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While many individual chapters lost their houses and were forced to close for financial reasons during the depression, no entire system closed because of it. In fact, I suspect the opposite is true. I'll double check my records (I'm in NYC & don't have the materials in the apartment) when I get home but my off-hand observation is that most of the Greek systems that closed were at non-housed campuses where it seems to me it is more difficult to retain a cohesive operation where there is no piece of real estate. My personal opinion is that owning your own house is a gigantic plus along as the group did not over reach and obtain something impossible to retain. Correct me, but I can not think of any really strong Greek system in which there is no housing (including lodges or meeting rooms) involved.
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