Not a parent but having the ‘party house’ is a status symbol for some parents here. Many just turn the basement over to the teens, although some are more hands on than you may be thinking.
Since we had a pool table, we were that house in junior high and part of hs before I moved out. Lots of fun! Also growing up everyone came over for ping pong at my grandparents hobby farm.
I had one kid who seemed to be 100% into doing nothing appropriate, and everything inappropriate (which in my world is called loitering). I didn’t put up with it. I told him either he found something appropriate to do, or I’d find something for him.