As an alum who never had the opportunity to live in a house...
I would have loved to.
My particular sorority is honorary and Boston University has a strong anti-house policy (we have several houses on our campus... the irony is that they all belong to frats of MIT).
The storage of sorority-related materials is one of the easiest reasons to wish for a house-- ours have been scattered to the winds, finding their places in campus storerooms, sister dorm rooms and apartments, etc. Over the years, entire year history albums have been lost.
There's something to be said for a permanent ritual space, too.
I would love to have experienced living in a house.