I can't think of any really good reasons to do so.
Besides, owning the home in the LLC won't protect you from someone coming after you. You will, presumably, own all the interest in the LLC which would be still be attachable by creditors. It actually might be easier for creditors to kick you out of the house if it is owned by an LLC you also own, but I'm not positive on that. You also might miss out on some state and federal tax exemptions/deductions. For instance, in Illinois you would lose out on the homestead exemption for state property tax.
Edit: Just saw your other thread and noted you'd have roommates. Then there might be an argument to own it in a LLC. If one of the roommates sues you for an injury, for example, the LLC could protect your other assets (not owned by the LLC). It would not protect the house, though. You also should talk to a lawyer in your area to make sure you follow all the required formalities so a potential judgment creditor can't "pierce the veil" of the LLC, which would mean the law disregards the LLC as an entity and allows the creditor to come after your other assets.
I can't think of a good reason to put the home in an LLC either.
As bpgui stated, all assets owned by the LLC would be attachable by creditors. The only way I'm aware of that members of an LLC can be personally liable for debt would be if they signed a personal guaranty for the debts of the LLC, cosigned as a responsible party for the debt, or signed individually for the debt of the LLC.