Will sigma chi take over dchi house?
by: ?If delta chi is going to be losing their house does that mean sigma chi is moving in?
#1 by: Stop with the bs sig chi
Commentby: This is capppppJan 1, 2025 3:29:05 AM
Fiji took over the big yellow from a top frat named phi sig where the south flo kids join newmans family and Fiji is renting from phi sig rn til 2029
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#3 by: Nope
Dchi is not losing their house. Phi Delt doesn't have the numbers to fill the house, not even close and they can't afford the mortagage without leasing it to dchi. Once they do have enough members, they'll have to maintain those numbers consistently for several semesters and have an established financial record with reserves before their advisors and housing corp will allow them to take over the house again.
by: SteezDec 31, 2024 10:08:13 AM
The mortgage is 20k a month (dont quote me), with 70 members it's 285 a month. Definitely affordable, even with 30 people living in that house rent would be 660 a month which is still cheaper than almost every place in tally.
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by: To SteezJan 9, 2025 3:46:33 AM
Half those guys in Phi Delt will drop out because it's just a bunch of random new guys who didn't know each other and no established brotherhood or bond. They could have 70 guys this year and 30 the next, no one is going to hand them control of that house until they get stable numbers and are really established.
Also, the mortgage is only one expense for the house. Insurance, property taxes, electric, water, internet, maintenance, repairs. The utilities alone are probably almost as much as the mortgage. They probably need more like 40-50k per month to cover the full cost of the house.
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by: RafJan 1, 2025 3:36:36 PM
by: bJan 4, 2025 8:26:02 PM
just because a phi delt owns their house does not mean that phi delt can automatically rent it again that’s just not how leases work
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#6 by: To Steez
Delta Chi has a lease so even if Phi Delt could afford it they can't get the house back until the lease is up. Even though phi delt "owns" the house they don't really own it because the land is leased and the county board that manages the Heritage Grove property has some say in it, as do the board members who control the LLC that owns the house on behalf of phi delt. They're not going to let a bunch of 18 year old boys with no established brotherhood and no experience runnnig a fraternity and its finances take on that house and expenses anytime soon. LOL
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by: NahhDec 31, 2024 11:52:14 PM
Fiji owns their house. They built it
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