Good time to buy in Cambridge?

ognum

katiewise wrote: »

Hi all

We're currently in the process of selling our house in South East London and looking for property in Cambridge. We've noticed a definite cooling in the market in our area and were wondering whether the same was happening in Cambridge, or if this is just the London effect, following numerous reports about markets slowing in the capital.

We're looking to buy at around the £400-425k mark, and are hoping that more houses come into that bracket over the next few months.

Any thoughts / area tips greatly appreciated!

I would say that the Cambridge market is cooling, many reduced houses on the market though this could just be due to unrealistic pricing to start.

The LL sector is not moving at all like it did, flat screen are stable in price even going down. The days of 30 people at a viewing have gone.

My letting agents who are also a small firm of EAs tell me that little is going at asking price where as it used to go above.

You price bracket is a difficult one, it’s a popular price range, lots of flats at that price, few houses in the city in good areas.

Maybe you will find what you are looking for in the necklace villages, good luck.

Crashy_Time

DaftyDuck wrote: »

I don't think - or imply - that for a moment, to anyone but an idiot. I can, however, see how you might reach such a conclusion....

You currently think there is a financial crisis looming, and there will be a collapse in the housing market..... and you have posted the same thinking pretty much every day - for years... You have been wrong on every previous occasion. I suspect you will maintain this success rate into the future.

The OP is selling a house (a home, not an investment property) and wants to buy another to live in and asks if Cambridge is a good place to buy. Given "everything that is going on in the global market" is pretty much what goes on (and off) on a regular basis, Cambridge is a more sound place than most. If there is a downturn in the market, a slowdown, I don't think Cambridge will be much affected ... If there is a crash (unlikely to happen, won't be large in my opinion), Cambridge will be one of the least affected towns in the UK.

Not immune... but more able than most to weather a downturn, better placed to regain momentum in a recovery. Were there to be a crash, it would crash less and suffer less economic damage. The employment profile will certainly help, as will the breadth of investment.


You may want and wish for a housing crisis, and pose as some kind of economic expert, but you have little understanding, a childish outlook, a simplistic worldview, and have been wrong in virtually every one of the many posts you make on this forum. Pretty much 100% record. If that alone isn't enough to convince you of your own idiocy, I have nothing but pity for you.

Now, unlike you, I will never make assured claims that I can see into the future, can predict what will happen to house prices in a year or two. I suspect there will be no "crash" but some prices might fall a bit. Then they will go up, reasonably steadily.

Now, with your permission.. I have sheep to tend to. Next lot are lambing soon! Life is such fun and jollity.... Cheer up!

"everything that is going on in the global market" is pretty much what goes on (and off) on a regular basis,

No, we are in uncharted waters, and now moving from one of the biggest central bank stimulus efforts in history to trying to unwind that stimulus. This is not regular or normal in any way.


And BTW I predicted Trump and Brexit, what have you predicted so far (that doesn`t involve the word doomster, crashist etc?)

buggy_boy

Crashy_Time wrote: »

"everything that is going on in the global market" is pretty much what goes on (and off) on a regular basis,

No, we are in uncharted waters, and now moving from one of the biggest central bank stimulus efforts in history to trying to unwind that stimulus. This is not regular or normal in any way.


And BTW I predicted Trump and Brexit, what have you predicted so far (that doesn`t involve the word doomster, crashist etc?)

How long have you been predicting an imminent crash? How many years have you been wrong now? No offence but you track record on predicting housing is appalling.

Mickygg

crashy simply has nothing better to do than high jack every single thread and write his nonsense. He must be very sad and lonely to do this constantly for years! That's a shame and I know someone at work just like him that spends his life on the internet commenting wierd stuff on forums.

OP good luck on Cambridge that's a place I'd like to move to!

victoriavictorious

OP - have you considered Ely?

Mutton_Geoff

Crashy_Time wrote: »

And BTW I predicted Trump and Brexit, what have you predicted so far (that doesn`t involve the word doomster, crashist etc?)

What absolute twaddle you speak. Did you bet Leicester winning too, because for your tenner, you'd have £30m quid in the bank and would be able to get yourself out of your bedsit and into homeownership regardless of where you though the market might be going.


https://www.independent.co.uk/news/uk/home-news/us-election-betting-donald-trump-brexit-leceister-city-premier-league-30-million-paddy-power-a7408231.html


I have been contributing to this forum for over a decade and you are the single most depressing contributor I see here. I feel sorry for newcomers who don't know your reputation but still you bang your tiring drum waiting for your wet dream to come true.

DaftyDuck

Crashy_Time wrote: »

And BTW I predicted Trump and Brexit, what have you predicted so far (that doesn`t involve the word doomster, crashist etc?)

Ah, easy one. That, in the late 80's, as a graduate student, the Cambridge housing market would make an excellent long-term investment and, rather than pay rent, I'd rather be paid rent by other people!

A prediction I acted on, and worked out very well.

Since then, my tenants (folk like you) have bought me other houses out of thanks for my housing them.

On your landlord's behalf, I would like to thank you for your being wrong for so many, very profitable, years. :rotfl::rotfl:

DaftyDuck

victoriavictorious wrote: »

OP - have you considered Ely?

VV has a point, OP. The railway line is fast and regular.

The A10, sadly, is less so. Can take 20 minutes extra stuck in traffic.

Older central Ely is lovely. Good schools, good High/Market Street shopping. There are too many new housing estates, and many of those houses are overpriced.

Linton

DaftyDuck wrote: »

VV has a point, OP. The railway line is fast and regular.

The A10, sadly, is less so. Can take 20 minutes extra stuck in traffic.

Older central Ely is lovely. Good schools, good High/Market Street shopping. There are too many new housing estates, and many of those houses are overpriced.

Another option is the Guided Bus route, high speed bus every 15 minutes or so on old railway line. St Ives has a Park & Ride, a lot of new development in Longstanton where there is another Park & Ride, and then the villages closer to Cambridge,Histon, Oakington etc. The Science Park is also on the line.

The key factor is whereabouts in Cambridge you work.

Crashy_Time

DaftyDuck wrote: »

Ah, easy one. That, in the late 80's, as a graduate student, the Cambridge housing market would make an excellent long-term investment and, rather than pay rent, I'd rather be paid rent by other people!

A prediction I acted on, and worked out very well.

Since then, my tenants (folk like you) have bought me other houses out of thanks for my housing them.

On your landlord's behalf, I would like to thank you for your being wrong for so many, very profitable, years. :rotfl::rotfl:

Why bother policing threads that talk about prices falling if it worked out so well for you?