This is very interesting! How come Stanford owns so many properties? It strikes me a bit odd and their own website have plenty of listings to choose from, ranging from 500k to 5m. Perhaps the reason was first to ensure that staff can afford housing, but can they at these prices?
If you could afford a $5 million house, what would be the reason to buy it from Stanford and not on the open market? Is it at a market discount considering the cap on ROI?
Would you consider the options available in the listing [0] the cheapest way to get housing in the area?
Not all of the homes are subject to the ROI cap. The homes with ROI caps are sold at 50% of FMV, so the carrying cost is significantly lower than if you pay full price.
If you could afford a $5 million house, what would be the reason to buy it from Stanford and not on the open market? Is it at a market discount considering the cap on ROI?
Would you consider the options available in the listing [0] the cheapest way to get housing in the area?
[0] https://fsh.stanford.edu/buy/homes-for-sale