
Having come from a State Un. We all have Houses. One Fraternity is Renting but the other 5 own Property and along with the 3 Sororitys.
But, isnt there always, We got into trouble because Our House fell into such disrepair that We lost Membership and could not afford to keep it up no matter what.
A self contained House can be a Money Pit if there is not enough Membership to maintain it.
We are building a New HOUSE ON THE if come and an Alum who felt the need to give back for what He recieved as a Member in College. Basically, that means a strong Alum base who donates to keep things going in Times of Good and Times of Bad.
Depending on where a College is located is of prime importance for sure! Land values and pricing along with rent dictates whether You have a meeting place.
Membership is a panacea, ergo, if GLOs are on a Campus and are going to survive, then it would be nice if all help each other!
With a New House, We are going to rise like the pheonix and grow to fill it and make us strong again.
Word of advice, when looking for a place, go for no more that 14-15. That seems to be the maximum Number. Everyone can come to the house and the house can support the Chapter.