FYI: How Stanford University handles that now is that they have a new subdivision on campus, and chosen professors are given title to a nice house. When they move later, they are given the assessed profit of any rise in house value over the years.

This was necessary because house prices in Palo Alto are in the $2+ million range, which is not affordable to profs, and prevents them from the normal housing ladder investment seen in the rest of the USA.

A lot of the profs use bicycles to ride the mile or so to class.