Eh, that's one way to see it, but i always saw Hufflepuff as the "Broest of bros" house, it just seemed to me that valuing Friendship was their thing.
Hufflepuff is the "we got your back, bro" house, the Hufflepuffs are the one who are there to be your best friends, the ones who will pick you up when you're down, the ones who will let you win at street fighter to cheer you up, Hufflepuff is all about fair play and union, while all the other houses are about bitter rivalries and eltism. Yes, they play Slytherin as the "supremacist" house, but Gryffindor was also full of "my house rules, yours sucks" and Ravenclaws always seemed stuck up.
Hufflepuff is the house you could share a [butter]beer with and have a good time.