Quote:
Originally posted by DeltAlum
But if the House Corp owns the house, Nationals is not liable for payment of the mortgage.
I believe that the decision of whether to keep an aging house is becomming more difficult to decide as universities upgrade dorms, etc.
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I was pointing out if the HQ owned the house. I believe that the Sig Eps have it so that their nationals run their houses. I could be wrong, but I think I remember reading that somewhere.
Fifty, Sixty years ago a lot of HQs owned chapter houses. It got to the point were the cost of running them was going to bankrupt a few nationals. I know that KA had a problem with this a few decades ago.
It's a great idea, but a huge risk.
My example was definitly on the cheap side. When you have 4 million dollar homes, the cost is a lot higher.
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