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This. If you leave Cardiff but have to travel in to work, probably the most important factor for me would be the proximity to a train station. I travel out of Cardiff up the A470 and the M4 every morning and the queues coming in are usually horrendous. That being said I do like Caerphilly and if I were to have to move for financial reasons, that would probably be where I would go.
I lived in Caerphilly for 5years having lived and worked in Cardiff all my life.
I just found it a pain logistically. Houses were much cheaper but After a while I felt that the houses in Cardiff were increasing in value faster than Caerphilly and if I didn't move back to the Big City when we did we may never afford to move back to a similar size property and it would have been a case of down sizing to mov back.