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Here's a 2019 source on how Stanford's faculty housing works: "[Prof] will have to leave his house 10 years after he retires from Stanford or 51 years after he
by sagz 4y ago
Here's a 2019 source on how Stanford's faculty housing works:
"[Prof] will have to leave his house 10 years after he retires from Stanford or 51 years after he moved in — whichever comes first — at which point he will sell it back to the university, making a modest profit (appreciation is capped at about 3% per year). That means he can’t pass it down to his daughters."
https://extras.mercurynews.com/whoowns/stanford.html https://extras.mercurynews.com/whoowns/stanford.html
- gnicholas 4y agoThere are various faculty housing programs, and they differ in important ways. for example, purchasers of on-campus homes can sell to any eligible person (tenure-line faculty, generally), or to the university. Pricing/appreciation is not capped. Other programs require resale to the university, with caps. Of course, rules may have also differed decades ago, when the home was apparently purchased.