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Its an on campus house and its costing that much? Is it through the university that you would be paying for the house or is it just that its close to campus?
I know that since ours is done through the school.. we "rent" the house each year as a chapter then girls who live in the rooms pay a certain fee each semester. Its all in all a good situation except for the renting part bc then our house corp. are more hesitant to put money into the house.. since if we cant fill it or if something happens to our chapter we would essentially lose it and all of our investment.. so over time we have fixed up our house..
..also speaking of seeing other chapters in debt over their house.. one sorority went out and spent all this money on their new house on campus.. they ended up not being able to pay for it and held fundraisers asking other chapters for money as if it was for their philanthropy come to find out it was for their house..
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