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I made the same decision when we moved to Cambridge (UK). It's a really, really big cycling town and there's a noticable drop off in property prices once you go beyond about a half-hour cycle commute to the science/business park part of the city. The A14 (the main commuter road to that part of Cambridge) is basically a carpark during peak times, and I can cycle to work on (relatively) quiet cycle paths in less than half the time it would take me to drive.

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