Date published: 2009/12/29
The Cambridge News says:
Eight of the 10 most expensive streets in East Anglia are in Cambridge and six of these are close to the main university area.
The most expensive street is Sedley Taylor Road, off Long Road, where the average property costs ££958,440, according to Halifax building society.
But in a city short of affordable housing, central Government recently dealt a blow to funding for the much-needed cheaper accommodation.
The fact that the Cambridge News thinks the Halifax is still a building society is a bit worrying.
The fact that the Halifax thinks that Sedley Taylor Road is the most expensive street in Cambridge shows why they nearly went bust in January 2009, through sheer incompetence.
Sedley Taylor Road is possibly the most expensive street on the "wrong side" of the railway tracks, although Luard Road must be close. But as can be seen, in Cambridge there are millionaires living even on the "wrong side" of the rail line. But all the most expensive streets are on the university side, for example Newton Road, Bentley Road, Latham Road, Chaucer Road and Millington Road.
And it is unfortunate that when anyone talks about the ridiculous house prices in Cambridge (or elsewhere in England) the first mention is that there is a shortage of "affordable" housing. But "affordable" housing is generally not very good and it is certainly not exceptional.
The real problem is that there is no decent housing being built. This means that streets like Sedley Taylor Road have house price inflation way above average house price inflation. Unfortunately many of the people who run Cambridge live in these super expensive streets and it is in their self interest to make sure no more decent housing is ever built.
Instead we get rabbit hutches with no garden outside and no space inside. Even new million pounds houses have no garden and not much space inside. Meanwhile the peasants are built crap.
The average house standard in Cambridge is declining, not increasing, and given that Cambridge is now full of London commuters and hi-tech millionaires, the housing situation has become a bad joke.
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