GreekChat.com Forums  

Go Back   GreekChat.com Forums > Greek Life
Register FAQ Community Calendar Today's Posts Search

Greek Life This forum is for various discussion topics regarding greek life. If you are posting a non-greek related message, please do so in one of the General Chat Topic forums.

» GC Stats
Members: 332,757
Threads: 115,738
Posts: 2,208,377
Welcome to our newest member, lexjnr9996
» Online Users: 4,106
0 members and 4,106 guests
No Members online
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #9  
Old 04-04-2005, 06:13 PM
Coramoor Coramoor is offline
GreekChat Member
 
Join Date: Jan 2002
Location: The Sand Box
Posts: 1,145
Send a message via AIM to Coramoor
A lot of HQ's do not hang onto houses.

Owning houses can get extremely expensive. If a chapter is having trouble and folds and they still owe money on their house-then the HQ would have to pay it.

Simply, say the payment is an avg. of 3k a month (and that is extremely low for some multi-million dollar homes), in a year that is 36,000. What if there are 10 houses vacant?

That's 360,000 a year just on paying for the house. No upkeep, no bills, etc.

That is one hell of a commitment and could easily make a HQ go bankrupt in only a few bad years.
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -4. The time now is 04:43 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.