If your last sentence is right, and I have no reason to doubt it, then I'm sure you understand that it poses a problem for recruiting and retaining quality faculty.Certainly, even if it's not fully justified.
I'm in prime-child having age for my generation and I would be pretty OK to afford a house in central NJ in line with the one I grew up in. And I could do that working from home and moving to a good district. But someone who has to drive to RU everyday would be more limited.